Trending Now :
The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]
If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]
Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep a roof over their heads. In response to this mounting challenge, Vice President Kamala Harris has unveiled a sweeping plan aimed at lowering housing costs and expanding access to […]
Democrats keep floating the idea of taxing unrealized gains, but let’s be real—it’s a non-starter. Why? Because they’re unrealized. Sure, they’ll tell you it’s aimed at the ultra-wealthy, those sitting on $100 million or more, and they’ll calculate it by subtracting liabilities from assets—essentially boiling it down to net worth. But let’s pause for a […]
From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]
From roadshow to bankruptcy sounds like a title to a country album, but it is not. All financial metrics show that WeWork might end up filing for bankruptcy just weeks after the company was pitching its stock to investors. WeWork’s...
By Article Posted by Staff Contributor
Elizabeth Warren taxes Rembrandts; we, the middle-class, could not agree more. I received the 2019 Notice of Proposed Property Taxes and Proposed or Adopted Non-ad Valorem Assessments from Palm Beach County earlier this month. This long and complicated title is...
By Article Posted by Staff Contributor
The American middle-class has nearly 50,000 new heroes to pay homage and commemorate. Those new heroes are the auto workers, all across the country, who have been on strike since September 16. Thirteen days later, they are still on the...
By MacKenzy Pierre
Refinancing your credit card debt is the best way to take advantage of this era of cheap money. The average interest rate on the 30-year fixed mortgage, new car loan, and used car loan is about 3.64, 4.62, and 5.32...
By MacKenzy Pierre
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite years of economic growth and increased financial services accessibility, millions of...
By FMC Editorial Team
The question of whether to rent or buy a home has been overanalyzed by just about everyone with a calculator and an opinion. And yet, too...
By MacKenzy Pierre
Introduction: The Safety Net You Can’t Afford to Ignore Life is full of unexpected events—whether it’s a surprise medical bill, a sudden car breakdown, or a...
By Article Posted by Staff Contributor
Maximize Your Retirement Savings in 2024: Key IRS Adjustments to Know Saving for retirement just got a bit easier—and potentially more lucrative—thanks to new cost-of-living adjustments...
By Article Posted by Staff Contributor
The Bureau of Economic Analysis (BEA) report indicates solid economic growth in the third quarter of 2024, with the U.S. real GDP increasing by 2.8% annually....
By FMC Editorial Team
Introduction: Why Zero-Based Budgeting? Have you ever gotten to the end of the month and wondered where all your money went? You’re not alone. Most people...
By Article Posted by Staff Contributor
When you’re on the hunt for a credit card, there are many things to consider—the rewards program, perks, fees, and perhaps most importantly, the Annual Percentage...
By Article Posted by Staff Contributor
You might think delaying your financial decisions isn’t a big deal. But let me tell you, financial procrastination can cost you more than you realize. It’s...
By Article Posted by Staff Contributor
Being underwater on your car loan can feel like you’re sinking financially, but you’re not alone. According to the Federal Reserve Bank of New York, auto...
By MacKenzy Pierre
In the Federal Reserve Bank of New York’s second quarter of 2024, household debt in the U.S. increased by $109 billion, bringing the total to a...
By FMC Editorial Team
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite...
The question of whether to rent or buy a home has been overanalyzed by just...
Introduction: The Safety Net You Can’t Afford to Ignore Life is full of unexpected events—whether...