FICO Is About To Change Credit Scores. Here’s Why It Matters
Your credit score can determine whether you can buy a car, get certain jobs or rent an apartment. It’s a big deal. And so is this: Credit scores for many Americans are about to change — even if they don’t do anything. The changes will be extensive. About 40 million Americans are likely to see […]
28% of Americans in Their 60s Are Extremely Short on Retirement Savings
Though there’s no magic savings number that guarantees financial security during retirement, as a good rule of thumb, it’s smart to close out your career with about 10 times your ending salary socked away. The reason? Social Security will only replace about 40% of the income you’re used to if you’re an average earner. If […]
One-fourth of millennials have $100K in the bank!
Millennials can get a bad rap for how they handle money, but according to a new study, young people are beginning to stash away money for retirement earlier than previous generations. Published on Thursday, Bank of America’s 2020 Better Money Habits Millennial Report found that millennials — Americans between the ages of 24 and 41 […]
Someone hit Powerball’s $396.9 million jackpot. Here’s what past big winners said they’d do when they won
Someone in Florida woke up an awful lot richer Thursday morning. A single ticket sold in the Sunshine State matched all six numbers in Wednesday night’s drawing, nabbing the $396.9 million jackpot. Next up for the winner? Figuring out how to manage their new wealth. Among past recipients of huge jackpots — whether Powerball or […]