In the United States, the mortgage landscape is a significant part of consumer finance, with a staggering $12.01 trillion owed across 83.6 million mortgages. This averages to about $143,674 per individual holding a mortgage, as reflected in their credit reports.
Investing is the backbone of financial growth for both individuals and businesses. One term that may come up for those looking to diversify their investment options is the Portfolio Investment Entity (PIE). So, the natural question arises – What is
In today’s dynamic financial environment, terms like “Asset Management vs. Investment Management” often surface, sometimes interchangeably. This article will delve deep into the nuances of each term, guiding you to a better understanding and assisting in making an informed decision
In today’s fast-paced financial landscape, understanding where your money is and how it’s working for you is more important than ever. A term that often pops up in financial discussions is “investable assets.” But What are Investable Assets, and why
The US personal saving rate — a reflection of the percentage of our income left after taxes and spending — has steadily declined. From a high of 5.3% in May, the rate dipped to 4.9% in June, further slid to
In 2022, the latest Consumer Expenditure Survey data revealed that households typically brought in $94,003 pre-tax and spent about $72,967. This comprehensive study, released by the U.S. Bureau of Labor Statistics (BLS), broke down the average spending across different areas,