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According to the Bureau of Labor Statistics, the average American household earns an average of $82,852 a year before taxes and spends almost 80% of their available income on basic necessities such as housing, food, and clothing. So, how does your household compare? Housing The average American spends roughly 33% of their income on shelter. […]

Recent research1 from the Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) found that 401(k) plan account balances increased significantly between 2016 and 2020 for participants who made regular and consistent contributions to their plan accounts. The study reinforces just how helpful it is for plan participants to contribute consistently to their plan […]

The importance of making a budget is a financial lesson that cannot be overemphasized. If you and your family want financial security, following a budget can be key. Still not convinced? Below are six good reasons why everyone should create and stick to a budget. KEY TAKEAWAYS If you’re like most folks, you probably aren’t […]