The reality is that credit cards aren’t going anywhere, and that they play a large role in determining your credit score – a critical factor when it comes to getting the lowest possible interest rate on your mortgage or auto loan. Heres's 3 myths about credit cards that you need to know.
A report by the JPMorgan Chase Institute explains why it’s so difficult for families to plan for their monthly expenses. The problem arises because household expenses fluctuate by nearly $1,300 or 29% month-to-month. This makes planning hard because spending patterns are nearly unpredictable.
Suicides increased by 30% in the last two decades “perhaps correlated “with the rise economic distress from mortgage defaults and rising unemployment before and after the recent recession of the early 2000s and the financial crisis, the study notes.
But in the decade since, it has not abated
Good news for all recipients of Social Security retirement income, you will be getting a small raise in 2020. The cost of living adjustment for Social Security will be 1.6% in 2020 for the nearly 69 million people receiving Social Security benefits.
After reviewing your bank’s fees, you may decide to look for greener pastures. Fortunately, there’s a growing number of alternatives to the traditional high-fee bank. Each has their own unique set of pros and cons, depending on your needs: