The deep declines in the U.S. stock market over coronavirus fears the last three weeks have left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses. Americans are mostly exposed to stocks
The Great Recession hit many Americans hard between 2007 and 2009 — including their retirement accounts. But, it’s worth remembering that many made it through just fine. While it can certainly be stressful, these retirees from Business Insider’s Real Retirement series say it’s possible to make it through the storm by focusing on your asset
Having one parent stay home isn’t for every family. While it can be helpful for a number of reasons, including reducing childcare expenses and being able to give extra care to children who may need it, sometimes the numbers just don’t work out. If you’re considering having one parent stay home, financial planner John Pak
The Harvard Business School Online and City Square Associates surveyed 1,000 people to determine how prepared people are for a potential recession. Turns out, two out of every three people surveyed reported they are not prepared. Business Insider spoke with Patrick Mullane, the executive director of Harvard Business School Online, about what people could do
For many black households, the housing crisis never ended. While 73.1% of white Americans owned homes as of the second quarter of 2019, a record low of 40.6% of black Americans had achieved homeownership and 46.6% of Hispanic Americans. The resulting 32.5 percentage-point gap in homeownership between black and white Americans is 3.6 points wider
A new hurdle awaits many younger consumers who already find it challenging to build a credit history and become good borrowing risks. It’s called FICO Score 10 Suite, an update to the credit scoring algorithms created by Fair Isaac Corp. that are widely used by credit card issuers and other lenders. It is scheduled to