High interest rates are one of the most significant hurdles buyers face when jumping into the housing market right now. As anyone who has bought a home in recent years knows, interest rates have more than doubled since 2020. For a 30-year fixed-rate mortgage, you’re looking at an average interest rate of somewhere between 6% and +7% until later. So ...
Women would rather accept the “singles tax” than the couple. The “singles tax” — the highest costs singles pay to support themselves financially — recently rose to over $7,000, according to Zillow, but women would rather stay on their own. A new study conducted by Qualtrics on behalf of Intuit Credit Karma found that while many single women admitted that ...
What would it take to feel financially prepared? New research has found that the average American feels prepared for the worst after saving $5,078. The survey of 2,000 employed Americans, evenly divided by generation (500 Gen Z, 500 Millennials, 500 Gen X and 500 Baby Boomers) found that Gen Zers need at least $4,286 in their bank account at all ...
If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In short, a credit score is a simplified calculation of your history of repaying debts and making regular loan payments. If you’re borrowing money to buy a home, lenders want to know you’ll pay back those comes back on time, ...
They may have the rizz, but they can’t afford their visage. Gen Z is suffering from a trending phenomenon of financial insecurity known as money dysmorphia, an expert claims. Financial therapist Amanda Clayman defined distress as “a negative and unrealistic perception of one’s financial well-being or financial position.” Gen Z is suffering from a trending phenomenon of financial insecurity known ...