Jamela Adam

After decades of squirreling away money for your golden years, you may feel anxious about the thought of spending your nest egg during retirement. According to 2022 data from the Bureau of Labor...

Over 40% of Gen Z and millennials feel behind financially even though they have above-average savings

Around 43% of Gen Z and 41% of millennials feel behind financially even though they have above-average savings.

How to get through the season without breaking the bank.

Mortgage rates aren’t directly tied to the federal funds rate like savings and CDs. Instead, they’re tied to the 10-year Treasury yield, which is at its highest level in three months.

The Federal Reserve keeps hiking interest rates. Mortgage rates are on the rise, and so are interest rates on credit cards. But what about the interest rates on certificates of deposit (CDs)? They’re going up, too, but forecasters say savers should keep their expectations in check. Here’s an o

For many, hitting the big 3-0 is a meaningful milestone, and it may lead you to ask more questions about your future. And though 30 may seem young, you’re never too young to think about your nest egg and retirement. Here’s how much you should have saved by 30, and tips for getting there. Average […]

Where you choose to live impacts everything from your job opportunities to your ability to save money, and for individuals focused on building both their careers and strong financial foundations, there’s a lot at stake. Many young professionals struggle to balance lifestyle desires with long-term financial stability amidst rising prices, economic uncertainty and more. To […]

In the face of high interest rates, the rising cost of living and other financial challenges, saving money has never been more critical. For many Americans, however, the ability to save is becoming a luxury. Forbes Advisor’s latest survey reveals trends and patterns regarding how four key generations (Generation Z, Millennials, Generation X and Baby […]

Choosing the right place to park your money can make all the difference in your financial growth. No-penalty certificates of deposit (CDs) and savings accounts are two popular, low-risk options. But which one is right for your savings goals and timeline? What Is a No-Penalty CD? A no-penalty CD, often referred to as a “liquid” […]

Most standard piggy banks can hold hundreds of dollars in loose change, and that’s not to mention the jars, jugs and other repurposed objects preferred in some homes for storing pennies and dimes. If you have a stuffed piggy bank sitting at home collecting dust, learn where you can exchange coins for cash and how […]

Money is an important aspect of life, and the ability to talk about money matters could help individuals grow their personal finance knowledge. However, the hesitancy to discuss personal finance topics continues to plague certain generations. A new survey by Forbes Advisor uncovered differences and similarities across generations (Generation Z, Millennials, Generation X and Baby […]

Regardless of where you store your hard-earned cash, it’s natural to be concerned about its safety. Thankfully, in the rare instance that a bank fails, up to $250,000 of the funds in your account will be protected as long as the financial institution is FDIC-insured. But what if your deposits are at a credit union? […]

According to the Federal Reserve, Black people are two times more likely to be denied credit than their white counterparts—regardless of income level. This discriminatory practice, also known as redlining, has contributed to disparities in wealth between Black and white households. To combat this

If you’d prefer not to pay for purchases with cash, credit cards or funds in your checking account, give prepaid debit cards a try. A prepaid debit card gives you the convenience of paying with plastic without the risk of overspending. These cards are accepted almost everywhere, and they let you