This former financial advisor now educates advisors on crypto

Ric Edelman, founder of the Digital Assets Council of Financial Professionals. Heidi Gutman | CNBC Bitcoin’s recent routines – including its recent drop below $ 20,000 – have given some cryptocurrency naysayers an “I told you so” moment. “How do you make a million? Invest a billion in bitcoin,” one panelist joked at a conference … Read more

Past financial crises have affected how millennials manage money

FG Trade | E + | Getty Images Living through multiple financial crises and recessions has impacted the way millennials are now managing their money. The experience has given members of that generation some confidence that they’ll be able to make it through another recession if the US falls into one amid high inflation and … Read more

Here’s what financial advisors say about the Fed’s latest rate hike

The Marriner S. Eccles Federal Reserve Board Building in Washington, DC Sarah Silbiger | Reuters While the market moves are positive for investors, they are still dealing with a complicated backdrop that’s likely to continue to whiplash asset prices going forward. Earlier in the week, the S&P 500 fell into bear market territory, meaning a … Read more

Michigan will be 14th state to mandate personal finance education

Michigan Governor Gretchen Whitmer poses at an event where General Motors announced an investment of more than $ 7 billion in four Michigan manufacturing sites on January 25, 2022 in Lansing, Michigan. Jeff Kowalsky AFP | Getty Images High school students in Michigan will soon be guaranteed a personal finance course before they graduate. The … Read more

How parents can empower their kids through financial literacy

The Covid-19 pandemic is really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are commonplace and many Americans are living paycheck to paycheck. Today’s adults are suffering and may be setting the next generation up for trouble, as well. Tackling the financial literacy crisis in America begins at home, as … Read more

54% of teens feel unprepared to finance their futures, survey shows

A college graduate calls their family on video to celebrate Kemal Yildirim Getty Images Teenagers are looking at the costs of higher education and fear they won’t be able to keep up. Some 54% of teens say they are worried about financing their futures, according to a survey from Junior Achievement USA and Citizens Bank … Read more

Government financial watchdog chief looks for consumer inflation stress

Rohit Chopra leads the Consumer Financial Protection Bureau, the federal agency whose mission is to protect consumers from “abusive and deceptive financial practices.” As the director of the CFPB, he is keeping a close eye on trouble spots that could potentially cause another financial crisis. With inflation significantly impacting household budgets for millions of Americans, … Read more

How to prioritize your financial goals with adult kids living at home

Iryna Imago Istock | Getty Images Many adult children are “boomeranging” and moving back in with their parents amid high rents and home prices, a new survey from financial services company Thrivent finds. About 40% of parents reported they currently have an adult child living with them. Meanwhile, 25% of parents said an adult child … Read more

88% of adults support mandating personal finance education

Most adults in the US support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or a year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More … Read more

What market capitulation means and what investors should do

Nosystem Images | E + | Getty Images Amid market turmoil, there’s a term that analysts often start throwing around: investor or market capitulation. It generally means a point at which investors throw in the towel and sell, basically giving up on the asset and the hope of recouping lost gains. Generally, capitulation happens at … Read more