Healthcare is the largest expense most retirees face. Medicare doesn’t cover everything, including most long-term care needs, so many Americans are forced to drain their own savings, lean on family and friends, or use private insurance to afford daily assistance if they need it. As of 2016, a semi-private room in a nursing home costs,
Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. But how does any of this make sense when so many people are struggling financially months into the Covid-19 crisis and the recession that came with it?
The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease. Being stuck at home has
Money has a way of driving rifts in relationships, especially romantic ones. A study of 4,500 couples even found that money-related arguments were the most intense fights couples had, no matter their income or debt levels. “Arguments about money are the top predictor for divorce because it happens at all levels,” lead researcher Sonya Britt, assistant
From layoffs, salary cuts, and missed bonuses to canceled travel plans, working out at home, and spending less at restaurants, almost every one of my clients has experienced budget changes due to COVID-19. For some, it’s meant going from having a surplus to focusing on making ends meet. And for others, it’s meant socking away
A pandemic like the one we’ve experienced with COVID-19 has completely altered financial strategies. It has upended revenue and profits as well as incomes. As if it wasn’t already challenging enough to save for retirement, a pandemic seemingly has put an end to retirement savings. Or, has it? We asked a number of entrepreneurs, financial