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
Central banks in India, Thailand, and New Zealand lower their interest rates in response to the Federal Reserve rate cut.
Daisy Harvey

2019-09-11 09:31:00 Wednesday ET

Central banks in India, Thailand, and New Zealand lower their interest rates in response to the Federal Reserve rate cut.

Central banks in India, Thailand, and New Zealand lower their interest rates in a defensive response to the Federal Reserve recent rate cut. The central ban

+See More
China continues to sell U.S. Treasury bonds amid Sino-U.S. trade truce uncertainty.
Chanel Holden

2019-08-05 13:30:00 Monday ET

China continues to sell U.S. Treasury bonds amid Sino-U.S. trade truce uncertainty.

China continues to sell U.S. Treasury bonds amid Sino-U.S. trade truce uncertainty. In mid-2019, China reduces its U.S. Treasury bond positions by $20.5 bil

+See More
We can decipher valuable lessons from the annual letters to shareholders written by Amazon CEO Jeff Bezos.
Becky Berkman

2019-07-19 18:40:00 Friday ET

We can decipher valuable lessons from the annual letters to shareholders written by Amazon CEO Jeff Bezos.

We can decipher valuable lessons from the annual letters to shareholders written by Amazon CEO Jeff Bezos. Amazon is highly customer-centric because the wor

+See More
Tencent Music Entertainment debuts its IPO on NYSE to strike a chord with stock market investors.
Amy Hamilton

2018-12-19 17:41:00 Wednesday ET

Tencent Music Entertainment debuts its IPO on NYSE to strike a chord with stock market investors.

Tencent Music Entertainment debuts its IPO on NYSE to strike a chord with stock market investors. Tencent Music goes public and marks the biggest IPO by a m

+See More
Partisanship matters more than the socioeconomic influence of the rich and elite interest groups.
John Fourier

2019-08-26 11:30:00 Monday ET

Partisanship matters more than the socioeconomic influence of the rich and elite interest groups.

Partisanship matters more than the socioeconomic influence of the rich and elite interest groups. This new trend emerges from the recent empirical analysis

+See More
Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism.
Fiona Sydney

2019-06-29 17:30:00 Saturday ET

Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism.

Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism. Neoliberalism includes lower taxation, deregulation, socia

+See More