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Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside

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Persons: it's, That's, you'll, —, There's, Modest, David McMillin David McMillin, Guy, David, he's, Angela Fung, Read, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read Organizations: Business, Bank of America, Capital, Chevron, Entertainment, Walmart, Gas, Quicksilver, The Bank of America, Review, Finance, Forbes, CNN, University of California, Banking, Education, The University of California Locations: Capital One's, Chicago, Alaska , Utah , Oklahoma, Vermont, Riverside

☆ You need over $100,000 a year to retire comfortably in 3 U.S. states—none are New York
▼ + stars: | 2024-10-19 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

In three U.S. states, you'd need to spend six figures a year to live comfortably in retirement — far more than in most others, according to a recent GOBankingRates analysis. In contrast, retirees in West Virginia need just $58,190 a year — the lowest of any state. Over a 30-year retirement, the difference in savings needed between Hawaii and West Virginia would be over $1.25 million. A 20% cash buffer was added to this total to ensure retirees could live "comfortably," according to the study. Here's a breakdown of the three states where living comfortably will cost more than six figures, per GOBankingRates' calculations:

Organizations: of Labor Statistics Locations: Hawaii , California, Massachusetts, Hawaii, West Virginia

☆ 15 U.S. states where you can retire comfortably on less than $65,000 a year
▼ + stars: | 2024-10-15 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

That's because the annual cost of living can vary by over $71,000 between U.S. states, according to a recent GOBankingRates analysis. Hawaii has the highest average retirement expenses, with an estimated $129,296 a year needed to retire comfortably. In states where housing is in short supply — like Hawaii, California, Massachusetts — the annual cost of retirement exceeds six figures. That said, there are 20 states where you can still retire on or under $65,000. Below is a list of states where annual retirement expenses are $65,000 or less, in alphabetical order.

Persons: you'll Organizations: Labor Statistics Locations: Hawaii, West Virginia, Hawaii , California , Massachusetts

Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

While dogs are a man's best friend, they do add risk to a household and present challenges when you shop for homeowners insurance if you've run into the dog breeds insurance blacklist. Here's how dog breeds can affect your homeowners insurance, including the specific types of aggressive dog breeds that might increase your premiums or limit coverage options. The Most Commonly Restricted Dog BreedsDog breeds insurance blacklist usually varies by carrier, but here are some of the most common dog breeds that homeowners insurance companies tend to restrict. Dog Breeds Banned by Homeowners Insurance FAQHow do I find out if my dog is on the dog breeds insurance blacklist? Yes, some homeowners insurance companies that don't restrict dog breeds include State Farm, Chubb, and USAA.

Persons: Deborah Turner, Turner, Doberman, Danes Chow Chows, Courtnye Jackson, Chubb, USAA —, Jackson, Jamela Adam, Read Organizations: Insurance, Dean Insurance Agency, underwriters, Bulls, Huskies Staffordshire Terriers, Pit Bulls, Rottweilers, Insurance Information Institute, Triple, American Society for, Prevention, American Property, Casualty Insurance Association, American Kennel Club, Forbes, . News, Mint Intuit Locations: New York , Nevada, Illinois

☆ The 10 best retirement towns for America's middle class—5 of them are in Florida
▼ + stars: | 2024-09-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In September, GOBankingRates ranked the best retirement towns in the U.S. for the middle class in 2024. The following factors were then considered for each city:Total populationPopulation aged 65 and overTotal householdsMedian household incomeNumber of households receiving Social Security benefitsNumber of households receiving retirement incomeAverage Social Security benefits for households receiving themAverage retirement income for households receiving itThe data sources used for the report include the U.S. Census American Community Survey, Zillow's Home Value Index and more. GOBankingRates' study found that middle-class Americans will have the most success retiring in Florida, Ohio, and Arizona. The middle class has always flocked to Florida because of its affordability," Ray Marek, GOBankingRates' media outreach manager, tells CNBC Make It. Marek added that despite the rising cost of living in Florida, the data shows that Florida is still a top destination for middle-class retirees who want to live in a place that offers a balance between affordability and quality of life.

Persons: GOBankingRates, Ray Marek, Marek Organizations: Social, Census, Community Survey, Sunshine State, CNBC Locations: U.S, Florida , Ohio, Arizona, Florida

☆ Costco's members are getting younger as millennial and Gen Z shoppers flock to wholesale clubs
▼ + stars: | 2024-09-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco is the latest warehouse club to tout its growing popularity with millennial and Gen Z shoppers. Sam's Club has reported similar trends as younger shoppers look to stretch their budgets. AdvertisementOne of the hottest clubs for millennials and Gen Z continues to be the wholesale club. AdvertisementThe news echoes results from Sam's Club, the Walmart-owned club store, where Gen Z membership has grown by 68% in the past two years. Related stories"That generation believes it's cool to save money, and we agree with them," Sam's Club CEO Chris Nicholas told CNBC in June.

