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...
The concept of index investing goes back more than 40 years. Since its debut, there has been a constant debate between active equity management and more passive styles. Most money managers can’t beat the markets consistently, leading many investors to index...
When starting out, most people make a lot of wrong decisions regarding their finances. And in some cases, unfortunately, these financial mistakes could lead to significant economic hardships. That said, the following article takes a deep dive into some of the most...
A 529 plan is a college savings plan that encourages saving while also offering financial aid and tax benefits. Also known as a qualified tuition plan, 529 plans can be a very smart way to put money aside for your children so that they are able to utilize it in the...
