Millennials are also all dealing with life events at different times as well - from buying a house to getting married, some did it before the recession and some after. As a result, even some older millennials can still be behind. Plus, older millennials who may have started the recovery ju...
With everything from the mortgage to soccer cleats to an unexpected car repair taking a bite out of your paycheck, saving for retirement may fall by the wayside. Fidelity suggests having the equivalent of your annual salary saved as a nest egg at age 30, twice your salary at age 35, ...
What happened during the subprime mortgage crash? What flaws did Elan discover in universal life insurance? What does a “lapsed policy” mean? What was happening to 9 out of 10 of these universal life policies? What about dividends?
If you are a demographic economics nerd – and why else would you be reading an article on average millennial income? – you have probably read headlines like these. “Young adult households are now earning more than ever before.” “Are Millenials on track to become the richest generation?”...
While there is a somewhat of a correlation between net worth and income, it's not always true that higher income = higher net worth. For example, a young family with student loans and mortgage may have low net worth despite good incomes. Retirees have low income, but have accumulated a...
Add on the tax benefits for mortgage interest deduction and owning a home through a mortgage becomes very beneficial for higher income earners. The Average Net Worth For The Above Average Person Below is the end result. It shows the average net worth for the above average person by age and ...
I am a strong believer that each spouse shouldsave and invest as an independent man or woman. Breakups happen all the time so it is imperative we count on nobody, not even the present love of our lives for financial survival. At the same time, there is no need to have double the pr...
TESLA will be proved to be a wealth-detroyer of unprecedented magnitude – “hopium” of the worst sort, “delusional thinking” at its best. [Alternatively – with DEMS in the White House, Senate and House come next January – will the U.S. T...
decisions based on what everyone else is doing. Remember that this data is a view of American’s net worth, their income, etc. It’s not meant to paint the picture of an ideal financial situation. The average credit card debt is still five figures and no one is arguing that’s a ...