Rising tuition costs are leaving them with an average of $35,000 in debt, which is roughly twice the debt of previous generations.
The “bottom 99% incomes grew by 3.3% from 2013 to 2014, the best annual growth rate since 1999.”
As a result of Friday’s history Supreme Court decision recognizing same-sex marriages, equality means these couples nationwide can be eligible for the same Social Security spousal and survivor benefits previously only available to heterosexual married couples.
According to a survey taken this month, only 22 percent said they had enough to pay for at least six months of expenses.
Although the vast majority of couples (72 percent) say they communicate exceptionally or very well when it comes to financial matters, more than four in 10 (43 percent — up from 27 percent in 2013) couldn’t correctly identify how much their partner makes.
Only 28 adequate and affordable units nationwide are available for every 100 renter households with incomes at or below 30 percent of the area’s median income.
Among those with some retirement savings (the remaining 48 percent), the median amount of those savings is about $104,000 for households age 55-64 and $148,000 for households age 65-74.
For recent college graduates, the unemployment rate is currently 7.2 percent (compared with 5.5 percent in 2007), and the underemployment rate is 14.9 percent (compared with 9.6 percent in 2007).
Nationally, a home buyer would need to earn a salary of $47,253.07 to afford the median-priced U.S. home, according to an updated ranking by HSH.com.
He is the Oracle of Omaha, one of the richest persons in the world and a Democrat, but Warren Buffett doesn’t think the current crusade to raise the minimum wage…