Professional athletes in their late teens or early twenties earn millions of dollars. Unfortunately, as we have seen from some of our former favorite athletes, many spend more than they save and invest.
by Matin VarshochiFor a second straight quarter, the gross domestic product (GDP) of the United States fell, the typical definition of a recession. Due to the rising fears of a recession, companies have reduced their job openings, and there is a possibility some people will be getting laid off in the near future.
by Matin VarshochiCredit ghosts are people who have no credit score, but they could improve their financial situation by building credit. Here's what is a credit ghost and what to know if you are one.
by Sha'Kreshia TerrellTo help low-income individuals and families rent affordable housing, the United States Department of Housing and Urban Development (HUD) began giving out housing vouchers. But recently, there has been some controversy regarding whether landlords have the authority to refuse tenants’ rent vouchers
by Matin VarshochiThe current school curriculum does not have any courses which discuss financial literacy. As a result, some states have begun implementing financial literacy courses into the curriculum, which will go into effect in 2023.
by Matin VarshochiIn a report released by the National Bureau of Economic Research (NBER), it was seen that the GDP level had reduced a second time, which is the usual indicator of a recession. However, despite the data showing a reduction in consumer spending, the NBER has announced they believe the economy is not in a recession.
by Matin VarshochiOn July 30, 2022, a $1.34 billion jackpot was won in a Mega Millions lottery. As this amount was the second highest recorded in United States history, it is the perfect time to go over the process of winning the lottery, from the luck it requires to how the winnings can be claimed and the disadvantages of winning a lump sum of money with practically no effort.
by Matin VarshochiAttending college is an important milestone. While in college it’s a must to establish a great financial mindset. According to a study by Ohio State University, more than 70 percent of college students reported feeling stressed about their finances.
by Matin VarshochiLife insurance is a great investment because it can financially protect your family if you pass away unexpectedly. Life insurance can help your family pay off debts, living expenses, or any final expenses.
by Shaun MorganSince the beginning of the pandemic, the cost of living has continued to rise due to the surging inflation rates. When the Bureau of Labor Statistics calculated the most recent inflation rate using the Consumer Price Index, it was determined that it was at its highest level in 40 years.
by Matin VarshochiDuring the pandemic era, students were provided free school lunches to ensure they did not go hungry. However, as pandemic restrictions have begun easing up, the Universal Free Meals program has ended, which has left many students and families wondering how they can receive access to meals while at school.
by Matin VarshochiWorkforce payments platform Branch recently conducted a survey asking hourly workers in the United States about their financial situation. The purpose of this survey was to determine how well off these hourly workers are in the midst of the current economic climate, and the results were startling.
by Matin VarshochiMissouri currently has approximately 6,527 homeless people, or around 1.13% of its population. As the state government wishes to lower this statistic, Missouri Governor Mike Parson signed a new bill earlier this month that will go into effect on January 1, 2023, criminalizing homelessness.
by Matin VarshochiOn Wednesday, July 13, 2022, crypto bank Celsius filed for Chapter 11 bankruptcy. The digital asset firm mentioned extreme market conditions led to a surge in customer withdrawals, ultimately hurting their operations.
by Matin VarshochiOn July 18, 2022, Alphabet (GOOGL) executed a 20-for-1 stock split, meaning investors who previously held one Class A share of GOOGL would now receive an additional 19 shares. Although this event has led to the stock price being more affordable for investors, there may be another reason behind Google’s intentions.
by Matin Varshochi