Talking to kids about the wider world

Renters are more pessimistic than ever about their homeownership prospects.

NEW YORK—The Federal Reserve Bank of New York today released results from its 2024 SCE Housing Survey, which is part of the broader Survey of Consumer Expectations (SCE) and provides information on consumers’ housing-related experiences and expectations. The results show that the pace at which households expect home prices to rise in the next year has reaccelerated after falling last year, with average one-year ahead expectations now reaching their second highest reading in the survey’s history. In contrast, home price growth expectations for the next five years declined slightly. Expectations about the change in the cost of rent were considerably higher than home price expectations but followed a similar pattern, as rental price growth expectations increased for one-year-ahead and were essentially flat for five-years ahead. Homeowners’ expectations about the likelihood of refinancing their mortgages over the next 12 months rebounded slightly after falling last year, but remain well below pre-pandemic levels. Renters’ views on the ease of obtaining a mortgage deteriorated substantially, with 74.2% stating that obtaining a mortgage is somewhat or very difficult. In fact, renters’ self-assessed probability of ever owning a home decreased to a new series low.

With housing prices on the rise, more and more young people are being priced out of the market. Unfortunately, most politicians are too afraid to tell them what’s really behind the affordability crisis.

The (bad) options for Americans facing an emergency expense.Subscribe to our channel and turn on notifications (🔔) so you don't miss any videos: http://goo....

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

Financially literate citizens are the bedrock of a healthy economy.

The number of “serial churners,” or cost-savvy customers who hop between streaming services, is on the rise.

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.

Federal aid application woes mean Michigan families are contemplating college decisions without crucial information: How much it will cost.

The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.

April is Financial Literacy Month, and starting with 9th graders in 2024, a half-credit personal finance course is required for high school graduation in Michigan.

Behavioural finance studies the role our emotions can play in investment decisions, and can help us better manage those decisions.

Behavioral finance is the study of the influence of psychology on the behavior of investors or financial practitioners.

For more check out: https://www.millionstories.com/ 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. Watch more compelling stories & access free resources at https://www.millionstories.com/ Don't forget to follow us so you never miss an episode: #MillionStories Instagram: https://www.instagram.com/millionstoriesmedia/ Twitter: https://twitter.com/millionstories Facebook: https://www.facebook.com/millionstoriesmedia

For more check out: https://www.millionstories.com/ 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. Watch more compelling stories & access free resources at https://www.millionstories.com/ Don't forget to follow us so you never miss an episode: #MillionStories Instagram: https://www.instagram.com/millionstoriesmedia/ Twitter: https://twitter.com/millionstories Facebook: https://www.facebook.com/millionstoriesmedia

Question of the Day for your personal finance classroom: What is the average amount of time between a job interview and receiving an offer?

Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor.

More young people are opting out of traditional college and opting into vocational programs.

Question of the Day for teachers and students (Updated): What 3 jobs are projected to be the fastest growing over the next decade?

Housle game

This graphic illustrates the biggest stock markets by country, providing a unique breakdown of $110 trillion in valuation.

So-called point-of-sale donations have sharply increased in recent years, bringing in hundreds of millions a year. But the requests to "round up" your bill for charity have really taken off.

New York placed strict restrictions on short-term rentals last year. Rents still remain high, and some former hosts are frustrated. Meanwhile, Airbnb rentals in New Jersey are booming.

Student loan repayment can feel a bit overwhelming. Fortunately, we offer different repayment plans that are designed to meet your needs. Whether you prefer ...

Striving to get into the fanciest college might not be the best choice

Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.