Markets will be markets: An analysis of long-term returns from the S&P 500
Investors have learned to ride out the highs and lows of the US stock market. In this analysis, we look at S&P 500 annual returns over the past 25 years.
The Good, The Bad, And The Ugly In The Retirement Savings Bill Congress May OK This Week
The spending bill congressional leaders agreed to early this morning creates significant new incentives for retirement savings and broadly eases rules for withdrawing funds. Like...
This data note reviews our recent polling data that finds that Americans struggle to afford many aspects of health care, including disproportionate shares of uninsured adults, Black and Hispanic ad…
Why Don't Basic Insurance Plans Cover Vision and Dental?
Most of the time, this column answers questions that are specific to Vermont: Why is there a phallic mushroom sculpture on Burlington's waterfront? Why is...
Question of the Day: What are the 5 careers that produce the most millionaires? - Blog
You might be surprised by one of the answers. Answer: Engineers, accountants, management, attorneys and teachers Thanks to Jenny Trieu for providing the inspiration (and the resources) for this Question of the Day! Question: Do any of these five professions surprise you? Given that only 31% of millionaires earn more than $100,000 a year, how do you think those earning less than $100,000 are able to build such wealth? A friend tells you they want to be a millionaire. What advice would you give them to achieve this goal? Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Yahoo Finance): While these careers strongly correlate millionaire status to a higher education, that didn’t require attending a swank school.
Balances Are on the Rise—So Who Is Taking on More Credit Card Debt? - Liberty Street Economics
Total household debt balances continued their upward climb in the third quarter of 2022 with an increase of $351 billion, the largest nominal quarterly increase since 2007. This rise was driven by a $282 billion increase in mortgage balances, according to the latest Quarterly Report on Household Debt & Credit from the New York Fed’s Center for Microeconomic Data. Mortgages, historically the largest form of household debt, now comprise 71 percent of outstanding household debt balances, up from 69 percent in the fourth quarter of 2019. An increase in credit card balances was also a boost to the total debt balances, with credit card balances up $38 billion from the previous quarter. On a year-over-year basis, this marked a 15 percent increase, the largest in more than twenty years. Here, we take a closer look at the variation in credit card trends for different demographics of borrowers using our Consumer Credit Panel (CCP), which is based on credit reports from Equifax.
Americans with higher financial literacy are healthier: research
Americans who have improved financial literacy and financial access are healthier overall, according to new research. A study published this month in the Journal of Family and Economic Issues found…
EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. Compared with the federal poverty line and the Supplemental Poverty Measure, EPI’s family budgets provide a more accurate and complete measure of economic security in America. The Family Budget Map offers a view of cost of living for a two-parent, two-child family across the United States at the county level.
EPI’s Family Budget Calculator measures the income a family needs in order to attain a modest yet adequate standard of living. The budgets estimate community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States. Compared with the federal poverty line…
The 19 Best Free Google Sheets Budget Templates - Updated for 2022
Did you know Google docs has budget templates available online, for free? If you enjoy using spreadsheets to manage your finances, see our list of favorites.
A budget is a spending plan for a certain length of time based on income and expenses. Budgeting can help you see where you stand and take control of your money.