How to Prepare When Only One Spouse Saves for Retirement
Sometimes one spouse wants to save and the other intends to spend. Money is the number one issue that married couples fight about, according to a survey of 1,072 U.S. adults by Ramsey Solutions. The happiest couples make financial plans together and discuss common goals. Couples in “happy” marriages are much more likely to have […]
Consumers are their own worst enemy when it comes to paying down debt
U.S. consumers could probably get rid of their debt faster if they really wanted to. While American households dedicate about of a third of their budget to paying down debt, they also spend roughly that much on stuff they want versus what they need, according to Northwestern Mutual’s 2018 Planning & Progress study. “The immediate […]
Why Conflicting Retirement Advice Is Crushing American Households
It is a well-documented fact that American workers are financially underprepared for retirement. For example, in a recent Government Accountability Office Report that examined the retirement savings of households in the 55 to 64 age group, researchers found that 55% of households had little to no retirement savings. Additionally, the remainder in that range that […]
Does Your Family Really Need 2 Incomes?
Families with working dads and stay-at-home moms seem to be a trend of the past. However, you can still find plenty of households that fit that traditional mold. In 2017, more than a third of married couples with kids were living on a single income, according to the Bureau of Labor Statistics. While some couples […]