Personal Finance

Gen Z uses these payment apps the most, so you might have some inside information on which is most popular.  Answer: From data.ai (10/17/22)   Questions: Why do you think these person-to-person apps are so popular (top 3 on the list)? When do you think people find these apps most useful?  Do you have any finance apps on your phone? Why or why not?  What do you think are the most important criteria in choosing which finance apps to use?  Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Pew Research):  When asked what motivates them to use these sites or apps, users most frequently point to ease.

Inflated mortgage rates are barring millions of Americans from homeownership. Learn more in our study on current affordability trends in the U.S. housing market.

Here's a breakdown of income and rates for next year.

The popular payment plans from companies including Afterpay are largely going unreported out of concern that they could ding credit scores.

The average student loan debt for recent college graduates is nearly $30,000, according to U.S News data.

Find your age in our 2022 average term life insurance rate chart to get an idea of your monthly cost.

How many S&P 500 companies are in your area and how has their stock price performed recently?  I wanted to share with you an interactive stock market map developed by Gene Natali and the folks at Troutwood that answers these questions (and many more too!) Gene was kind enough late on a Thursday night to share his perspectives on the tool. I will first point out two of the use cases that I found valuable (and there are certainly countless others!):  Click on the magnifying glass (top left margin) for the filter which allows you to create lists of top performers selecting an index (this one is ALL) and performance period (3 years below). Whatever you select here for index (S&P 500, Russell 1000, Russell 2000, Russell 3000, Nasdaq and Dow 30) and APPLY will filter the map so only the companies in the index appear too. Interesting to see GameStop as one of the top 5 performing even after a steep sell-off:  2.

A digital map of the stock market.

We dive headfirst into the uncertain yet tantalizing waters of the stock market...

Home insurance policies rarely cover flood or earthquake damage.

“Buy now” is the easy part… It’s the “pay later” that gets tricky. Buy now, pay later companies help you sport that $400 Aritzia coat now and...

10%+ Nominal Price Declines Now Seem Likely

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

The storm inundated the homes of thousands of Floridians who don't have flood insurance, exposing weaknesses in the nation's effort to address the rising costs of extreme weather.

Some states are cracking down on pet store loans that can balloon by tens of thousands of dollars.

Who are the most successful celebrity investors? From the most successful investments to the most successful celebrity-owned businesses.

The average American home is around 2,000 square feet. Here's how that size shrinks and expands in each American state.

In 2021, a standard 30-year fixed mortgage in the US could be had for somewhere around 3%. Today that number is closer to 7%.

A bull run that began after the final crisis comes to an end as higher mortgage rates cool the real estate market.

Falling stock markets have wiped out $9 trillion in wealth from U.S. households, putting pressure on family balance sheets and spending.

/PRNewswire/ -- At the early part of this year, personal debt among U.S. adults aged 18+ was on a three-year downward trajectory, according to Northwestern...

And six charts to help you navigate it.

Tax-advantaged college savings plans are not the only way to save for higher education.

"Buy now, pay later" lenders will be subject to more regulatory oversight going forward, which is '"good news," Harvard researcher says.

Wharton professor Fernando Ferreira explained that he doesn’t think the housing market is in a recession in a recent Knowledge@Wharton article. So what story can we tell from the data we are seeing?   EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons   The Headlines Mortgage rates just surpassed 6%--double the rate from a year ago, and demand for mortgages has dropped 29% from last year (NYT). New home sales were down 30% year-over-year in July (CNN).

A pair of exchange-traded funds, or ETFs, that would mirror the personal portfolios of members of Congress may be coming soon.