2022 Updated Federal Survey: Net Worth by Age (Median) ( sh.itjust.works )
cross-posted from: sh.itjust.works/post/7528778...
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cross-posted from: sh.itjust.works/post/7528778...
The average retirement age in the U.S. is 61, according to a 2022 Gallup survey. But the target age for retirement is 66.
Baby boomers anticipate that 47% of pre-retirement earnings will be replaced by Social Security, according to results of an annual survey from the Nationwide Retirement Institute. But the reality for someone making what the Social Security Administration considers the average wage in recent years, about $60,000, is more like...
About 36% of U.S. adults say they have less than $1,000 in their savings accounts....
cross-posted from: lemmy.crimedad.work/post/12162...
More than 1 in 4 car shoppers in Texas and Wyoming have committed to paying more than $1,000 a month, and experts say it is due to the high volume of large truck purchases in those states, according to a report by auto site Edmunds....
The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.
Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.
I wasn’t aware of this until now, probably because I never needed it. But if you’re usually a good, on-time tax filer, but you forgot this year for some reason, you can apply to get fees waived....
Here’s an archived version of the page....
I like to review my financial situation near the end of the year to prep for tax season, give to charity, etc. For any who cannot access the article or are too lazy, here are the things they recommend:...
They are keeping this quiet, but this affects 2.9% of US bank customers.