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The survey, released in October 2021, reported that the COVID-19 pandemic continues to impede decision-making ability, which includes financial decisions. Bureau of Labor Statistics reports that roughly two-thirds of our economy is fueled by consumer spending, much of it in the form of creditcard debt. Getting into the Flow.
And with a new year approaching quickly, it can be a good opportunity to take stock of what’s happened in the past year—in your personal life, career and with your finances—and think about what changes you’d like to make in the year ahead. As you think about your personal finances heading into 2023, creditcard debt should be top of mind.
However, knowing what a credit freeze is and taking advantage of it can help protect you and your finances. When you freeze your credit, it keeps sensitive data in your credit files from being accessed without your permission. It can be especially valuable to freeze your child’s credit to prevent problems in the future.
A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. According to the Bureau of Labor Statistics , the average employer paid “78% of medical care premiums for single coverage plans” in 2021, which is a nice perk. Create a plan.
That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.
Discord over finances does not signal that a relationship is irrevocably flawed, or fundamentally doomed. Attitudes and needs related to finances will evolve and devolve. This article originally appeared in the September/October 2021 issue of SUCCESS magazine. Money disagreements will happen. Money is a long game. Good luck!?.
For example, 84% of respondents in a 2020 survey from personal finance site NerdWallet said buying a home is a priority. They didn’t have the income or credit to buy and struggled with student loan and creditcard debt, so it was harder to save for a down payment.”. Average rents rose 16% in 2021, according to Zillow.
Bartlett is certainly driven—in 2021, at 28, he became the youngest “Dragon” ever on the BBC One’s Dragons’ Den (think Shark Tank for Brits). followers) YouTube: @TheRichDadChannel (2.98M subscribers) Rich Dad Poor Dad , which Robert Kiyosaki co-authored in 1997, is still one of the bestselling personal finance books of all time.
started making clever money literacy videos during COVID-19’s delta wave in 2021. Coworkers also discussed their finances with Spangler, including a colleague who wondered aloud if she needed to set up her 401(k) or if she was automatically enrolled in the program. I don’t have a formal education in finance,” Spangler admits.
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