Monthly Archives: August 2019

New Survey Reveals the Most Popular Types of Investments

In a recent survey conducted by Bankrate, respondents were asked the simple question: What is your preferred type of investment for money that you won’t need to access for at least 10 years? The answer is somewhat surprising. Despite the bursting of the housing bubble a decade ago that was a primary cause of the […]

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Emergency Savings Accounts: How Much Money Do You Need?

Fewer than half of Americans have enough money saved to cover an unexpected expense that costs $1,000, according to a survey conducted by Bankrate. This isn’t too surprising when you consider that almost 60 percent of Americans have less than $1,000 in a savings account, according to a separate survey conducted by GoBankingRates. Statistics like […]

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What You Should Know About the Equifax Settlement

It has been nearly two years since the massive Equifax data breach occurred. On September 7, 2017, credit reporting bureau Equifax reported that sensitive personal information belonging to 143 million Americans had been exposed to hackers.  The Equifax data breach remains the largest breach in modern history. This includes the data breach that was recently […]

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Interest Rate Watch: Fed Cuts Interest Rates, Signals More Cuts Could Be Coming

On July 31, the Federal Reserve did something it hasn’t done in more than a decade: cut interest rates. In an effort to head off the possible negative effects of a global economic slowdown and growing trade tensions between the U.S. and some of our major trading partners, the Federal Open Market Committee (FOMC) lowered […]

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