Reports

The optimal income for life satisfaction in North America is $105,000 per year. That’s according to a 2018 study conducted by researchers at Purdue University on more than 1.7 million people, in every region of the world. Whatever you make beyond that level is not associated with greater life satisfaction. ...

Although baseball is America’s favorite pastime, a close second could be shopping. The average American spends around $161 per month on clothes and accessories, according to CreditDonkey.com. Women spend nearly 76% more than men do per year, and the average family of four spends around $1,800 per year on clothes, ...

The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015. But there’s probably less here than meets the eye. About half the GDP gain came from a surge in ...

When was the last time you went shopping and came home with only what you set out to buy? It’s rare. More likely, you went shopping and ended up with a few other things not on your list or you ended up spending a little more than you budgeted. How ...

In January 2018, two significant market events occurred nearly simultaneously. Major U.S. stock market indexes peaked and volatility indexes extended one of their longest streaks of low volatility in history. Investors were happy, complacency ruled the day and all was right with the world. Then markets were turned upside down ...

In case you missed part I yesterday, I was talking about Elizabeth Warren’s new plan to erase outstanding college debts for roughly 45 million Americans and then make college “free” for everyone going forward. Now, there’s no doubt that spiraling college costs – and a rapidly-growing pile of student loan ...

Free college tuition. It became famous as one of Bernie Sanders’ biggest campaign promises last time around. And now the same idea is starting to rear its head again ahead of 2020… Only this time it’s starting with Elizabeth Warren and a new plan to forgive up to $50,000 in ...

Last week, I talked about a new way that Congress might hurt lots of Americans who have used IRAs to save lots of money and I said this was just the latest in a long list of transgressions against well-prepared retirees. If you happen to be a Baby Boomer with ...

If you’ve been following the news lately, you’ve heard that popular ride-hailing app Uber is planning to go public. Uber is reportedly seeking to raise about $10 billion in a deal that could value the ride-hailing giant at $100 billion. Experts predict it could be one of the biggest IPOs ...

Your monthly Social Security benefit is determined by your age when you begin taking it and your lifetime earnings. Only annual income up to the maximum taxable earnings is counted, which includes money you put into a 401(k) plan. For 2019, that maximum is $132,900. The longer you wait to ...