Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Survey Finds 37% of Americans Overspent This Holiday Season
by Fioney Staff
In 2018 Americans spent more than $850 billion during the holiday shopping season. That spending level not only rose 5.1% from 2017 but also made it the highest total in six years. Now, according to a new survey by the personal finance site WalletHub, more than one-third of shoppers say they actually overspent this past holiday. WalletHub's study found that 37% of respondents felt they overspent during the 2018 holiday season.... Economic News
Which States are Most Affected by Government Shutdowns?
by Fioney Staff
As you're surely aware the United States federal government is currently involved in a partial shutdown. While such shutdowns have become fairly common in recent years, the latest seems a bit different in that its now past the two-week mark with no end in sight. This led the personal finance site WalletHub to study which states are the most and least impacted by the federal government shutdown. Easily topping WalletHub's study... Economic News
U.S. Stock Markets Close Worst Year in a Decade
by Fioney Staff
The U.S. stock markets managed to end the year with a rollercoaster run, leading to a winter flurry of headlines. Following the worst Christmas Eve trading session ever — that resulted in the Dow Jones Industrial Average losing more than 650 points and brought the S&P 500 into a bear market — the post-Christmas trading day brought a largest single-day point gain in history. Since then stocks have continued to...