Americans continue to keep their financial New Year resolutions.

Jonah Whanau

2019-01-15 13:35:00 Tue ET

Americans continue to keep their financial New Year resolutions. First, Americans should save more money. Everyone needs a budget to ensure that key paychecks outweigh cash expenses. Second, Americans need extra money to pay off credit card debt. More than 44 million Americans take on second gigs to help eliminate credit card debt (about $16,000 per capita). Third, Americans should spend less. Millennials should reduce their disproportionate variable expenditures on utility and leisure. Fourth, U.S. workers below 50-years-old can try to save $18,500 per year toward their own 401(k) retirement accounts. Socking away $300 per month for 30 years can accumulate $285,000 with a conservative 6.2% average annual return. Fifth, Americans need to build their emergency funds. Almost 57% of U.S. adults have less than $1,000 in their bank accounts, and 39% have no emergency funds at all.

Americans should achieve these New Year resolutions for better financial freedom. Fed Chair Jerome Powell states that FOMC members need to be *patient to wait-and-watch* before they hike the interest rate again. The central bank continues to cash in public debt near maturity to maintain a substantially smaller balance sheet. Most stock market analysts foresee the next interest rate hike around mid-2019 as Federal Reserve governors raise their dovish tones.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

This infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs.

Chanel Holden

2017-12-19 09:39:00 Tuesday ET

This infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs.

From Oprah Winfrey​ to Bill Gates​, this infographic visualization summarizes the key habits and investment styles of highly successful entrepreneurs:

+See More

Dr Kai-Fu Lee praises China as the next epicenter of artificial intelligence and smart data analysis.

Peter Prince

2017-12-01 06:30:00 Friday ET

Dr Kai-Fu Lee praises China as the next epicenter of artificial intelligence and smart data analysis.

Dr Kai-Fu Lee praises China as the next epicenter of artificial intelligence, smart data analysis, and robotic automation. With prior IT careers at Apple, M

+See More

Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty.

James Campbell

2020-09-15 08:38:00 Tuesday ET

Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty.

Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty, recession risk, or rare events such as the recent rampan

+See More

Net stock issuance theory and practice

Becky Berkman

2022-05-25 09:31:00 Wednesday ET

Net stock issuance theory and practice

Net stock issuance theory and practice Net equity issuance can be in the form of initial public offering (IPO) or seasoned equity offering (SEO). This l

+See More

Elizabeth Warren warns of Trump financial reforms that shake up the 5 key pillars of bank regulation.

Dan Rochefort

2017-11-19 08:37:00 Sunday ET

Elizabeth Warren warns of Trump financial reforms that shake up the 5 key pillars of bank regulation.

In 2000, a former law professor at Harvard proposed establishing the Financial Product Safety Commission in order to protect consumer rights in the provisio

+See More

Corporate cash management

Jacob Miramar

2022-03-25 09:34:00 Friday ET

Corporate cash management

Corporate cash management The empirical corporate finance literature suggests four primary motives for firms to hold cash. These motives include the tra

+See More