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Joined October 2010
Americans now face a 16-year wait to save enough for a first home's down payment and closing costs, twice as long as in 2019, according to a new report from the Center for Responsible Lending. With mortgage rates above 7%, soaring home prices and rising living expenses, homeownership is becoming increasingly difficult to achieve, widening the wealth gap between homeowners and renters.
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Personal finance guru Suze Orman has offered tons of advice to help people get out of debt, save money and pursue their retirement goals. money.com/suze-orman-new-mon…
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Amazon is hiring more than 300,000 seasonal, part-time, and full-time workers across the U.S. ahead of the holiday shopping rush. Seasonal employees earn an average of $20 an hour, while full-time operations workers start at $20, with average hourly pay nearing $24. Beginning January 1, 2027, seasonal employees working at least 30 hours weekly will also qualify for healthcare plans starting at $5 a week.
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As competition among issuers heats up, companies are looking for fresh ways to land your business, and the high costs of pet supplies and vet services are an ongoing pain point for consumers. money.com/best-credit-cards-…
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Elon Musk says he plans to distribute SpaceX stock to young people across the country, a proposal that could benefit more than 72 million children and carry a total value of approximately $10.5 billion. At current prices, each share is worth around $146. However, Musk has yet to explain who will qualify or how the shares will reach families, leaving major questions about the ambitious pledge unanswered.
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Adding gold to an investment portfolio may not make sense for everyone, but there are some myths that suggest gold is only for a small subsection of investors. money.com/8-gold-buying-myth…
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