Although the March failures of Silvergate Bank, Silicon Valley Bank and Signature Bank initially raised concerns about the health of the entire banking system, investors have come to realize that these failures were due to firm-specific causes. The overall banking system was, and continues to be, healthy. Equally important, your Arbor portfolios were, and continue...
Cash is what most of us look at as our most liquid of assets. We measure it every time we open our wallets or look at our checking and savings balances. It has become a very popular topic in the last year for many reasons, including that asset liquidity and near-cash investments have been growing...
Though we all wish our cars and homes would always work perfectly, unexpected repairs on the things we use every day are just a fact of life. Whether you lease or own your car, upwards of 70% of drivers report being in one or more accidents throughout their driving history. And about 1 in 20...
Job loss: Though it’s likely to happen to everyone at some point, periods of unemployment can be some of the most difficult, anxiety-inducing financial moments many of us will ever encounter. For most Americans, the majority of income each year comes from earned wages and salary. Without a strong plan in place, losing that income...
When it comes to unexpected expenses, medical bills are among the most common. Whether it’s a broken arm at the playground or a long-term illness, just one visit to the ER or a specialist can cost you thousands of dollars – even if you’re insured. Arbor has been publishing a series on the importance of...
In our last blog, you read about the importance of establishing a financial first aid kit. Financial emergencies – just like medical ones – can happen at any time, and it’s important to have a “first aid kit” of savings, plans, and people that can help you come out the other side of financial burdens....
The millennial generation – or today’s 30- and 40-year-olds – are facing a financial crisis. From the Great Recession to the COVID-19 pandemic, they’ve faced plenty of financial tumult – and it shows. When it comes to accumulating wealth, millennials are trailing 10 times behind their parents’ generation. And that wealth gap becomes a big...
You may have heard about the financial crisis facing the millennial generation, or today’s 30- and 40-year-olds. They’re lagging far behind their parents’ generation in accumulating wealth – in fact, they have ten times less in savings on average. That gap is a large reason why millennials struggle to pay down debt, buy a home,...
When it comes to accumulating wealth, the millennial generation – today’s 30-40-year-olds – are lagging far behind older Americans. While millennials’ median debt levels are far higher than their parents’ generation, they’re trailing in income and wealth, making it harder for them to save for the big financial milestones in life. One of those milestones...
For many generations of Americans, becoming a homeowner feels like one major step towards “making it”. Long considered a cornerstone of the American Dream, homeownership is still widely a symbol of financial stability and success. But today, research shows that the millennial generation – today’s 30-40-year-olds – are lagging far behind previous generations in accumulating...
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