home equity, retirement

Is 2018 the year to buy a house?

Article by Katherine Vassel | Found on CNN

Home buyers aren’t going to catch much of a break this year.

Sellers will remain in the driver’s seat as buyers continue to face affordability issues thanks to low housing supply.

“The challenges for buyers in the market haven’t changed that much from last year” said Keith Gumbinger, vice president of mortgage website HSH.com. Read more

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U.S. Employers Only Added 148,000 Jobs in December but That’s a Good Sign

Article by Christopher S. Rugaber | Found on INC.COM

U.S. employers added 148,000 jobs in December, a modest gain but still enough to suggest that the economy entered the new year with solid momentum.

The unemployment rate  remained 4.1 percent for a third straight month, the lowest levelsince 2000, the Labor Department said Friday.

For all of 2017, employers added nearly 2.1 million jobs, enough to lower the unemployment rate from 4.7 percent a year ago. Read more

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20-Somethings Are Spending Less Money Than You Think

Article Found on BusinessInsider | Written by Tanza Loudenback

American millennials aren’t spending as much money on clothes, avocado toast, and pumpkin spice lattes as you may think.

Instead, they’re shifting their spending to focus on necessities, as housing costs increase and wages sit still.

According to a recent Gallup poll, 18-t0-29 year olds in 2016 reported spending an average of $19 less on a given day than their 2008 counterparts.

This could pose a problem for some retailers whose marketing efforts aimed at millennials have become obsessive in recent years. Read more

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Yes, Student Debt is Delaying Homeownership

Article by Katie Lobosko | Found on CNN.com

College grads have claimed for years that they were putting off buying a home because of student debt. Now, there’s strong proof that their loans really have pulled down homeownership rates.

About 32% of those in their 20s owned a home in 2007, but that’s fallen drastically to 21% in 2016.

While the poor labor market and memories of the housing bubble certainly played a role, student debt can explain up to 35% of the decline, according to a report from the Federal Reserve Bank of New York released Thursday. Read more

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Fed Expected to Leave Rates Unchanged; Balance Sheet in Focus

Article Found on Reuters | Written by Jason Lange

The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.

The U.S. central bank will issue its latest rates decision following the end of a two-day policy meeting at 2 p.m. EDT. Economists expect the Fed’s benchmark lending rate to remain in a target range of 1.00 percent to 1.25 percent.

That would mark another pause in the monetary tightening campaign that the Fed began in December 2015. The central bank has raised rates twice this year, including at its last policy meeting in June. Read more

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3 Career Trends Unfolding in the Modern Workforce

Article by Nicole Fallon | Found on Business News Daily

It’s no secret that the job market has changed a lot in recent years. Employers now value cultural fit almost as much as skills. Job seekers know that they have the upper hand as employers compete for the top talent. And employees have no problem walking away from organizations that no longer align with their goals, regardless of how long they’ve been there.

Most workers and employers are aware of these realities, but what else is happening in the modern workforce that could influence career or hiring decisions? Based on recently released surveys and reports, here are three career trends unfolding in today’s organizations. Read more

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Social Security Can’t Finance Your Retirement, Boomers — Take Action Now

Article by John Mauldin | Article Featured on Forbes

By 2035, the number of Americans 65 and older will climb from about 48 million today to over 79 million. That’s the Baby Boomer impact. There are now 2.8 active workers for each Social Security beneficiary. This number will likely drop to fewer than 2 workers per beneficiary by 2035.

Given the data from the Social Security Administration I reviewed earlier, most Baby Boomers will be down to subsistence living by the time they are 80—living on Social Security and other government benefits with help from any capable children. Read more

Good News For Savers With Cash To Invest

Article by John Taft | Featured on Inc.com

Individual and corporate savers: It’s time to pay more attention to where you invest your cash.

The Federal Reserve Bank’s decision yesterday to raise interest rates this week, for the third time in the last 15 months, is good news for savers tired of earning next to nothing on their cash balances. But getting the return you deserve will require extra work. Read more

What’s Driving the Global Entrepreneurship Wave?

Article Featured on INC.COM

People who have an entrepreneurial spirit simply think and act differently. They aspire to rethink traditional business means and models to create unique, enhanced, and futuristic forms of commerce. In this mindset, such individuals tend to employ critical questioning, take calculated risks, and are relentless in executing their creative imaginings.

Which country has the highest percentage of such people? You might be surprised that the United States is not at the top of the list of entrepreneurial countries. In fact, Vietnam, ranks highest among the 45 countries in the Amway Entrepreneurial Spirit Index (AESI). The U.S. ranked 12th, and Japan ranked last.
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1 Bitcoin Is Now Worth More Than An Ounce Of Gold

Article by Laura Shin | Found on Forbes

Fueled by speculation that a bitcoin ETF could be approved by the Securities and Exchange Commission in the next week or so, the price of bitcoin has risen steadily, finally surpassing the cost of an ounce of gold on Thursday.

As of press time, one Bitcoin was worth $1,273 according to CoinDesk’s Bitcoin Price Index, and an ounce of gold was worth $1,244, according to precious metals retailer APMEX.

The market capitalization of all outstanding bitcoin also surpassed $20 billion for the first time in bitcoin’s history, according to Coinmarketcap.

The SEC is expected to make a decision on a bitcoin ETF proposed by Tyler and Cameron Winklevoss, the former Olympians who now run the cryptocurrency exchange Gemini and venture fund Winklevoss Capital, by March 11.
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