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Lessons From Past Recessions

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The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. What is a recession?

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What Is a Credit Freeze, and Should I Do It?

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However, knowing what a credit freeze is and taking advantage of it can help protect you and your finances. When you freeze your credit, it keeps sensitive data in your credit files from being accessed without your permission. If you don’t want to freeze your credit completely, consider setting up fraud alerts instead.

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How Employers Can Better Serve Neurodiverse Employees in 2023

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According to 2020 research published in the British Medical Bulletin , “a reasonable estimate of all neurominorities within the population is around 15–20%.” Cash worked with an autistic team member who vocalized, in one such meeting, that finance management is an area in which she needs an accommodation.

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7 Apps to Teach Kids About Money

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The days of working hard to earn a buck aren’t exactly gone, but the personal finance landscape is certainly more complicated now than it was a few decades ago. Budgeting and building credit are only the beginning—you also have student loans, mortgage rates and maybe even cryptocurrency and non-fungible tokens (NFTs). Toshl Finance.

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Rent vs. Buy: What’s the Right Decision for You?

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For example, 84% of respondents in a 2020 survey from personal finance site NerdWallet said buying a home is a priority. The shift from renting to purchasing a home typically occurs in someone’s early 30s, according to Palim. “As Whether you are a homeowner or renter, chances are you’d like to become a homeowner someday.

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