Personal Finance Institute

About three-quarters of Americans have a monthly budget, but 83% say they overspend. Around 4 in 10 say they usually use a credit card to pay for additional purchases.

We've all heard money talks. But for how many people is it saying goodbye? Answer: A whopping 84%   Questions: What are some possible factors that would lead to someone spending beyond their budget? How do unexpected expenses, like medical emergencies or car repairs, impact a person's ability to stick to their budget?

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A long-forgotten German economist argued that society and the economy would be better off if money was a perishable good. Was he an anarchist crank or the prophet of a better world?

Flint Mayor Sheldon Neeley is giving piggy banks to kids with a message on financial literacy and some encouragement to open a bank account.

Shares of ride-hailing app Uber reached a new 52-week high last week as the San Francisco-based firm prepares to make its S&P 500 debut in Monday trading.

Here are the states that require high school students to take a personal finance course in order to graduate.

How much does the average American household spend on transportation per year?

As financial fears mount, some Americans are "doom spending," or spending money despite their economic and geopolitical concerns, as a way to cope with stress.

Try to beat the market in the Market Timing Game by selling stocks when they are high and buying when they are low.

This morning, the New York Fed’s Center for Microeconomic Data released the 2023:Q3 Quarterly Report on Household Debt and Credit. After only moderate growth in the second quarter, total household debt balances grew $228 billion in the third quarter across all types, especially credit cards and student loans. Credit card balances grew $48 billion this quarter and marked the eighth quarter of consecutive year-over year increases. The $154 billion nominal year-over-year increase in credit card balances marks the largest such increase since the beginning of our time series in 1999. The increase in balances is consistent with strong nominal spending and real GDP growth over the same time frame. But credit card delinquencies continue to rise from their historical lows seen during the pandemic and have now surpassed pre-pandemic levels. In this post, we focus on which groups have fallen behind on debt payments and discuss whether rising delinquencies are narrowly concentrated or broad based.

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/PRNewswire/ -- With the costs of everyday necessities on the rise last year, middle- and working-class families felt the biggest crunch on their bank accounts...

Starting in 2024, savers can roll unused money from a 529 plan over to Roth individual retirement account free of income tax or tax penalties.

A third of earners making more than $150,000 a year say they won’t be able to pay off their credit card balance this year. What's going on?

In this paper, we study the relationship between stock fund managers’ facial attractiveness and fund outcomes. Utilizing the state-of-art deep learning techniqu

The real value of $100 in San Francisco is $83.45, compared to $119.28 in Anniston-Oxford. In other words, the purchasing power in the Anniston-Oxford area is 43 percent greater than in the San Francisco-Oakland-Hayward area.

Credit card rates and debt are at an all-time high as the Federal Reserve raised borrowing costs to tame inflation.

Question of the Day for teachers and students (Updated): What's the average interest rate on a car loan for someone with bad credit?

Property insurers can now factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage.

Question of the Day for your classroom. How much does a speeding ticket increase the annual cost of car insurance?

The CFPB has sued one US company for trapping consumers in an endless cycle of personal loan refinancing.

Analyze and view backtested portfolio returns, risk characteristics, standard deviation, annual returns and rolling returns

Since 1949, the S&P 500 has doubled in value 10 times. We show how long it takes to double your money across a range of annualized returns.