More Americans are retiring earlier than previous generations. According to a survey by the Federal Reserve Bank, their odds of retiring before age 62 rose to roughly 50% in July 2021, partly due to the pandemic. For many, moving up their retirement seemed like the right choice given the state of the labor market and…
Millennials are a generation with unique financial challenges. Seven in 10 possess student loan debt, according to the Institute for College Access and Success’ “12th Annual Report, Student Debt and the Class of 2016.” Combined with car loans, housing expenses and entry level salaries, it’s no surprise to learn that many young workers lack the…
Health care costs are in the news all the time. You hear about them at work and when you’re with friends and family. The comments are always the same. Health care is getting more and more expensive, and it seems to be outpacing the money you make. Fortunately, you’re not helpless when it comes to…
The Social Security Administration implemented their highest cost-of-living adjustment (COLA) in four decades earlier this year. This annual COLA is based on increases in the Consumer Price Index as reported by the U.S. Bureau of Labor Statistics. This means former workers receiving Social Security Disability Insurance (SSDI) benefits saw an increase of 8.7% in their…
Owning a home has long been an aspiration for many people across America, and one of the most effective ways to build generational wealth. Yet, due to the effects of the ongoing COVID-19 pandemic, rising interest rates, and housing affordability concerns, including the lack of affordable housing supply, homeownership may seem out of reach for…
by d-mars.com News Provider Thinking of remodeling your home? From safety and security to product and contractor selection, there are many factors to consider. Follow these eight remodeling tips to help minimize hassles during a renovation: Bottom line: working with reputable professionals makes all the difference in the quality of the work and the materials…
By Chuck Bishop, Head of Diverse Segments for Wells Fargo Home Lending Despite ongoing challenges due to the pandemic, Black Americans joined the many homebuyers looking for a space to call their own during the past year. But even against that backdrop, the homeownership gap for the Black community remains significant, and concerns remain about…
The debate on whether in-person working environments versus remote has come into play. Some workers believe that in-person work leads to better problem-solving tactics, beneficial training, especially for new employees while strengthening corporate settings. eCommerce Business John Wright, who operates a small internet-based service helping consumers receive discounted packaged deals on cellular phones and plans,…
With many facing rising costs on essential needs, people are looking for deals and new ways to save money, now more than ever. As we enter the holiday season, what is meant to be a joyful time can become stressful – especially if money is tight! Luckily, it’s possible for everyone to enjoy the holidays…
Owning a home has long been an aspiration for many people across America, and one of the most effective ways to build generational wealth. Yet, due to the effects of the ongoing COVID-19 pandemic, rising interest rates, and housing affordability concerns, including the lack of affordable housing supply, homeownership may seem out of reach for…
If you’re unsure of how to start planning for your financial future through investing, you’re far from alone. In fact, it might surprise you to know that 80 million Americans are interested in investing but don’t know where to begin. Yahoo Finance even reports that 54% of millennials have less than $5,000 of their money…
If you dream of homeownership, having your mortgage application denied can be devastating. If this does happen to you, it’s important to remember that you’re not alone. Thirteen percent of all purchase mortgage applications — a total of nearly 650,000 — were denied in 2020, according to federal government data. Before quickly reapplying for a…
Similar to how the ways we listen to music and watch movies have changed, cellular networks are evolving too. In fact, all major wireless providers plan to shutter their 3G cellular networks this year. 3G networks are the wireless equivalent of being on dial-up internet access years ago. Built in the early 2000s, 3G networks…
Could your finances use a checkup? If so, you’re not alone. According to the Financial Health Network, “Financial Health Pulse: 2021 U.S. Trends Report,” nearly two-thirds of Americans struggle with financial health. But what does that mean? The study considered factors such as people’s ability to pay bills, their amount of short-term savings, and their…
Senate Democrats took a critical step toward reducing inflation and the cost of living by passing the Inflation Reduction Act. Proponents said the measure would make a big difference for many Americans by locking in savings on health insurance premiums and reducing the cost of prescription drugs by allowing Medicare to negotiate lower prices. The…
For the past several years, homebuyers have faced a hot housing market and home prices have risen at what can seem like an intimidating rate. In today’s market, it could take a family earning the national median income up to 14 years to save for a 20% down payment plus closing costs, according to U.S….
The last few years have been rocky times for the 32.5 million U.S. small businesses, according to the U.S. Small Business Administration (SBA). They have faced big challenges such as the COVID-19 pandemic, labor shortages, and rising inflation. These firms, which account for 43.5% of gross domestic product, are also facing a lending crunch. The…
Are you looking for a job, but want more than a paycheck? Do you want to be able to learn, grow and thrive in your new position, but you’re not sure where to start? The top factor that makes for an exceptional work environment is access to opportunities to learn and grow, according to LinkedIn…
If you have a vision for where you’d like to be financially in the coming years – but no clear idea of how to get there – you’re far from alone. In fact, a recent survey by Wakefield Research and financial services company Digit (now a part of Oportun) found that 78% of American adults…
If your child is college-bound, you probably have questions – including how to pay for their higher education. What may surprise you is how many different sources you’ll draw from to cover tuition, room, and board – plus expenses like books, fees, travel, and more. A recent study revealed over a dozen funding sources parents…