The Economy

Affordable Housing? What Affordable Housing? Affordable housing is increasingly hard to find in today’s market. According to data from Trulia, America’s inventory of starter homes has decreased by almost half compared to six years ago while prices rose by almost 58%. As consumers recovered from the housing crisis and Great Recession, more people became financially
0 Comments
Millennial Retirement Idealism How will millennials do in retirement? Very well…or so they think. A recent survey by Aperion Care on millennials and aging found that many millennials have fairly ambitious – and, in some cases, unrealistic – expectations regarding their golden years. Millennials expect to live to age 81 on average – which is
0 Comments
More Savings, More Debt Do you participate in a 401(k) plan at work? If so, were you automatically signed-up by your employer? A new study suggests that if you were auto-enrolled in the plan, you may be accumulating more debt – but that may not necessarily be a problem. Whatever… Just Sign Me Up Policymakers
0 Comments
Costs Increase, Defaults Follow Americans owe the government approximately $1.37 trillion in student loans – and, according to recent information from the U.S. Department of Education, student loan debtors are having an increasingly difficult time paying back those loans. The Wall Street Journal reports that some $631 billion of the $1.37 trillion debt load is
0 Comments
Should I stay or should I go? With apologies to The Clash, that’s the question many homeowners are asking themselves. Does it make more sense to renovate your current home, or should you look for a home that is a better fit for your current needs? Data from the National Association of Realtors (NAR) suggests
0 Comments
Stocks Outpace Housing Few can argue that the stock market has experienced great growth under President Trump. The “Trump Bump” consists of an approximate 20% increase in both the Dow Jones and S&P 500 during the President’s first year in office. Does the same Trump Bump translate to the housing market? A recent study by
0 Comments
What’s the best time of the year to rent a home? That depends on what factors are important to you, and how much time you have to act. People don’t always have the luxury of taking their time in renting a house or apartment. They often have to assess a market in a fairly short
0 Comments
As the old saying goes, do the rich really get richer while the poor get poorer? Recent data from the Federal Reserve shows that at least half of that statement is true for U.S. households. The latest Survey of Consumer Finances (SCF) conducted by the Federal Reserve shows another significant increase in the already historically
0 Comments
It’s that time of year when the leaves change colors, pumpkin flavoring is crammed into everything imaginable (who needs Eye Drops with Pumpkin Spice?), and scary things come out on Halloween – but will you open your door on October 31 and be confronted by anything scarier than these hair-raising financial horror stories? They Stole
0 Comments
Beware of KRACK KRACK Attack? Is that the name of a new video game, dance craze, or rock band? Unfortunately, it’s none of those things – it’s the acronym for a new path identity thieves have to steal your personal information. KRACK stands for Key Reinstallation AttaCK. It’s a recently discovered systemic vulnerability in wireless
0 Comments
A Burden for You, An Opportunity for Scammers Educational debt has reached levels that are hard for the average American to fathom. By some estimates, outstanding student loans have reached a whopping $1.45 trillion dollars. Over 44 million Americans have some form of student loan debt, with 2016 graduates averaging over $37,000 in debt. That’s
0 Comments
It’s tough living on the lower end of the credit score scale. If you have a credit score below 640 or so, you are generally given “subprime” lending offers for any form of credit that you request. From credit cards to auto loans and mortgages, you will be hit with higher interest rates and potentially
0 Comments
Treasury Report Targets Dodd-Frank In February of 2017, President Trump issued Executive Order 13772, which gave the Secretary of the Treasury 120 days to create a report reviewing financial laws and regulations with respect to seven “Core Principles”. Those principles are generally related to streamlining the financial markets and, in the President’s opinion, reducing constraints
0 Comments
America Breaks the Debt Record According to the New York Fed’s recent Quarterly Report on Household Debt and Credit, America has more debt than ever before. Do you? Should you be concerned in either case? The report shows that American household debt reached $12.73 trillion in the first quarter of 2017. That tops the previous
0 Comments
Which Is True? The Consumer Financial Protection Bureau (CFPB) is an independent consumer and financial watchdog agency that offers advice to consumers and levies fines against financial institutions engaged in questionable practices. The CFPB is an unchecked, poorly controlled agency that restricts the opportunity of financial institutions to operate within a free market and applies
0 Comments
Much of Wall Street was pleased in June when all but two of the largest U.S. banks passed the so-called “stress test” applied by the Federal Reserve. What is this stress test, where does it come from, and why do the results matter to Wall Street? The stress tests come from the Dodd-Frank legislation that
0 Comments
If you are closing in on retirement age, you are keenly interested in how the three remaining Presidential candidates — Donald Trump, Hillary Clinton, and Bernie Sanders — plan to deal with the fiscal challenges of Social Security and Medicare. If you are not close to retirement age, you should be even more interested, as
0 Comments
If you ever wanted to achieve the level of wealth that allows you to hide a large amount of it within the iconic Swiss bank account, you are now officially out of luck. Feel free to target great wealth, but do not expect to be able to evade taxes by parking your assets offshore in
0 Comments