Personal Finance
Should I Buy a House Now? Everything You Need to Know to Decide
Should I Buy a House Now? If you are recently married, your emotions are likely redirected to believing there’s no better time to buy your dream home. Get a job, get married, buy a home, and have a baby; many couples see this happening all around them and want the same right now and in that order. It’s what the Joneses are doing, so it’s what we should be doing. Right?Deciding when to buy a home is one of the biggest decisions in your marriage. Your marriage. Don’t let the Joneses influence what
Taxes Are Worse than You Thought
We are quickly approaching the deadline for filing (and paying) our federal and state income taxes, and that means it’s time for an annual post to help put things in perspective. Let's start with some historical perspective: when income tax began in 1913, the maximum marginal income was only 7% on incomes above what would be more than $12 million in today's dollars.
Can Monkeys Help You Conquer the Stock Market?
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Stop! Before you make a big gamble on the stock market, see how millions of years of evolution affect humans’ ability to make sound financial decisions. A neuroscientist studying monkeys explains why money makes the world go ‘round and, more importantly, why it sometimes makes us do irrational things. Understand the science behind stock market bubbles so you never get trapped on the wrong side of one. This is Your Brain on Money.
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The Secret Science Behind Saving Money for Retirement
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Your brain is biased. Over millions of years of evolution, it’s been programmed to prioritize the present over the future, so when we try to save money, it feels like we’re depriving ourselves of joy. Why save for 10 years from now when there’s so much to do right now? Neuroscientist Alex Korb explains how our brain circuits focused on thinking, habits, and rewards interact to impact our financial decisions. But even though we favor short-term indulgences over our long-term best interests, research suggests it’s possible to undo this harmful pattern with one simple thing: a vivid imagination. Learn more about how you can rewire your brain and change your behavior to live the life you’ve always wanted. This is Your Brain on Money.
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Student Loan Debt Statistics [2024]: Average + Total Debt
Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.
The average federal student loan debt balance is $37,088, while the total average balance (including private loan debt) may be as high as $39,981.
Less than 2% of private student loans enter default as of 2021’s fourth financial quarter (2021 Q4).
The average public university student borrows $32,637 to attain a bachelor’s degree.