COVID-19 has changed the day-to-day lives of millions of people and the vast majority of Americans are affected by social distancing measures to stop the spread of the disease. At the same time, equity markets have been volatile, and many people are out of work, at least temporarily.
One of the most pressing questions that many are
It’s the first full week of a new year, which serves as an ideal time to take stock of our financial health and, in many cases, make a plan for how to save more money.
Last year, NBC News BETTER consulted experts to learn what steps one could take
About 48% of those surveyed consider this achievement a sure sign of success.
How do you define success? When Northwestern Mutual conducted its 2019 Planning & Progress Study, it asked people to pick five attributes that they feel are signs of success. The top two answers came as no surprise: spending quality time with family and being
Employees who used their financial wellness program regularly improved in all areas of financial planning, with the greatest level of improvement in retirement preparedness, according to a new study from Financial Finesse.
In 2013, 21 percent of participants included in the study indicated they were prepared for retirement. By 2018, that number rose significantly to 57 percent.
The
The lack of financial understanding by consumers has been signaled as one of the main reasons behind savings and investing problems faced by many Americans. To that point, a variety of financial research and reports have made it clear that we, as a country, need to focus on financial literacy.
Low unemployment and the stock market’s record breaking run have yet to translate to higher pay for American employees. And with employers still reluctant to raise wages, the old saying “it’s not what you earn, but what you save” is becoming ever more prevalent.
But saving money for most people is a challenge. One in three
Dan Ariely’s job is to figure out why you won’t pay attention to perfectly good financial advice such as spending less and saving more.
Mr. Ariely is a professor of psychology and behavioural economics at Duke University in North Carolina and a co-founder of Toronto-based BEworks, a management consulting firm that uses behavioural science
Take a look inside any successful, growing company and you’ll see that the business owner or CEO has spent countless hours on thoughtful, detailed planning to get there. As part of the overall business plan, they’ve also put people and systems in place to sufficiently manage the company’s financial health. Without knowing
Millennials, the generation born between the early 1980s and the mid-to-late 1990s, make up about one-third of today’s U.S. workforce. They are better educated than previous generations, with a greater proportion of them possessing a college degree. Because they have lived through the Great Recession, they are more risk averse. They are also more likely
Many of us tend to focus on today’s financial needs, and bury our heads in the sand when it comes to thinking about saving. Retirement, in particular, can seem such a long way off, while in the present there are so many pressing demands on our money: a new car, house maintenance and improvements, as well