Social Semantics

Everything Social

Millennials and Gen Z living at home are a ‘train wreck’ thanks to their parents, says personal finance guru Dave Ramsey – Fortune

This cohort (those ages 18 to 29) is driving the growth for luxury goods in the U.S., say Morgan Stanley analysts in a December report. The analysis found that living at home freed up older Gen Z’s and younger millennials’ discretionary spending, enabling them to snap up designer handbags and watches. Ramsey, a self-made millionaire and author of numerous personal finance books, blasted the trend on a recent episode of The Ra…….

Read More

Should You Give Up on Going Freelance Due to Recession Fears? – The Motley Fool

Image source: Getty Images

It’s important to consider the state of the economy before becoming self-employed.

Key points

Experts have been warning that the U.S. economy could crumble in the near term.It’s important to think about that when deciding whether to take the leap into self-employment.Ensure you’re in good financial shape (say, by having enough money in savings t…….

Read More

4 key money moves in an uncertain economy, according to financial advisors – CNBC

By most measures, the new year is off to a good start. However, economists and business leaders alike predict there are rougher times ahead for the market and the economy.

Year to date, the S&P 500 and Dow Jones Industrial Average have advanced about 4% and more than 2%, respectively, while the Nasdaq Composite is up 5.9%.

Yet inflation remains a persistent problem. The consumer price index for December showed prices …….

Read More

KSA Personal Finance Market to grow exponentially with size of outstanding credit expected to contribute more than SAR 800 Bn by 2026F: Ken Research – Yahoo Finance

Ken Research

The report covers KSA Consume Finance Sector, KSA Consumer Finance Future, KSA Consumer Finance Licensing Requirements, KSA Consumer Finance Market Future Growth, KSA Consumer Finance Players, KSA Finance Market, KSA Personal Finance Industry Challenges, KSA Personal Finance Industry Issues, KSA Personal Finance Market, KSA Personal Finance Market Demand, KSA Personal Finance Market Future Outlook, KSA Personal Fin…….

Read More

What is a Good Credit Score – Kiplinger’s Personal Finance

A credit score is a number, usually between 300 and 850, that provides a snapshot of a consumer’s creditworthiness. Lenders use these scores to decide whether a potential borrower is qualified for a loan, and in many cases, to set the interest rate and other terms. By tracking and keeping a score in the good range or better, consumers may qualify for the best rewards credit cards and other loans. 

<h2 id="what-is-a-good-credit…….

Read More

‘Momma can’t protect you’: Dave Ramsey has a blunt message for young adults who live with their parents. 3 things you need to do to get ahead (and get your own place) – Yahoo Finance

More young adults are choosing to live at home with their parents — but many of them are using what they are saving on rent to splurge on designer handbags and expensive jewelry instead.

Morgan Stanley analysts say these young adults have more room in their budget for discretionary spending and are helping to drive a boom in the luxury goods industry.

Don’t miss

Personal finance author and radio host Dave Rams…….

Read More

How To Stick To Your New Year’s Financial Resolutions In 2023 – Forbes

How to stick to your financial goals and resolutions this year.


With most of us hoping for better financial prospects in 2023, it’s important to acknowledge just how brutal 2022 was for Americans and their wallets. Not only did the stock market end the year significantly down, but cryptocurrencies largely tanked as well. Sky-high inflation also led the Federal Reserve to raise interest rates t…….

Read More

New retirement withdrawal rule could backfire in costly way – Yahoo Finance

A new law increasing the age you must withdraw from your retirement accounts may come with some unexpected and expensive consequences.

Retirement legislation President Biden inked in December pushes the age that retirees must start taking required minimum distributions, or RMDs, from IRAs, 401(k)s, and 403(b) plans, to 73 this year, up from 72. That will bump up higher to age 75 in 2033. The delay allows investments to grow tax…….

Read More

UBI Payments: Who can get up to $500 in one week – Marca English

A new universal basic income program will soon distribute its first round of $500 checks to Alexandria, Virginia residents.

170 Virginia citizens were chosen from a total of 4,159 applicants for the ARISE program, and they should get their funds soon.

The city could not specify a specific date but did affirm that it is on schedule to distribute payments in February.

“There are still a handful of unknowns,” it said. …….

Read More

What economists get wrong about personal finance – Financial Times

Copyright The Financial Times Limited 2023. All rights reserved.

Follow the topics in this article

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice……..

Read More