Financial education key to reducing student loan stress

It is estimated that a quarter of American adults currently have student loans to pay off, and most do not have the financial literacy to manage debt successfully. The average student in the Class of 2016 has $37,172 in student ...

Decision to live together negatively affects wealth accumulation

Living together is often a first step before marriage, or for a growing number of millennials, an alternative to tying the knot. Money or debt can be a common reason for this decision, but there are long-term financial implications ...

Millennials are not adequately saving for retirement, study finds

According to the U.S. Census, millennials accounted for more than 25 percent of the population in 2015, yet this significant segment of the workforce might not be prepared for retirement. In a new study, researchers from ...

Life differences make women less risk tolerant when investing

Prior research has long shown that women are, on average, less risk tolerant in their financial decisions than men. This is a concern as investors with low levels of risk tolerance might have greater difficulty reaching their ...

Buying high in the stock market caused by overconfidence

The golden rule for investing has always been "buy low, sell high." Past research has shown that many people make the common investing mistake of selling stocks at a low price after the stock market has experienced a decline. ...

Decline in cognitive ability leads to fear of upfront costs

In 2014, 75.4 million Baby Boomers lived in the United States, according to Pew Research. As this generation continues to age, dialogue will increase on how to manage concerns associated with aging, such as the decline in ...

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