Financial facts

Pig of the week – Stay current

 

Pick Of The Week #56

– By : Admin
Date : 30-May-16

I don’t have to tell you how fragile
this precious gift of freedom is. Every
time we hear, watch, or read the news,
we are reminded that liberty is a rare
commodity in this world.
— President Ronald Reagan

Source

Pig Of The Week #55

– By : Admin
Date : 23-May-16

Looking at cumulative earnings over the entire career, the typical bachelor’s degree graduate worker earns $1.19 million, which is twice what the typical high school graduate earns, and $335,000 more than what the typical associate degree graduate earns.

Source

Pig Of The Week #54

– By : Admin
Date : 16-May-16

Being ready for a disaster is more than storing water and supplies. You also need to be financially ready. Starting early and having adequate insurance, a plan to pay your bills and access to your important records and accounts will help you get back on your feet faster and avoid problems with your credit when you need it most.

Source

Pig Of The Week #53

– By : Admin
Date : 10-May-16

As of April 5, 2016, the official debt of the United States government is $19.2 trillion. This amounts to:
$59,508 for every person living in the U.S.
$154,407 for every household in the U.S.

Source

Pig Of The Week #52

– By : Admin
Date : 02-May-16

According to Federal Reserve survey, conducted in 2015, 14% of homeowners with a mortgage believe that they owe more on their mortgage than their house is worth, while 70% report that the value of their home exceeds the amount of their mortgage.

Source

Pig Of The Week #51

– By : Admin
Date : 26-Apr-16

Your savings are generally insured by a federal government agency, such as the Federal Deposit Insurance Corporation (FDIC), for up to $100,000. Want to know more? Request a FREE educational seminar today!

Source

Pig Of The Week #50

– By : Admin
Date : 11-Apr-16

✭ with us our “Pig of the Week” 50th post anniversary! Featuring one awesome financial fact each week. Stay educated with Money Management Educators.✭

Pig Of The Week #49

– By : Admin
Date : 11-Apr-16

Many consider the standard retirement age to be 65. One of the key influences in arriving at that age was Germany, which initially set its retirement age at 70 then lowered it to age 65.

Source

Pig Of The Week #48

– By : Admin
Date : 05-Apr-16

Since 1928, the Dow Jones has: Increased more than 10% in a day 8 times; Declined more than 10% in a day 4 times; Gone either up or down more than 5% in a day 136 times.

Source

Pig Of The Week #47

– By : Admin
Date : 28-Mar-16

You spend 12-18 percent more when you swipe your card than when you use cash. Some fast food companies observed that average transactions rose from $4.50 to $7 when customers were allowed to use credit cards to make their purchase instead of cash. Did you know you can save $112,000 over a lifetime by bringing your lunch to work?

Source

Pig Of The Week #46

– By : Admin
Date : 21-Mar-16

In March 2015, the Center for Retirement Research updated the Retirement Income Deficit number.According to the latest calculations, Americans are $7.7 trillion short of what they need to retire comfortably.

Source

Pig Of The Week #45

– By : Admin
Date : 14-Mar-16

The gross domestic product of the United States in 2015 amounted to around 17.9 trillion U.S. dollars, marking the largest economy in the world..

Source

Pig Of The Week #44

– By : Admin
Date : 07-Mar-16

Estimated 0.1 percent of the US adult population – about 245,000 people – is in the 850 credit-score club. The waiting list is even longer, with roughly 1 in 10 people bearing scores higher than 810.

Source

Pig Of The Week #43

– By : Admin
Date : 02-Mar-16

According to the Bureau of Labor Statistics, in the past 50 years, every recession has seen the number of jobs in the economy decline by at least 1%, and have never declined by that much outside of a recession. Today, the number of jobs in the U.S. has been growing briskly—up 2.7 million in 2015.

Source

Pig Of The Week #42

– By : Admin
Date : 26-Feb-16

According to a survey conducted by HowMuch.net 57.6% of respondents from the ages of 18 to 24 have less than $1,000 in savings. This compared to 47.1% of those from the ages of 25 to 34.

Source

Pig Of The Week #41

– By : Admin
Date : 01-Feb-16

The average 65-year-old man retiring this year can expect to have another 17 years of living in front of him, according to the National Institute on Aging. For a woman, that number jumps to 20 years.
It is a time to travel, enjoy hobbies, and make memories with family and friends. However, it can also be a time to stress about rising expenses and dwindling assets. Take care of your future today!

Source

Pig Of The Week #40

– By : Admin
Date : 24-Jan-16

The savings rate in the United States rose to 5.6% in October — its highest mark in nearly three years. In September, the savings rate was 5.3%. Put another way, Americans put aside an extra $40 billion in October rather than spend it.

Source

Pig Of The Week #39

– By : Admin
Date : 05-Jan-16

Many young people don’t work for employers who offer retirement benefits, which puts them at a big disadvantage when it comes to saving. Just 62% of millennials have the option of contributing to a 401(k) or similar plan, compared to 74% of gen X and 71% of baby boomers.

Source

Pig Of The Week #38

– By : Admin
Date : 29-Dec-15

In rich countries, where card payments have become common, cash in circulation tends to jump by less than 5% in December; in America it hardly rises at all. But in emerging economies such as Brazil and Russia, where cards are rarer, it increases by over 10%.

