personalfinance
Private equity was noticeably left out of retirement savings portfolios for many years. A 2020 Department of Labor ruling changed that when it clarified that private equity was an acceptable form of investment in retirement savings plans. Due to the high reward potential of private equity and venture capital investments, the popularity of these types of investments has grown in recent years. When you invest in private equity, you are investing in private companies with the goal of improving their value over time. Usually, it’s not until a larger company buys the company or goes public that you...
Due
As Latin America’s economic outlook becomes increasingly uncertain, the region’s youth are gripped by growing financial fears. According to a recent Statista report, personal finances and income stability have emerged as top concerns for young people across the continent. This anxiety is compounded by the International Monetary Fund’s (IMF) latest economic projections, which highlight the potential resurgence of inflationary pressures and escalating social tensions. Despite decades of progress, poverty and inequality continue to loom large, further exacerbating the financial worries of Latin A...
Invezz
A new report from the Organisation for Economic Co-operation and Development (OECD) reveals a troubling trend: approximately half of its member countries have experienced a decline in real earnings since the Covid-19 pandemic began. This earnings dip underscores the broader economic challenges many countries face, with inflation and shifting labor dynamics straining incomes and reducing purchasing power across the globe. Pandemic’s lasting impact on real wagesThe COVID-19 pandemic disrupted nearly every aspect of daily life, with significant consequences for financial stability. While some sec...
Invezz
Auto insurance premiums are rapidly increasing again, putting a significant financial strain on millions of Americans nationwide. A new report from Insurify, an insurance comparison platform, reveals that the average annual cost of full-coverage auto insurance in the United States skyrocketed to $2,329 in the first half of 2024. This represents a 15 percent increase compared to 2023 and a staggering 48 percent surge since 2021. The report predicts that this upward trend will continue, with the average cost reaching $2,469 by the end of 2024. Several factors have contributed to the sharp increa...
IBTimes
According to a recent Gallup poll, 62 per cent of adults in the Unites States currently own stocks, which represents the highest percentage since 2008. While stock ownership is frequently regarded as an important component of economic participation and progress, the distribution of stock holdings tells a different tale, indicating growing wealth gaps among Americans. The advantages of stock ownership can be enormous, allowing individuals to build their wealth over time. However, the distribution of stock ownership in the United States reveals a significant mismatch. According to Gallup’s resul...
Invezz
Longtime Redfin CEO Glenn Kelman said in the latest company Q2 earnings call with analysts that if mortgage rates don't keep falling, Redfin's "Plan B is to drink our own urine or our competitors' blood, stay in the foxhole." Redfin's revenues for the quarter ended June 30 beat analyst estimates, jumping 7% year-over-year (YoY) to $295.2 million. The stock price climbed over 12% yesterday to close at $7.55 per share. However, analysts focused on mortgage rates, which continued its decline to reach a 15-month low this week. Kelman highlighted that it is pretty confusing that homebuyers are not ...
IBTimes
In the vibrant city of Portland, Oregon, Laura and Samuel Graves never imagined they'd be raising their two children in a small apartment rather than a home of their own. Despite a combined annual income of $250,000, this couple finds themselves stuck in a frustrating cycle of house hunting without success. The rising costs of homes and soaring mortgage rates have forced them to reconsider what was once a simple dream of homeownership. The Struggle for Affordable Housing in PortlandLaura, a financial analyst, and Samuel, an electrician, both 36, have been diligently searching for a home in the...
IBTimes
Thirty two-year-old Ryann Checchi is gearing up to travel to Lisbon, Porto, and Barcelona on Sunday - even though she can't afford it. The PR professional explained that she feels justified in taking the trip despite her financial limitations, claiming she "needed it — mentally more than anything." "I needed something to look forward to, and that alone justifies it for me," the Phoenix resident added. "I'd rather be on a budget for a month when I get home, if needed, for a lifetime of memories with girlfriends and happiness." Checchi isn't alone. A Bankrate survey revealed that 36 percent of A...
IBTimes
Weddings can be costly - and while the internet is teeming with countless cost-cutting tips, one couple took a decidedly unconventional approach to reducing their wedding expenses: charging their guests. To alleviate the financial burden of their wedding, newlyweds Nova and Reemo Styles took an innovative approach: They treated their nuptials like a concert and charged guests an attendance fee. This actually sounded like a good idea on paper, considering that the average wedding now costs tens of thousands of dollars. "The biggest price tag is typically the venue, which accounts for about 37% ...
IBTimes
A freelancer who ceased contributing to her 401(k) plan after losing her employer match opted to contribute to a taxable brokerage account instead, seeking greater flexibility. She explains her reasons for this life-changing shift. Leslie Quander Wooldridge, an expert in her field who has reached millions of readers with her writing, editing, consulting, and coaching, halted retirement plan contributions in 2019. Ironically, she is a strong proponent of planning for the future. Wooldridge even went out of her way to help others understand the importance of investing. She openly discussed her r...
IBTimes
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