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....
Becoming a professional athlete is an exciting journey – but it can also be an uncertain one. From contracts to agents to handling personal finance, turning pro involves many more financial complexities than most athletes expect. For some first-time pros, signing their contract may be their first true windfall. Maybe they don’t have time to...
From online shopping to banking to chatting with friends and family, our lives rely more on the Internet today than ever before. That can be convenient – but it can also be dangerous. With more and more financial transactions taking place online, financial fraud has quickly become big business. Last year, the Federal Trade Commission...
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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