This viral trend is a practical way to feel more in control. Here’s what to do.
Remember when everyone was buying Pelotons and planning revenge travel? Well, Americans are getting their financial revenge in a different way now. The personal saving rate has climbed from 3.5% in December to 4.5% in May, data from the Bureau of Economic Analysis shows, as people swap spending sprees for something now trending as “revenge saving.” CNBC highlights this growing movement as a…
The standard definition of net worth leaves out some common hidden assets.
When you think about your financial future, you probably picture a number: the sum of your savings, investments, and home equity, minus your debts. That’s your net worth. But here’s the problem: that number only tells part of the story. Net worth is a widely used financial metric, but it’s also a limited one. It undercounts the assets and guarantees that provide true long-term financial…
