People all over the country are struggling with a serious dilemma: They’re trying to get out from underneath a mountain of consumer debt, which just hit a total of $13 Trillion in the US at the end of 2017. Simultaneously, they’re woefully behind in planning for retirement as nearly half of Americans have less than […]
What’s the latest on trade? We have certainly discussed trade regularly on Money Monday in recent months, but in the last few weeks are beginning to see the effects of trade tensions resulting from some of President Trump’s protectionist policies. On Friday, General Motors warned that the next round of tariffs the White House is […]
YOU ARE JOINING US TODAY TO TALK ABOUT CRYPTOCURRENCIES. LET’S START WITH THE BASICS: WHAT ARE THEY? A cryptocurrency is a digital or virtual currency that uses encryption to secure and verify transactions and control and track the creation of new units of the currency. These currencies exist entirely online – there is no cash version of […]
Last week, after a lengthy regulatory battle including a 6-week trial, a federal judge approved the mammoth $85 billion merger between AT&T and Time Warner, a deal that will likely have significant impact on the media industry. But, is the mega merger a good thing or a bad thing for consumers? WHY DID […]
CONSUMER DEBT IS ON YOUR MIND. WHY? While we have been paying a lot of attention to the good economic news in recent months – low unemployment, the continued bull market, lower taxes – we have also seen consumer debt growing at a rapid clip. According to a recent report by Lending Tree, the […]
Why is it important to talk to kids about money while they are still young? We know that children learn about money and adopt financial habits from their parents. A new survey out from Chase reinforces this fact, finding that around two-thirds of Americans say their family or parents influenced their savings and spending […]
YOU JOIN US TODAY TO DISCUSS A SURVEY ABOUT COLLEGE SAVINGS. WHAT DOES IT TELL US? According to Sallie Mae’s 2018 report, How America Saves for College, parents are making progress when it comes to saving for their children’s college education. The report was based on a survey of more than 2,000 parents of children under […]
HOW BIG OF A PROBLEM HAVE FINANCIAL SCAMS BECOME? According to a report released by the Federal Trade commission, there were an astounding 1.1 million fraud reports in 2017. Now, of those 1.1 million reports, 21% of those people reported a financial loss. And get this, the aggregate reported loss attributed to those complaints were a […]
TODAY WE ARE TALKING ABOUT THE APRIL JOBS REPORT. WHAT DID WE LEARN ON FRIDAY? The economy continues to be strong, and companies are continuing to hire workers. According to the Bureau of Labor Statistic report last week, the economy added 164,000 new jobs last month, and the unemployment rate dropped to 3.9%, the lowest […]
YOU JOIN US TODAY WITH SOME ADVICE ABOUT THAT REFUND CHECK FROM UNCLE SAM. WHAT’S ON YOUR MIND? Every year, about 8 in 10 Americans who file their taxes receive tax refunds. But a much smaller percentage of us put this money to good use and improve our personal finances. Today, I want to go […]
In many parts of the country, it’s finally starting to feel like spring! And while many people think of this time of year as the right time to spruce up their homes, it can also be the right time to do some spring cleaning on your finances! WHAT ARE SOME OF THE FIRST STEPS WE […]
You are here this morning to talk about a very interesting factor affecting the financial behavior of many Americans. What is it? We all have heard that phrase keeping up with the Jones’, but not many of us give much thought to how this phenomenon has changed in our era of ubiquitous technology and connection. […]
