Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.| CNBC
On the average net worth by age and education and why you need both for proper financial comparisons.| Of Dollars And Data
On the rise of the upper middle class and the problems that came with it.| Of Dollars And Data
Learn how net worth by age and net worth percentile by age compare across Americans, how to calculate yours, and tips for maximizing it.| Crushing REI
Our team compared the student debt rate with American yearly earnings to discover which income brackets hold the most student debt.| Education Data Initiative
As older homeowners approach retirement, financial stability and consistent cash flow becomes a top priority. Many retirees seek innovative ways to supplement their income, cover unexpected expenses, or achieve their desired quality of life. A reverse mortgage has emerged as a valuable retirement tool for homeowners aged 62 and above. Unlike traditional mortgages, a reverse […]| Mutual of Omaha Reverse Mortgage
This analysis looks at how the 2021-22 inflation shock affected households based on their exposure to nominal assets and nominal liabilities.| www.stlouisfed.org
In past posts, we’ve looked at movement in household assets such as pensions and direct holdings of stocks and household liabilities such as home mortgages and consumer credit. Today, we look at how unexpected inflation can affect the value of these household assets and liabilities.| FRED Blog
We estimate President Biden’s newly proposed Income-Driven Repayment (IDR) Plan will cost between $333 to $361 billion over the 10-year budget window, more than twice as much as the cost estimate released by the Biden Administration. These costs are in addition to the one-time cost of direct loan fo| Penn Wharton Budget Model
If you're looking to become a decamillionaire and join America's richest 1%, there's an important mindset you need to understand first.| The Kickass Entrepreneur
Through 2045, baby boomers will deliver the great wealth transfer via inheritances; however, distribution of this wealth will be greater for some than others.| Money Digest
Here are some of the key measures of the housing affordability crunch in the United States and the reasons behind it.| Pew Research Center
On the pros and cons of alternative investments and whether you need them in your portfolio.| Of Dollars And Data
Most U.S. young adults are at least mostly financially independent and happy with their parents' involvement in their lives. Parent-child relationships are mostly strong.| Pew Research Center
Disparities in wealth distribution by age have slightly narrowed since the beginning of the pandemic. This change was likely driven by expanded ownership of financial assets among younger Americans.| Liberty Street Economics
Wealth disparities between Black, Hispanic, and white households have been exacerbated since the pandemic, likely due to rapid growth in financial assets more often held by white individuals.| Liberty Street Economics
In 2019, 53% of families were invested in the stock market. While publicly traded stock comprises 24% of the wealth of white, non-Hispanic families, it makes up 13% of Black wealth and 10% of Hispanic wealth.| USAFacts
Everybody wants to become a millionaire. Unfortunately, not everybody's chances of becoming a millionaire are the same, partially because the playing field is not even. This article looks at historical data on your chances of becoming a millionaire by race, age, and education. Getting to at least one million dollars in net worth is a| Financial Samurai
The Federal Reserve Board of Governors in Washington DC.| www.federalreserve.gov
The Federal Reserve Board of Governors in Washington DC.| www.federalreserve.gov
Developments in household wealth also explain why some are dissatisfied with their finances.| People's Policy Project
Building wealth slowly works.| A Wealth of Common Sense