Is Dealing With Debt is Harder Than Ever?
With so many feeling financially squeezed, living in debt has become common. As inflation is looming, consumer confidence continues to remain low, and debt grows, with increases in all 50 states by at least 5% on average. A look at the average debt by generation revealed that Gen Z has seen a nearly 30% jump in average debt balance, the highest of all groups. According to the Federal Reserve, household debt in American hit a record in the spring of 2021 at $14.6 trillion. That's an increase of over 6% and the highest annual growth jump in over a decade. In a 2021 CNBC report it says the average American has $90,460 in debt, which included all types of debt products.Read full story
How Location Could Be Your Best Move Financially
New York city - Aerial view of buildingsFernando Gonzalez. While there are financial benefits and a few drawbacks to consider, the advantages to leaving the big city may outnumber reasons to stay. The city offers many conveniences, but typically come with a cost, and there's never been a better time to making the move if considering.Read full story