Study Summary: Inflation has not been so high since 1981. To make things worse, real wages for American workers decreased by 3.0%. The Consumer Price Index set, the most popular metric for inflation, hit a new 40-year high in May 2022. The last time inflation was higher than now was in 1981 — the year […]

Real hourly earnings all workers

Despite what you may have heard, wages are not really going up. They have been dropping since March 2021. In fact, this is the twelfth consecutive month real average hourly earnings have decreased; the last increase was back in March 2021. Nominal hourly earnings are rising rapidly This may surprise you because we hear a […]

Man shocked by credit card debt increase

Article Summary: Credit card debt dropped briefly during 2020 and 2021. However, with stimulus money drying up and interest rates and inflation increasing, more households are turning to credit card debt. Credit card debt increased by $23.4 billion in March. This comes on the back of a rise of consumer debt of $41.9 billion in […]

housing affordability 2008 levels

Housing affordability is as bad as it has been since 2008, according the National Association of Realtors’ Housing Affordability Index (HAI). Unfortunately, it’s only the beginning. The NAR affordability index is based around three measures: 30-year fixed mortgage contract rate. Median family income. Median priced existing single family home How is NAR’s housing affordability index […]

expanding cost of basket of goods

Article Summary The average U.S. household will spend an additional $5,200 this year to buy the same goods and services purchased last year due to the effects of the inflation tax. This “inflation tax” hits low- and middle-income families the hardest because they often don’t have the sophistication or liquidity to invest in hedges against […]

Inflation Study

2022 Inflation Study

Study Summary: Inflation is up 7.7% annualized, and real hourly wages for American workers dropped by 2.8%. The average U.S. household spent an extra $5,200 this year because of inflation. This “inflation tax” has hit low-income households the hardest. Households with incomes in the bottom 20% got a 15.6% wage cut because of inflation. Unless […]

Man checking documents to see how he can get rid of mortgage insurance premiums

Article Summary: Mortgage insurance typically costs between 0.25% and 2% of your mortgage amount per year. You can save thousands of dollars if you learn how to get rid of mortgage insurance. There are four ways you can get rid of mortgage insurance, three involve waiting and the fourth you might be able to do […]

most popular financial goals

Article Summary: Most people (seven out of ten, to be precise) have financial resolutions for 2022, but only a few of us will do something to achieve our goals. If you are looking to achieve your financial resolutions this year, here are the three most popular financial resolutions of 2022 (and one resolution that might […]

People researching cryptocurrencies

Article Summary: Knowing how to read charts is a valuable skill for traders. However, all the jargon can be intimidating. That’s why we created a comprehensive guide on how to read and understand charts that boils down all the technicalities in an easy-to-follow format. Charts are primarily used to track the progress of a stock, […]

Image of Ken Ruggiero, CEO of Ascent Funding

It is easy to get overwhelmed when shopping for student loans. There are many factors to consider, such as interest rates, fees, and terms. So, finding the best deal available can be challenging, particularly if you are interested in nontraditional education programs, such as coding bootcamps. To learn about the latest trends in the student […]

picture of scale home, calculator and plants in jars

Article Summary: Sales of new single-family homes in the U.S. increased modestly in August as prices continue to climb, making the housing market one of the strongest sectors of the post-Coronavirus economy. Sales of new single-family increased modestly in August, particularly in the South. However, new home sales continue to drop in the Midwest. The […]

bitcoing on world map

Article Summary: Chinese bitcoin miners are migrating to avoid government crackdowns and are in search of cheap electricity. Other countries are happy to pick up the slack. Find out what the United States, Kazakhstan, Russia, and Iran have in common. It has been a tough couple of years for Chinese bitcoin miners. The Chinese government’s […]

One bitcoin standing up among other bitcoins

Article Summary: The Chinese government is fighting an unwinnable war against crypto, according to Elon Musk. But that’s not stopping them from trying. Ten of China’s top financial watchdogs and state agencies stated in a joint notice on September 24 that all crypto-related operations are “illicit financial activities” and could result in criminal charges. However, […]

user sends money from cellphone

Article Summary: Wondering how to send money without using a bank account? You’re not alone. Sending money to friends and relatives is a common problem for many people, especially if they don’t have access to a bank account or credit card. The good news, though, is that it’s possible! In this blog post, I will […]

SuperMoney Inc. 5000 fastest growing companies

Inc. magazine announced today that SuperMoney, a leading financial services marketplace, is No. 1706 on its annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. SuperMoney integrates tightly with leading financial service companies to offer consumers a seamless and transparent marketplace across all major financial service verticals. We are honored to […]

debt health Medicare checking account

Article Summary: Medicare will usually check your bank accounts, as well as your other assets when you apply for financial assistance with Medicare costs. However, eligibility requirements and verification methods vary depending on what state you live in. Some states don’t have asset limits for Medicare savings programs. Find out what Medicare checks (and doesn’t […]

Education without overwhelming debt

Student loans are the fastest-growing source of debt for U.S. households. Since 2007, student debt has grown three times faster than auto loans and 32 times more than mortgages. Student debt totals more than $1.58 trillion and is growing faster than the U.S. economy. In fact, student loans are now the largest source of unsecured […]

Chase QuickPay review

It is no secret that Jamie Dimon, the CEO of Chase — the largest U.S. bank, is not a fan of cryptocurrencies. At the 2017 Delivering Alpha conference, Dimon called cryptocurrencies a fraud. “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” It’s just not a real thing, eventually, […]