By d-mars.com News Provider An often-overlooked aspect of elder abuse is cybercrime – and it’s a problem that’s getting worse. In 2020, the FBI reported a record amount of cybercrime complaints – nearly 800,000 – adding up to over $4.1 billion in losses. More than half of those losses were suffered by people aged 50…
By d-mars.com News Provider What may have started as a deal too good to pass up could end up costing you for months to come. Costly subscription services could be charging your debit or credit card monthly and if you don’t keep close tabs on your accounts, you may not even be aware. The hook…
By Vanderbilt Mortgage and Finance, Inc. Building a savings account can seem daunting. Many people believe they should have a high amount of savings tucked away, but then often become overwhelmed thinking about that goal. By shifting your mindset and taking small, achievable steps, you can reach your savings goals and more. Keep in mind,…
By d-mars.com News Provider Many people are reassessing goals in light of the turmoil of the last year. There is a renewed focus on gaining control of finances, especially through increased saving and getting professional advice. Even Americans who did not lose work lost a sense of confidence in the economy. A new survey by…
by d-mars.com News Provider Even if you’re young, newly employed or haven’t yet started to save for retirement, many financial professionals agree planning is key to achieving a sense of security for your future. But a new survey shows that if you’re a first- or second-generation American, a woman, African American or Hispanic employee, you…
By Stacy M. Brown, NNPA Newswire Senior National Correspondent Wells Fargo & Company announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of a 2020 pledge to invest up to $50 million in Black-owned banks. The banking giant said it is also offering access to a dedicated relationship team that…
By d-mars.com News Provider If you contribute a portion of your income to a 401(k), you may think you’re all set for a comfortable retirement. Experts say it’s important to take a closer look at these savings. To help you get started, Lincoln Financial Group is breaking down three common misconceptions about saving for retirement…
by d-mars.com News Provider Medicare fraud is not a new issue and long predates the pandemic, but during times of crisis, scammers often get more aggressive and creative with targeting seniors. Scammers have taken ample advantage of the COVID-19 pandemic by offering Medicare beneficiaries fraudulent services, resources, or information about the vaccine in exchange for…
Planning on retiring single? You aren’t alone. Nearly 22 million Americans age 65 and older were unmarried in 2019, according to the U.S. Census Bureau, representing 41.5% of those in that age category. And for women, it’s more likely to be the case. According to the Administration on Aging, 54% of older women are unmarried,…
by d-mars.com News Provider Planning for retirement is an important step toward long-term financial wellness at any age. Even though everybody knows to expect the unexpected, no one could have predicted how the events of the past twelve months would change the world. As a result, many people had to shift their approach toward financial…
by d-mars.com News Provider The pandemic created a lot of uncertainty for people, especially when it comes to their finances: unemployment was up, spending was down and pretty much everything felt like a roller coaster. One year after much of the world shut down due to the coronavirus, it’s time to rebuild your savings to…
by d-mars.com News Provider While the past year has been rough in so many ways, one positive result is that people are focusing more on saving money — creating a silver lining to the cloud that was 2020. A new survey from Coinstar found nearly 3 out of 4 people (74%) say they are likely…
Twenty-two percent of U.S. adults report they are unable to pay their bills in full and on time in a typical month, and 30 percent would not be able to cover an unexpected $2,000 expense, according to new data from the fifth annual Personal Finance Index (P-Fin Index) released by the TIAA Institute and the…
by d-mars.com News Provider What does paying for college during life’s “new normal” and current economic climate look like? A new survey highlights parent plans and concerns regarding the upcoming 2021-2022 school year. The College Ave Student Loans survey of parents of undergraduate students conducted by Barnes & Noble College Insights found that of those…
By R. Dean Foreman, Ph.D., Chief Economist, American Petroleum Institute Most people are concerned when energy costs rise, especially prices at the pump. It’s understandable since the average household spent nearly $4,100 on energy in 2019, per the U.S. Bureau of Labor Statistics’ (BLS) Consumer Expenditure Survey. For more than a decade, expanded U.S. energy…
by d-mars.com News Provider Is your money management a streamlined process? If you’re like many Americans, you may be spending more time than you’d like to be. Americans average spending seven hours per month managing their finances, according to a new online survey among more than 2.000 U.S. adults by The Harris Poll on behalf…
by d-mars.com News Provider A new survey reveals that women are increasingly earning the title of “breadwinner” in their households. The Wells Fargo survey found that over half of all partnered women reported greater or equal earnings to their spouse. And nearly one-third of millennial and Gen X women reported being the primary breadwinner —…
by d-mars.com News Provider Each year, approximately 200,000 men and women transition from the U.S. military to civilian life.1 It can be a dramatic life change with financial implications that many people don’t realize or plan for. Much attention is given to accessing healthcare, transitioning careers and pursuing educational opportunities, but the adjustments to your…
by d-mars.com News Provider April Fool’s Day is just around the corner. Even in today’s socially-distanced environment, people are sure to attempt a few pranks to mark the day. As in normal years, the majority will be silly, some will be hilarious, while others will fall flat. This year, try something different and celebrate 4/01(k)…
by d-mars.com News Provider Prescription drug prices are skyrocketing. For anyone who needs regular prescriptions to manage serious chronic health conditions, the soaring cost of their medications creates a real burden. Studies show that one in four adults skip medications primarily due to cost, which leads to bigger problems both for their health outcomes and…