How does the lottery work and is it worth playing? | personal financing

If you are thinking of playing the lottery, you surely know that the odds of becoming a millionaire are not very good. But that doesn’t stop anyone from playing. According to the North American State and Territory Lottery Association, during fiscal year 2019, the year for which the latest numbers are available, lottery sales in … Read more

Can’t qualify for a personal loan? 4 alternatives to try

By ANNIE MILLERBERND from NerdWallet Personal loans provide fast, unsecured money that can pay off anything from home repairs to medical emergencies. Instead of asking for collateral like a house or a car, many prefer advanced lenders with strong credit and high incomes. But what if you do not meet the requirements of the lender? … Read more

Increasing Social Security by 11% is practically impossible. But that’s fine.

(Keith Spetses) We’re likely less than two weeks away from knowing how high our Social Security checks will be in 2023. The Social Security Administration (SSA) plans to announce in mid-October. There has been a lot of predictions in recent months about the next cost-of-living adjustment (cola) will be. Of these, the most optimistic estimates … Read more

Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more

Planning to get Social Security at 62? 3 reasons to wait until age 70

(Adam Levine Weinberg) The big question for Americans nearing retirement is when to apply Social Security benefits. While the US government has set the full retirement age at 67 for people born in 1960 or later, Americans can choose to receive reduced Social Security benefits as early as 62 — or wait past the full … Read more

When you know it’s time and how to switch

Some relationships don’t work out. This unfortunate fact applies to spouses, friends, business partners, and financial advisors. Chances are, you’ve started a new counselor relationship with high hopes for wealth and financial independence. But if your fortune progress slows down or contact with your mentor is cut off, there may be a breakup in your … Read more

Buy Now Pay Later: New Rules Consumers Should Know

Buy now, pay later, consumer models have taken the US payments sector by storm. BNPL resonates with online shoppers in the US, who make modest down payments up front and pay remaining balances on scheduled due dates — often smaller payments made over four months. Currently, BNPL standalone mobile apps such as Klarna, Afterpay and … Read more

3 Unstoppable Investments Everyone Needs in Their Portfolio | Smart Change: Personal Finance

(Chuck Salita) With the stock market plummeting throughout most of 2022, investors are rediscovering the risks involved in investing. The unfortunate truth is that your money is there Always At risk of experiencing some kind of loss, whether invested or not. As a result, it is very important that you put parts of your money … Read more