Category: Personal Finance Infographics
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Why are Millennials Postponing Buying a Home?
American millennials aren’t buying the same number of houses that previous generations have bought before them. This demographic group isn’t visiting open houses or searching property listings online for their dream home. In the wake of recession and slow recovery, the homebuying rate of millennials has decline to a 30-year low. What’s caused this drop…
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How Retired Americans Rely on Social Security Income
Social Security is becoming the last source of secured life-long income for many American retirees. Around 59 million US citizens were getting their retirement pension, disability or survivors’ benefits from this social welfare program. Yet countless seniors and families have difficulties paying out their monthly bills from payments they receive from Social Security Administration. Here’s…
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How Much do Americans Spend on Halloween
American shoppers are so wild about trick-or-treating and other Halloween traditions. Probably because it is a fun and fairly affordable holiday compared to Christmas and Thanksgiving. So how much do Americans spend on Halloween? U.S. consumers are projected to spend more than $8 billion in costumes, home decor, candies, pumpkins and other shopping list this…
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Minimizing Student Loan Debt for Millennials
College debt runs deep among the older millennial generation. Student loans today represent the next largest form of consumer debt following mortgages, even going above credit card debt. In the past few years, the average student loan debt for millennials has exploded to $37,172 per college student. While Gen Y borrowers have a financial options…
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Why Do Credit Scores Differ?
Your credit score reveals how likely you can pay off your debt. Lending companies and banks sourced the rating from credit bureaus to figure out who can be granted with a loan, on what interest rate as well as how big based on credit limit. Creditors do this to assess the potential risk of borrower…
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Investing in Penny Stocks for Beginners
Investors generally classify penny stocks as commonly under $5 dollars per share. Small public companies with unstable financial track records usually issue penny stocks, which makes the investment high risk to buy in nature. However, these securities has the appeal of high returns and low in valuation, which means that even a new investor can…
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Insurers Going Digital: The Future of Insurance
Indeed, the internet and the evolving digital technologies has disrupted various industries including insurance’s traditional business model. Digital insurers must improve traditional insurance by using the online model on product design and services. The basic digitization of active insurance processes that allow quotes to go directly on processing could boost operating profit margins. Here are…
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What Happens To Your Tax Return Once You File It
When American taxpayers file their tax return to the Internal Revenue Service, they submit their figures and calculations for evaluation by the people and computers of the agency. They’ll get an audit flags when the IRS examiners discover a miscalculation or discrepancy which will be subject to longer and thorough review. Take a look at…
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The Evolution of Retirement
With life expectancies getting longer, the rate of retirement for men above 64 years of age has gone up significantly. Unlike Baby Boomers, Gen Xers and Millennials will need more to sustain their standard of living in their retirement years. Comparing past and recent statistics, the infographic below reveal the changes in the attitude of…
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A Day in the Frugal Life of a Savvy Money Saver
Frugality in its entirety is a lifestyle. It is a chosen way of life that more and more consumers are taking on in order to pay their debt or save money on more important things. By making the choice to live frugally, you are making a choice to be wiser about your money, expenditures and…