A weekly look at the news stories impacting your economy.
By Adam Damko, CFA
February 20, 2024
recessions ripple across the globe + january inflation runs hotter than expected
Both Japan and the United Kingdom reported consecutive quarters of negative economic growth, meeting the qualification for a recession.
By Adam Damko, CFA
February 5, 2024
the fed stays put + is remote work really better?
The Federal Reserve decided to hold interest rates steady yet again. Here’s what it may mean for potential rate cuts in 2024.
By Adam Damko, CFA
January 29, 2024
social media drives gen z’s money habits + looking for a new job? wait a few months
Gen Z’s finances are intertwined with social media, which comes with both benefits and risks.
By Adam Damko, CFA
January 22, 2024
how much $$ does it take to be happy? + loud budgeting
We explore two different studies in an attempt to answer the age-old question: “Can money buy happiness?”
By Adam Damko, CFA
January 16, 2024
love & money + america’s streaming exodus
Almost half of Gen Z thinks money is more important than a “romantic connection” in a relationship.
By Adam Damko, CFA
January 8, 2024
time for a financial health day + let's talk jobs
As we head into 2024, money experts recommend setting aside a financial health day to get your budget in order.
By Adam Damko, CFA
January 2, 2024
the spend now, retire later generation + the rise of the renting class
For Gen Z, spending on experiences > retirement saving. Here are three tips that can help you find balance in your finances.
By Adam Damko, CFA
December 26, 2023
my so-called retirement + the money talk
Gen X is significantly lagging when it comes to saving for retirement, averaging just $40,000 saved. But there’s a silver lining.
By Adam Damko, CFA
December 18, 2023
the cost of finding love is climbing + gen z is rewriting life's playbook
Would you pay $2,499 per month for a premium dating app? Finding love in today’s world is becoming exorbitantly expensive. This is apparent in the rising cost of paid dating apps.
By Adam Damko, CFA
December 4, 2023
hacking homeownership + every kid gets a portfolio?
Can “house hacking” help you secure your dream home? This new trend helps make buying a home more affordable by reducing the monthly mortgage payment.
By Adam Damko, CFA
November 27, 2023
gen z's dream job + how much $$ do you need to be happy?
Gen Z’s dream job is the one that they run themselves. The youngest generation has a growing infatuation with entrepreneurship — and is giving it its own twist.
By Adam Damko, CFA
November 20, 2023
navigating a broken housing market + the labor market, redefined
Today’s housing market has remained expensive for months and is driving would-be buyers to spend their money in other ways.
By Adam Damko, CFA
November 13, 2023
the modern-day commute + meet the “hermit consumer”
The rise of remote work has led to a decrease in commuting, impacting the availability of public transportation.
By Adam Damko, CFA
November 6, 2023
the real secret to financial security? + gen z’s new take on retirement
“Emergency funds” are a staple of good financial health. But here’s why it might be worth reconsidering how you approach your savings.
By Adam Damko, CFA
October 30, 2023
halloween spending hits a spooky high + it's a gig work world
Americans are set to spend $12.2 billion on costumes and candy this year. A phenomenon known as “revenge spending” is likely fueling this surge.
By Adam Damko, CFA
October 23, 2023
see who's taking retirement planning seriously + how much do you need to retire anyway?
Gen Z are ahead on investing and saving for retirement — with women leading the charge.
By Adam Damko, CFA
October 16, 2023
inflation wreaks havoc on dating + unwrapping shipping discounts
The high cost of living has made even the simplest dates more expensive. Here’s how Generation Z is responding.
By Adam Damko, CFA
October 9, 2023
the job-hopping generation + it's a FOMO economy
Job hopping comes with plenty of benefits — but easy retirement planning isn’t one of them. Here’s what you need to know about planning for retirement if you routinely change employers.
By Adam Damko, CFA
October 2, 2023
prenups on the rise + gen z & millennial financial woes
Prenups — previously reserved for the uber-wealthy — are becoming more commonplace among younger couples.
By Adam Damko, CFA
September 26, 2023
where remote work thrives + why are strikes surging?
As remote work gets more popular, many of America’s most iconic cities may be forced to adapt to better suit the changing workforce.
By Adam Damko, CFA
September 18, 2023
mini millionaires in the making + the secret to achieving more? trying less...
Ditch your child’s allowance and do this instead. A Roth IRA is has many benefits — particularly for younger investors.
By Adam Damko, CFA
September 11, 2023
Will they or won't they (return to office)? + new perk: repaid loans
84% of employees are staying in the office for less than six hours at a time. Surely, this has led to a productivity plummet… right?
By Adam Damko, CFA
September 5, 2023
gen z = active traders? + the millennial debt crisis
Gen Z is actively trading the stock market at a much higher rate than previously expected and more aggressively than previous generations.
By Adam Damko, CFA
August 28, 2023
decoding gen z's investment mindset + when your new job keeps hitting snooze
The average Gen Z investor puts quality of life above all else & is passionate about their beliefs, even if it means lower returns.