Source

Pig Of The Week #37

– By : Admin
Date : 21-Dec-15

Families expect to spend $1152 on average celebrating Christmas in 2015;
$236 is expected to be the average spend on food and drink, $28 on cards and decorations and $888 on presents;
Holiday spending may rise to as much as $586.1 billion this year, that’s up 4.1 percent from last year, according to the National Retail Federation.

Source

Pig Of The Week #36

– By : Admin
Date : 16-Dec-15

CHRISTMAS tends to be the season of goodwill and investor optimism. A poll of fund managers by Bank of America Merrill Lynch (BAML) in December 2014 found that most expected stronger economic growth and low inflation in 2015.

Source

Pig Of The Week #35

– By : Admin
Date : 09-Dec-15

Changing the U.S. $1 bill for a $1 coin would save the U.S. $4.4 billion in 30 years. Congress considers getting rid of dollar bills for $1 coins to save money.

Source

Pig Of The Week #34

– By : Admin
Date : 30-Nov-15

According to the most recent release of the National Health Interview Survey conducted by the Centers for Disease Control and Prevention, the percentage of people without health insurance fell to 11.2 percent of the population during the first six months of 2015, down from 12.2 percent during 2014.

Source

Pig Of The Week #33

– By : Admin
Date : 23-Nov-15

According to NASRA, the total revenues of American public-sector pension funds have been $5.9 trillion since 1984. Of this, employers have contributed $1.5 trillion and employees $730 billion.Decent investment returns are vital if pensions are to be paid in full.

Source

Pig Of The Week #32

– By : Admin
Date : 16-Nov-15

On September 30th, 1980 the U.S. national debt was $907 billion. Fast forward 30 years later, and it was over 14 times larger. As of today, the U.S. national debt is over 18,6 trillion dollars and it keeps growing. Learn how to manage your finances to help the nation.

Source

Pig Of The Week #31

– By : Admin
Date : 9-Nov-15

Most parents (74%) avoid talking about money with the children. As a result, many adults are financially illiterate. Help your child start a savings or investment account. Kids will enjoy saving money in piggy banks, but at around age eight, think about helping them open a small savings account.

Source

Pig Of The Week #30

– By : Admin
Date : 4-Nov-15

More than 6 in 10 Americans admit their financial planning needs improvement, an increase from the figure recorded in 2014. The main excuse respondents gave for their poor planning skills is not having enough time. Don’t put off until tomorrow what you can do today.

Source

Pig Of The Week #29

– By : Admin
Date : 26-Oct-15

Living within your means isn’t a punishment. Approximately 40% of families live off 110% of their incomes. Don’t become part of this stat. Learn to start living within your means from the get-go and you won’t be as tempted to overspend later.

Source

Pig Of The Week #28

– By : Admin
Date : 19-Oct-15

One in six older Americans lives below the poverty line, which is $22,350 for a family of four, according to the U.S. Department of Health and Human Services. That amount is not much for a single person, let alone a family of four.

Source

Pig Of The Week #27

– By : Admin
Date : 14-Oct-15

Average credit card debt per household was $8,329 at the end of 2008. By 2015, it rose to $15,706. Today is the day to take care of your financial wellness.

Source

Pig Of The Week #26

– By : Admin
Date : 07-Oct-15

Fewer than 10% of all U.S. citizens nearing retirement have sufficient investment or retirement income to maintain their current lifestyle. Act now to protect your future.

Source

Pig Of The Week #25

– By : Admin
Date : 28-Sep-15

The standard deduction for single taxpayers or married couples filing taxes separately in 2015 is $6,300. It is $12,600 for married couples filing taxes jointly. Now is the time to save.

Source

Pig Of The Week #24

– By : Admin

Date : 21-Sep-15

If you withdraw money from your 401(k) or IRA and you’re under the age of 59½, you’ll incur a 10% early withdrawal penalty tax on top of the ordinary income taxes and fees associated with the amount withdrawn. Call us today if you have any questions regarding your 401(k).

Source

Pig of the Week #23

– By : Admin

Date : 14-Sep-15

Only half of nonretired American adults expect to have enough money to live comfortably in retirement. Where do you stand? Today is the day to take care of your future.

Source

Pig of the Week #22

– By : Admin

Date : 01-Sep-15

More than 40% of Americans – 95 Million People – have no life insurance (individual or group). But there is another crisis – 78% of people who have coverage do not have enough. The gap between needed and actual coverage has grown to 60% and the underinsurance gap is getting wider! Take care of your future today!

Source

Pig Of the Week #21

– By : Admin

Date : 18-Aug-15

Yesterday The U.S. Department of the Treasury released Treasury International Capital data for June 2015.

The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $110.3 billion. Of this, net foreign private outflows were $66.9 billion, and net foreign official outflows were $43.4 billion.

Source

Pig Of The WEek #20

– By : Admin

Date : 04-Aug-15

Treasury Disbursed $1.2 Billion in SSBCI Funds to Support Nation’s Small Businesses.

The SSBCI Quarterly Report shows that as of March 31, 2015, more than $1.2 billion, or 83 percent of the total amount of available SSBCI funds, has gone to participating states, municipalities, and territories.

Source

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