Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Joe Pinsker"


14 mentions found


President Biden said his administration is expanding its crackdown on what he calls “junk fees,” the ambiguous surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases. “We’re going to ban surprise resort fees that hotels charge on your bill,” Mr. Biden said in his State of the Union address on Tuesday. “Those fees can cost you up to $90 a night at hotels that aren’t even resorts.”
Once Flush Savings Accounts Are Starting to Run Dry
  + stars: | 2023-02-06 | by ( Joe Pinsker | ) www.wsj.com   time to read: 1 min
The cushion of savings many built up during the pandemic is thinning out. In some households, it is already gone. Americans have spent down about 35% of the extra savings they accumulated during the pandemic as of mid-January, according to an estimate from Goldman Sachs . By the end of the year, the company forecasts that they will have exhausted roughly 65% of that money.
The cushion of savings many built up during the pandemic is thinning out. In some households, it is already gone. Americans have spent down about 35% of the extra savings they accumulated during the pandemic as of mid-January, according to an estimate from Goldman Sachs . By the end of the year, the company forecasts that they will have exhausted roughly 65% of that money.
Why You Should Wait Until Fall to Buy a New Car
  + stars: | 2023-01-21 | by ( Joe Pinsker | ) www.wsj.com   time to read: 1 min
As inventories grow this year, industry analysts expect prices to cool. In December, there were about 1.1 million new cars on dealers’ lots, and that figure should increase by 80,000 to 100,000 each month, Mr. Jominy says. He thinks that consumers will see better deals once that number hits two million, and estimates that prices could drop by as much as 10% by the end of the year. Luke Sharrett/Bloomberg News
What, if Anything, Can You Do to Prepare for a Recession?
  + stars: | 2023-01-12 | by ( Joe Pinsker | ) www.wsj.com   time to read: 1 min
There is no guarantee a recession is coming in 2023 and it is likely too late for people to make any major financial preparations even if they are convinced one is imminent. Many economists and business leaders expect a recession this year. In October, economists surveyed in a quarterly Wall Street Journal poll on average estimated that there was a 63% chance of a recession in the following 12 months.
Is Now a Good Time to Buy a New Car?
  + stars: | 2023-01-06 | by ( Joe Pinsker | ) www.wsj.com   time to read: 1 min
Americans planning to shop for a new car in 2023 might find slightly better prices than during the past two years, though auto industry analysts say it is likely better to wait until the fall. Since mid-2021, car buyers have been frustrated by rising prices, skimpy selection and long waits for deliveries. A chip shortage bedeviled the industry and constricted supply.
Don’t Just Spend Your Time—Invest It
  + stars: | 2022-12-28 | by ( Joe Pinsker | ) www.wsj.com   time to read: 1 min
When it comes to time, we are born rich and then spend down our fortunes over the years. It may not grow like money in a bank account, but there are ways to get time to pay out a similar kind of interest. The go-to verb for what we do with time is “spend” it. Researchers say it might be better to think of time as something we invest, using our precious hours to accumulate a wealth of fulfillment and meaning that our future selves can draw on.
Six Ways to Protect Your Money in 2023
  + stars: | 2022-12-23 | by ( Imani Moise | Joe Pinsker | Ashlea Ebeling | ) www.wsj.com   time to read: 1 min
The highest inflation in four decades. A bear market in stocks. The past year was a trying one for American households. It strained their budgets, reduced their spending power and clobbered their 401(k) balances. Despite a recent burst of positive news—moderating gas prices and a slowing pace of inflation—many believe the economy will be in worse shape in 2023 than it is now.
If you are secretly hoping to be led outside on Christmas morning and surprised with a new car in the driveway, this may not be your year. Some makers and sellers of car bows, the oversize decorations that sit on hoods and roofs, report a steep decline in business this holiday season. As with many economic indicators of late, the data is mixed. But if weak bow sales are taken as a shiny red indicator, they may foreshadow a drop-off in the number of cars given as gifts this year.
Without student loans, millions of Americans couldn’t afford the degrees that might smooth the road to prosperity. Yet, having student loans can also make it tougher to get far along that journey. People who leave school without loans can have an easier time buying a home, saving for retirement or starting a business, compared with those who have student debt. One aim of President Biden’s student-debt relief plan, currently stalled by legal challenges, is to help borrowers shed debt and progress toward those goals, though critics argue the program is unfair to those who sacrificed to pay for college or pay down their debt.
Millions of student-loan borrowers thought a debt burden was lifted when President Biden announced his student-debt relief program in August. Now their financial plans are in limbo. Some 22 million people have either applied for up to $20,000 in student-debt relief since applications became available on Oct. 14, or were automatically eligible for the program, the White House said. Days later, a federal appeals court temporarily stopped the administration from taking further action, casting doubt over whether the debt will be lifted.
Millions of student-loan borrowers thought a debt burden was lifted when President Biden announced his student-debt relief program in August. Now their financial plans are in limbo. Some 22 million people have either applied for up to $20,000 in student-debt relief since applications became available on Oct. 14, or were automatically eligible for the program, the White House said. Days later, a federal appeals court temporarily stopped the administration from taking further action, casting doubt over whether the debt will be lifted.
As stocks plunged this year, many retirement savers had to fight the urge to check their 401(k) balances, reminding themselves that investing is still a steady, gradual path to prosperity. Many Americans didn’t have to resist that compulsion: They aren’t in the market for the long term. They aren’t in it at all.
Talking money with friends is unpopular across all generations, and more so among older Americans. When asked which topics they regularly discuss with friends, each of the following outranked the topic of money: health, sex and relationships, politics, current events, and pop culture. Although there is some variation among generations, the trend tracks across all age groups — Americans are most likely to talk about current events with their friends and least likely to bring up finances. In this sense, the 'money taboo' is not one taboo but several, each tailored to a different social context," Pinsker wrote. The younger a person is, the data revealed, the more likely they are to ask friends or relatives for financial advice.
Total: 14