Netflix’s ‘Get Smart With Money’ Brings Personal Finance To Reality TV

Font size U.S. households are known for being financially vulnerable, with 36% in 2020 saying they would struggle to cover a $400 emergency expense. A recent survey by PYMNTS and LendingClub found that 61% of Americans live paycheck to paycheck, including 36% of consumers who make $250,000 or more a year. There’s plenty of debt … Read more

Oil falls below $80 a barrel

Listen to article (2 minutes) US oil prices fell below $80 a barrel for the first time since January, swept by mounting fears of a global recession and a rapidly strengthening US dollar. West Texas Intermediate crude oil futures fell 5.7% to close at $78.74. The main oil price in the US is down about … Read more

How to manage your finances when inflation is high, interest rates continue to rise and research shows women’s financial well-being dips to its lowest level in five years

Hi, MarketWatchers. Don’t miss these top stories. ‘No wonder consumer confidence has fallen’: Women’s financial well-being plunges to lowest level in five years, study finds Only 14% of women say they are prepared for a recession, compared to 30% of men, according to a survey by Ellevest, an investment platform for women. read more Weekend … Read more

‘Housing market may have to go through a correction’: Mortgage rates hit 6.29%, says Freddie Mac

The numbers: Mortgage rates in the US continue to rise, driving potential homeowners hundreds of dollars in costs. The rise in mortgage rates followed the Federal Reserve’s hike in interest rates to address the worst inflation the economy has faced in 40 years. The 30-year fixed-rate mortgage averaged 6.29% on Sept. 15, according to data … Read more

How advisors can help clients improve their credit scores

Research from Elevate shows that 15% of people with a non-prime credit score earn an individual income of more than $100,000 per year. In addition, new data from CreditCards.com shows that while credit card debt is most common among the lowest earners, 37% of those who carry a monthly balance earn at least $100,000 annually. … Read more

World’s central banks race to raise interest rates after Fed hike

Updated September 22, 2022 12:31 PM ET Listen to article (2 minutes) LONDON — Central banks around the world responded to the Federal Reserve’s aggressive rate hikes with a wave of its own measures to combat the effects of a rising dollar and rising inflation. Many raised interest rates at higher-than-expected margins on what analysts … Read more

‘She never explained anything’: I’m an elderly person and I lost $100,000 in the stock market this year. Can I sue my financial advisor?

I am an elderly person and have suffered huge losses of $100,000 in the recent stock market turmoil. Can I sue my financial advisor? I understand the dynamics of the market to its ups and downs, and have ridden them before. However, in this time frame, things have been different with the market as far … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

The number of millionaires worldwide will nearly double by 2026 and the US economy is losing billions of dollars a year due to the sharp decline in the number of refugees

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is ‘biggest generation’ and calls baby boomers ‘disappointing’ “Boomers will go down in history as the most disappointing generation ever,” Cuban said. read more Which recession? The number of millionaires will almost double worldwide by 2026 And China will add more millionaires than … Read more

Fed’s third consecutive 0.75-point rate hike expected

The Federal Reserve is expected to approve its third consecutive rate hike of 0.75 percentage point on Wednesday, as it signals plans to raise the benchmark in the coming months and keep it above 4% to fight inflation. Investors see a small chance of a larger interest rate hike of a full percentage point or … Read more