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A Drop in Most American’s Net Worth

It started with a CNN article catching my eye - Family net worth plummets nearly 40%.  That article let me a to paper by the Board of Governors of the Federal Reserve System. This paper is titled Changes in U.S. Family Finances from 2007 to 2010: Evidence from the Survey of Consumer Finances. A report [...]

Good Financial Reading This Week

Mike at Gather Little by Little posted 7 Quick Numbers To Fix Your Personal Financial Situation a list of 7 rules of thumb regarding your finances. They included my favorite, the Rule of 72, as well as some I might disagree with, such as the 100 minus your age should be your stock percentage in [...]

Where do you fit in?

There's an attraction to the interactive sites suggesting you plug in your age, sex, etc, and see details related to your category peers. From CNN/Money I found; Yes, I am 45-54. The site also offers median net worth based on your income. Click on the image to be taken to the site to see where [...]