By Adam Damko, CFA
August 21, 2023
what do you want for dinner? + the do's and don'ts of interviews
With prices & options surging, the answer to “What do you want for dinner?” has never been harder. But it might be about to get a bit easier
By Adam Damko, CFA
August 14, 2023
the end of ultracheap goods + has america become an anti-hustle culture?
Consumer prices in China — the world’s second-largest economy — have slipped into a deflationary period for the first time in two years.
By Adam Damko, CFA
August 7, 2023
love and #financialtransparency + is college worth the cost?
Financial experts recommend setting a spending limit with your significant other. Doing so could help avoid finance-related marital strife.
By Adam Damko, CFA
July 31, 2023
are IPOs back? + PTO panic
Following successful IPOs from Cava and Oddity Tech, the US IPO market might finally be heating back up.
By Adam Damko, CFA
July 24, 2023
student loan déjà vu + new 401(k) rules
When they restart in October, student loans will feel like a 5% pay cut for most borrowers. Here’s how to prepare.
By Adam Damko, CFA
July 17, 2023
inflation cools (again) + buying nonperishables is going to cost you + 3 ways to beat the singles tax
Food inflation may be easing from its 13.5% peak a year ago — but one category of food remained up 12% in May.
By Adam Damko, CFA
July 10, 2023
what to know about student loans + the southern US boom
With the Supreme Court voting against President Biden’s student loan forgiveness plan, it’s time for borrowers to revisit their budgets.
By Adam Damko, CFA
July 8, 2023
employer vs. employee + diner frustration mounts
The rise of remote work comes with a complicated list of pros & cons. We’ve broken down the state of the US workplace.
By Adam Damko, CFA
June 26, 2023
high earners hit the dollar store + want to work downtown?
After a year of volatile prices, even America’s top earners are gravitating toward discount chains like Grocery Outlet & Dollar General.
By Bill Chen, CFA
June 24, 2023
inflation slows + what is wealthy? + the surprising resurgence of check crime
What if you could be wealthy without having much money? A new survey shows this aspect of life is more important to being wealthy than cash.
By Bill Chen, CFA
June 13, 2023
tips on tipping + should you store your cash in venmo?
Companies are leveraging two psychological biases to influence your tipping behavior. Here's what they are and how you can resist them.
By Bill Chen, CFA
June 5, 2023
how to haggle + hot restaurant summer?
Negotiating certain expenses can save you thousands of dollars. Use these 5 negotiating tips to score a cheaper price.
By Bill Chen, CFA
June 3, 2023
the remote work blues + more women working than ever before
Is remote work the reason 61% of Americans feel lonely? Remote coworking could be a simple way to stave off the remote work blues.
By Bill Chen, CFA
May 22, 2023
school of tok: money edition + no new rides?
A new trend on TikTok called #paydayroutine has inspired users to start sharing details about how much they make and spend.
By Bill Chen, CFA
May 20, 2023
inflation cools (again) + americans are strapped for cash + biden v. airlines
Thanks to a number of factors, the US personal savings rate is at a dramatic low, and 10% of Americans have no savings whatsoever.
By Bill Chen, CFA
May 8, 2023
bare minimum mondays + moving for the kids?
TikTok’s latest workplace trends suggest you prioritize self-care over productivity to start the workweek — but at what cost?
By Bill Chen, CFA
May 1, 2023
a penalty for good credit? + the rise of "succession" style
This new federal rule will implement a fee for high-credit borrowers applying for a mortgage. Here’s what you need to know.
By Bill Chen, CFA
April 29, 2023
layoffs mount + 3 ways to save at the pump + gen z's travel bug
With the price of gas poised to hit $4 in the coming weeks, here are a few tips that could help you save at the pump.
By Bill Chen, CFA
April 17, 2023
inflation cools + tax filing 101 + turmoil in the car market
In a win for consumers, inflation slowed for the 9th consecutive month, led by easing eggflation. But it's still double what it should be.
By Bill Chen, CFA
April 10, 2023
student loan ripple effect + are pets worth the $$ + gen z is over the workplace
The world is more expensive now than the last time you were required to make a payment. Here’s how to prepare your budget.
By Bill Chen, CFA
April 3, 2023
a nation divided (by real estate) + inflation = overspending + a mill to retire?
The US housing market is divided right down the middle, with East Coast markets experiencing price growth, while western markets suffer.
By Bill Chen, CFA
March 27, 2023
unredeemed rewards + expensive child care's economic impact + Twitter's ad dilemma
A whopping 23% of Americans might be leaving money on the table by not redeeming their credit card points.
By Bill Chen, CFA
March 25, 2023
millennials are racking up debt + the Fed's data problem + the EV skills gap
Consumers, particularly those in their 30s, are racking up debt at the fastest rate since the Great Recession. But it’s not all bad news…
By Bill Chen, CFA
March 25, 2023
time up for TikTok? + why 70 is the new 62 + the trick to lowering your mortgage payment
New legislation has been introduced that could ban the video-posting app. Here’s what’s going on.
By Bill Chen, CFA
March 25, 2023
revenge travel + the manager loophole + futuristic shoes
Revenge travel is booming as people continue to spend money on traveling, despite the rising cost of living.
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