All articles tagged with #personal finances
Originally Published 22 days ago — by ABC7 Los Angeles
A $2.3 million Powerball ticket was sold in Oxnard, California, matching five numbers but missing the jackpot-winning number, as the jackpot grows to $1.6 billion after no recent big winner, with the next drawing scheduled for Monday.
Originally Published 3 months ago — by Forbes
Americans' confidence in the economy has declined due to concerns over rising prices and a weakening labor market, with consumer sentiment dropping to its lowest since May and increased worries about inflation and personal finances, despite recent spending increases and a stable unemployment rate.
Originally Published 3 months ago — by Bloomberg.com
US consumer sentiment dropped to a four-month low in September due to concerns over high prices and inflation, with consumers feeling financial pressure despite steady stock holdings among wealthier groups; inflation-adjusted spending remains strong, but economic challenges persist for policymakers.
Originally Published 2 years ago — by Yahoo Finance
A man in Cleveland going through a divorce is facing financial devastation as he struggles to pay off his truck and deal with mounting debt. His soon-to-be ex-wife wants him to take on an additional $15,000 of debt. Financial expert Dave Ramsey suggests creating a divorce agreement that is as close to a 50-50 split as possible and recommends selling the truck and the house to alleviate the financial burden. This game plan would leave the man with $35,000 in debt, a stable financial situation, and the ability to move forward and pay off the remaining debt over time.
Originally Published 2 years ago — by Yahoo Finance
A man in Cleveland going through a divorce is facing financial devastation as he struggles to pay off his truck and deal with mounting debt. With $65,000 in credit card debt, a mortgage, and negative equity on his truck, he is on the verge of financial ruin. Dave Ramsey suggests creating a divorce agreement that is as close to a 50-50 split as possible, selling the truck to eliminate the high monthly payment, and selling the house to protect his 401(k) and avoid potential mortgage issues. This game plan would leave him with $35,000 in debt and lower monthly payments, providing a more stable financial situation.
Originally Published 2 years ago — by Fox News
Some Americans defended House Speaker Mike Johnson after a report by The Daily Beast scrutinized his personal finances, suggesting that he lives paycheck to paycheck. The report highlighted that Johnson has never listed a bank account or any assets on his financial disclosures, leading to speculation about his financial situation. Supporters argued that Johnson's relatability and lack of corrupt practices make him a better representative for the average American. Critics pointed out the financial controversies surrounding other politicians and questioned the outrage over Johnson's financial status.
Originally Published 2 years ago — by Fox Business
DoubleLine Capital CEO Jeffrey Gundlach, known as "The Bond King," warned of a weakening US economy in 2024 and Americans entering a "death spiral" with their personal finances. Gundlach attributed this to excessive government stimulus leading to inflation and increased credit card spending. He highlighted indicators such as an inverted yield curve and plateauing unemployment rate as signs of potential economic weakness in the first half of next year. Gundlach also expressed concerns about high stock valuations and recommended fixed-income investments due to the favorable risk-reward ratio. He cautioned that a rise in the unemployment rate could signal an impending recession.
Originally Published 2 years ago — by Yahoo News
Former President Donald Trump, who is currently facing a bank fraud trial, displayed increasing frustration and anger during the third day of proceedings. Trump complained about the lack of a jury and expressed annoyance at not being able to hear the witness's testimony. The trial has revealed intimate details of Trump's personal finances, many of which have been deemed fictitious. Trump's real estate empire is at risk of being taken away, and New York Attorney General Letitia James is seeking to empty his bank accounts and remove him from the corporate world. Despite being ordered to stop launching personal attacks against the judge's staff, Trump continued to criticize James and accuse her of "election interference."
Originally Published 2 years ago — by CNBC
CNBC has released its fifth annual FA 100 ranking, recognizing the top financial advisory firms that help clients navigate their financial lives. The ranking takes into consideration factors beyond assets under management and aims to assist individual investors in finding the right financial advisor to meet their personal financial needs and goals. Working with a financial advisor is beneficial for anyone looking to improve their personal finances and set long-term objectives.
Originally Published 2 years ago — by USA TODAY
Americans say they would need an average annual salary of $233,000 to feel financially secure and $483,000 to feel rich, according to a survey by Bankrate. Only 28% of Americans feel completely financially secure, with factors such as high inflation, the economic environment, insufficient retirement funds, and high debt contributing to their lack of security. Interestingly, the survey reveals that the more money Americans make, the more they feel they need to feel financially secure. People may be adjusting their standard of living along with their salary, with many indicating they would spend more on vacations or home updates if they received a pay increase.
Originally Published 2 years ago — by The Associated Press
A new poll from The Associated Press-NORC Center for Public Affairs Research shows that personal finances are a major source of stress for about half of the lower income households in the U.S. About three-quarters of adults across income groups say their household expenses are higher now than they were a year ago, but those in households earning less than $100,000 a year are more likely than those in higher income households to say they also have higher debt. Those facing a combination of rising debt and expenses overwhelmingly say their financial situation is a major source of stress.