experts
Student loan forgiveness: Americans are divided on how it will affect the economy, but here’s what the experts say
President Biden had hoped a massive student loan forgiveness program would be one of his signature achievements, but the courts have blocked his plan to forgive up to $10,000 of federal college debt for millions borrowers (and up to $20,000 for Pell Grant recipients). Holiday expenses: Get the best holiday shopping and savings tipsTake a …
The personal savings rate of Americans has reached its lowest level in 17 years. Experts explain why and offer 3 strategies to increase your account balance
New data from the Bureau of Economic Analysis (BEA) has revealed that Americans are slowing their savings, despite an increase in their income. Personal income rose $155.3 billion (0.7%) in October, according to the bureau’s estimates, and personal disposable income (DPI) rose $132.9 billion (0.7%) . The downside: increased income has not translated into greater …
Home prices are falling again: what the experts say
House prices fell for a third straight month in September amid a rapidly cooling housing market. The longest streak of monthly declines in a decade is due to a soaring mortgage rateswhich were encouraged by the Federal Reserve in order to stop inflationary pressures throughout the economy. As a reminder, the S&P CoreLogic Case-Shiller National …
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Should you sell your shares during a sell-off? Market advice from experts
When the going gets tough in the stock market, even some of the toughest investors cover their eyes. Conventional investment wisdom dictates that you should never make emotional investment decisions. This is especially true on days when the markets are crashing and the tendency for investors is to cut their losses. Research shows that it’s …
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I am a new widow. Which experts should I consult?
The loss of your spouse can be a critical time in your life, during which you will need the support of friends and family and lots of time to heal. You’ll also want to rally a team of trusted experts who can help a new widow through new and probably undesirable territory. You may already …
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3 things personal finance “experts” get wrong
Image source: Getty Images Sometimes emotionally satisfying counseling isn’t as financially sound. Key points Academic economists have different opinions than personal finance gurus when it comes to Americans and their finances. It’s common to hear that your savings rate should be stable throughout your life, that you should avoid variable rate mortgages, and that you …