Thanks to a growing pool of financial apps, we can now review our budgets, tweak our investments and work toward retirement — all while waiting in line for a coffee.
Millennials are the cusp of their prime spending years. But will they spend those dollars on home ownership?
At first everything’s great. You talk all the time, set life goals together, exchange notes. One day you notice the conversations have gotten shorter, the notes less frequent. Calls go unanswered. Maybe you two aren’t such a great fit after all. The problem is, this person manages your life savings.
Much has been made of late about millennials leaving the big banks in favor of smaller community banks or credit unions. According to the Accenture 2015 North American Consumer Digital Banking Survey, community banks saw a 5-percent uptick in millennial customers in 2014. Credit unions saw a 3-percent increase. The big guys, meanwhile, lost a whopping 16 percent of their millennial account holders.
Today’s jobs report confirms much of what we already know: Workers are finding employment at a steady but unspectacular rate, private-sector job creation is good but not great, hours worked are ever so slowly ticking up and wage increases are pretty much nonexistent.
Call it the tale of two turfs. In summer 2014, 27-year-old Benjamin Triffo wanted to do something about his dry, unattractive yard. He owns a four-bedroom, four-bath duplex in Elk Grove that he’d bought in 2011, and his sprinkler lines were broken. But with the state passing rules last July that would allow fines for overwatering, Triffo quickly figured out that replacing his system and re-sodding would be like attaching a drain line to his checkbook.
More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and businesses can protect themselves.
Congratulations sub-par workers, even you can expect a bonus for a mediocre year of work.
For decades, single women played an important role in the U.S. housing market, buying more homes than single men. But after the housing crisis, lenders made it harder to qualify for mortgages, and the percentage of single female buyers dropped from 21 percent of purchasers in 2009 to 15 percent this year. Now, they may be poised to make a comeback.
Facebook wants to keep its workers close to the office, and it’s willing to pay for it. Sounds great. Why don’t more companies do it?