As part of the “great wealth transfer,” more than $100 trillion is projected to change hands in the coming decades. A recent report from Cerulli Associates puts the total tally being passed to family members by 2048 at an estimated $124 trillion. Whether husbands are leaving […]
Women will get most of the $124 trillion ‘great wealth transfer.’ Here’s why. Read More »
Whether it’s a dozen eggs or a new car, Americans are having a hard time adjusting to current prices. Nearly all Americans report experiencing some form of “sticker shock,” regardless of income, according to a recent report by Wells Fargo. In fact, 90% of
Americans are suffering from ‘sticker shock’ — here’s how to adjust Read More »
Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31
Credit card debt set to hit record levels as consumer holiday spending rises Read More »
Most credit cards have a variable rate with a direct connection to the Federal Reserve’s benchmark. It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in March 2022. The average annual percentage rate rose from 16.34% at
The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why Read More »
Holiday shopping is expected to reach record levels this year. But a growing share of those purchases will be sent back. Returns in 2024 are expected to amount to 17% of all merchandise sales, totaling $890 billion in returned goods, according to a new report by
Returns are an $890 billion problem for retailers Read More »
Typically, the five days beginning Thanksgiving Day and ending Cyber Monday are some of the busiest shopping days of the year. This year, the number of people shopping in stores and online during that period could hit a new record, according to
Are Black Friday deals worth waiting for? Here’s what to expect this year Read More »
