The economy is in a recession when companies cannot make sales, and its growth is not as strong as it should be. The stock and real estate market decline can cause people’s savings and retirement accounts to lose money. Although a recession is inevitable,...
Most people don’t consider finances when they talk about empty nest syndrome. Yet the financial aspect is arguably one of the most important conversations to have. It’s not always the best idea to spend money on unnecessary items when the kids leave the...
Social Security is a critical part of a person’s retirement income, but it is often misunderstood. It is difficult to understand what Social Security will provide for you in the future because it is a complicated program. The most important thing you should...
When individuals are trying to establish or improve their credit, they may not be aware of all of the different types of credit available to them. There are three different types of credit, and to achieve the highest credit score possible, consumers need to have the...
After joining World War I, the US Government created the consumer price index (CPI) in 1917. Food price data was used to calculate the CPI beginning from 1913, a four-year period. From 1913 to 1919, inflation was uncontrollable, resulting in a collective total of...
Credit card debt has snowballed in the U.S. in recent decades. The average household now carries over $10,000 in credit card debt, among other debts, and many people struggle to make even the minimum payments due each month to service the debt. Credit card debt can be...