Monday, April 6, 2026

Americans Reduce Their Personal Debt 20 Percent

Wed, 25 August 2021  |  economy 

The latest findings from Northwestern Mutual's 2021 Planning & Progress Study show that among U.S. adults aged 18+ who carry debt, they hold an average of $23,325 excluding mortgages. This represents a downward trend of over 20% since 2019.

Average Amount of Debt Per Year (exclusive of mortgages):

"The fact that people are making significant progress to decrease their debt is encouraging to see, especially at a time when many are still recovering from the financial impact and uncertainties prompted by the Covid-19 pandemic," s... Read More

Half of Americans Plan To Travel On Labor Day

Mon, 16 August 2021  |  recreation 

A new survey from The Vacationer (https://thevacationer.com/labor-day-travel-survey-2021/) shows 137 Million American adults (53%) plan to travel for Labor Day this year. Despite the increase in travel from the Fourth of July, 75% (194 million adults) say Covid-19 and the Delta variant is either a big concern or a slight concern when considering Labor Day plans.

The Vacationer polled 571 American adults over the age of 18 on August 1, 2021. Results were analyzed by The Vacationer's Eric Jones, who is an Assistant Professor of Mathematics at Rowan College South Jersey.

... Read More

Bidding Wars Drop To January Lows

Mon, 16 August 2021  |  housing 

In July, 60.1% of home offers written by Redfin agents faced competition, down from a revised rate of 66.5% in June and a pandemic peak of 74.1% in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage

While July's bidding-war rate was the lowest since January, it was still higher than the 57.9% bidding-war rate we saw in July 2020, when the housing market was recovering following a shutdown caused by pandemic restrictions.

Homebuying conditions have been improving this summer following months of fierce competition and so... Read More

More Smaller Homes Hit Housing Market

Tue, 10 August 2021  |  housing 

July housing trends show some good news for first time buyers. New listings grew on a yearly basis for the fourth month in a row as sellers added a higher number of smaller homes to the market, according to the Realtor.com^® Monthly Housing Report released today. Growth in the U.S. median listing price continued to moderate last month, but data shows some of this trend can be attributed to the increase in lower-priced homes for sale.

Nationally, the number of homes for sale declined 33.5% year-over-year in July. While inventory is still lower compared to last year... Read More

Pandemic Fuels Career Shifting

Tue, 10 August 2021  |  workplace 

With the prospect of a post-pandemic world on the horizon, or what some are referring to as the YOLO Economy it's clear that employees have the upper hand over their employers these days and are seeking greater flexibility and balance. While many workers report struggling with burn out and return-to-office mandates, a new survey out today from digital wealth manager, Personal Capital, in partnership with The Harris Poll, shows a staggering two-thirds of Americans surveyed (66%) are interested in switching jobs right now, with young generations expressing such sentiment in part... Read More

Average Back-to-School Spending Reaches $498, and 33% of Parents Will Go Into Debt To Pay For It

Mon, 09 August 2021  |  education 

As the era of COVID-19 stretches into another topsy-turvy year, families with school-age kids are gearing up for another deeply uncertain and costly back-to-school shopping season, according to LendingTree's 2021 Back-to-School Shopping Survey.

LendingTree polled more than 1,000 parents with children under the age of 18 and found that families today are dealing with a wide range of financial stressors, including higher levels of debt, sticker shock from inflation and longer school supply lists brought on by the pandemic.

Key findings

• 1 in 3 parents o... Read More
  
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