Remove 2022 Remove Company Remove Credit Card Remove Retirement
article thumbnail

2023 Financial Forecast: How to Prepare for the Year Ahead

Success

Americans increasingly pulled out their credit cards to pay for a whole slew of more-expensive goods and services, which resulted in the biggest surge in credit card debt in more than 20 years. As you think about your personal finances heading into 2023, credit card debt should be top of mind.

2023 282
article thumbnail

How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. 1 value proposition that Mecham touts when talking with company leaders about why focusing on the financial wellness of their workforce is important.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

Success

According to a 2022 survey by Deloitte, 36% of millennials and 29% of Gen Z cited “cost of living” as their greatest concern. Welcome to adulthood, where your credit score is (hopefully) lit. Credit Karma is a great free resource to track the progress of your credit score. Retired professor Timothy G.

Finance 279
article thumbnail

Lessons From Past Recessions

Success

As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? checking accounts, your emergency fund, or other savings accounts)?

article thumbnail

When Considering Your Investment Strategy, Keep These 3 Rules in Mind

Success

For example, if you’re intrigued by cryptocurrency but don’t want to go all in, you might consider investing in publicly traded companies that are heavy players in the crypto industry or exchange traded funds [ETFs] that allow you to invest in groups of these companies so you don’t have to choose between the best performers.

article thumbnail

How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

Success

When I returned to my office in Atlanta, I shared the nerve-wracking experience with my manager, one of the few Black directors in the company. And despite his willingness to let me vent, I couldn’t help but feel like I needed more from him, from my coworkers and from the company I worked for. Yeah, these things happen.

Medical 277
article thumbnail

Stacey Abrams’ New Co-Authored Book Details the Struggles Black Entrepreneurs Still Face and Why Business Partnership Differences Can Be Your Superpower

Success

At the same time, women-owned ventures account for just 16% of conventional small-business loans and 17 percent of Small Business Administration loans, even though female-owned firms make up a third of all small companies in the U.S. They dip into retirement savings, run up credit card debt or ramp up slowly while juggling day jobs.