13. What percentage of US wealth is managed by millionaires? (Source: Federal Reserve) According to the Federal Reserve, the top 10% in the US own 69.6% of the nation’s wealth. If you need a clearer example offinancial inequalityyou just need to know that around a third of the US we...
A money market account can be opened directly at a bank or credit union, or via online banking and credit union platforms. Money market accounts are back in vogue, and annual percentage yields above 4% on MMAs at relatively low minimum deposit levels are a big driver of that trend. Given...
How Much Should You Invest in Dividend Stocks? Your risk tolerance, investing time frame and income needs will determine the portfolio percentage to allocate to a dividend strategy. Remember, dividend stocks are not bonds, which guarantee the return of your principal (barring a default). Like any...
I feel as though many Americans live beyond their means; then complain about the debt. I’m so tired of people not taking responsibility for their actions, and they always use the government to bail them out. 0 Reply Bearded Money Guy 7 years ago I’m pretty amazed that $90k gets...
Prime credit scores generally range from 740 to 850, and individuals with these scores are considered to have excellent creditworthiness. They have a higher likelihood of being approved for loans, credit cards, and mortgages at favorable interest rates. States with a higher percentage o...
There is a similar story on the other side of the Atlantic, where inflation rose to 3% last month - but by a much smaller margin. The US saw an increase of 0.1 percentage points compared to 0.5 in the UK. Meanwhile, price rises have remained steady in France and...
your 401(k) contributions that you own outright. Your contributions are always vested immediately but your company might require you to stay at your job for a set number of years to get 100% of the matching contributions. If you leave early, you could forfeit a percentage of that money. ...
Banks and credit unions often quote your rate as an annual percentage yield (APY), which helps you gauge your potential earnings and compare different accounts more easily. Money market accounts also have a variable rate, which means your earnings can rise or fall if market rates change. So,...
The personal savings rate is the percentage of disposable income that goes into savings for retirement or other goals. For several months in 2005 and 2006, the average personal savings rate dipped into negative territory for the first time since 1933.2This means that Americans spent all of their ...
Cash Drag: To maintain liquidity and the ability to accommodate withdrawals, mutual funds typically have to keep a larger percentage of their portfolio as cash than other investors. Because this cash earns no return, it's called a "cash drag." ...