Persons: —, Gen Z, Gary Millerchip, Millerchip, GoBankingRates, Dominic Wright, Placer.ai, That's, Hottovy, Chris Nicholas, Nicholas, Corey Tarlowe, Jordan, Ford Pinto, TJ, Tarlowe, you'll, Mercedes, Costco's Kirkland, Club's, Mark Organizations: Costco, Sam's, Service, millennials, Analytical Research, Business, Sam's Club, Walmart, CNBC, Jefferies, Price Club, TJ Maxx

☆ 10 of America's fastest-growing suburbs with home values under $500,000—6 are in the South
▼ + stars: | 2024-09-05 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The fastest-growing suburb in the U.S. isn't near a major city like New York, Miami, or Los Angeles. In August, GOBankingRates looked at the population change from 2020 and 2022 and focused on cities with a 9% or greater change in the same years. The suburbs had to have a July 2024 home value below $500,000. The South reigned supreme, with six regions in the top 10—Mooresville, North Carolina took the No, 1 spot on the list. In July 2024, Mooresville had a home value of $480,430 and a 29.94% change in total population over the 2020-2022 period.

Persons: GOBankingRates, Mooresville Organizations: NASCAR, IndyCar, NASCAR Technical Institute Locations: U.S, New York, Miami, Los Angeles, North Carolina, States, Florida, Arizona, Charlotte

☆ The death of the personal check: As retailers move toward 'check zero,' here's what that means for you
▼ + stars: | 2024-07-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Nadya Lukic | E+ | Getty ImagesMost Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks a month in 2023, according to a recent report by GoBankingRates. In fact, in the years since the Covid pandemic, Americans have fully embraced contactless and digital payment methods, while check writing has steadily declined into near-oblivion. Some retailers rule out paper checksAs of July 15, Target joined a growing list of retailers, including the Aldi supermarket chain, Whole Foods, Old Navy and Lululemon, that no longer accept personal checks as payment. So, if personal checks are heading toward extinction, who, if anyone, is affected?

Persons: Nadya Lukic, Target, Scott Anchin, Anchin Organizations: Getty, GoBankingRates, Aldi, Foods, Navy, Independent Community Bankers of America

☆ Here's the median salary in the 25 biggest U.S. cities—see how you compare
▼ + stars: | 2024-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research. In Detroit — which is ranked 30th in population size — the median income is $40,574. The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest.

Organizations: Seattle, Boston, Motio Research, Detroit Locations: California, San Francisco, Francisco, Jose , California, Washington, Diego, Oakland, Virginia Beach , Virginia, Austin , Texas, Portland , Oregon, U.S, New York

☆ Goodyear, Arizona to Fort Myers, Florida: 10 fastest-growing retirement hot spots in America, according to a new study
▼ + stars: | 2024-06-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

When Americans think about where to retire, they're pretty likely to think about Florida and a June GOBankingRates study of the fastest-growing retirement hot spots around the U.S. shows just that. Four of the top 10 retirement hot spots ranked in the study are in Florida. The Sunshine State also landed 12 spots on the top 50 list. To determing the ranking, GOBankingRates looked at every city in the U.S. that met the following criteria: had at least 7,500 people aged 65+ living in the area as of 2022 and a 65+ population above the national average of 16.5%. All data used in the study was sourced from the 2022, 2021, and 2017 American Community Surveys conducted by the U.S. Census Bureau.

Persons: GOBankingRates Organizations: The Sunshine State, U.S . Census Locations: Florida, U.S

☆ These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor
▼ + stars: | 2024-06-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Most of its residents are millennials, with its residents' median age being 33.6 years. As with Atlanta, most of its residents are millennials, with its residents' median age being 33.1 years. The median age of San Diego residents is 35.8 years. But it's also true that housing in San Diego trends toward the pricier end. San Diego, along with four other Californian cities, was marked as "impossibly unaffordable," according to the 2024 Demographia International Housing Affordability report.

Persons: —, Josh Altman, Altman, Sean Pavone, Eric Johnson, Pengyu Cheng, Michael Warren, Wager, it's, Altman didn't Organizations: Service, Business, Getty, Dallas, Texas, Popular, Disney, San Locations: Atlanta, Dallas, Orlando, Phoenix, San Diego, Texas, California, San Francisco, Eola, Miami, Arizona's, San Diego , California, Los Angeles, US

☆ The salary you need to be considered middle class in every U.S. state—it's close to $200,000 in 2 of them
▼ + stars: | 2024-05-16 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

In the U.S., whether you're considered middle class or not may depend on where you live. In some states, you can earn over $150,000 and still be considered middle class. The personal finance site defines "middle class" as households with an annual income that is two-thirds to double a state's median income. In Maryland, you're considered middle class if your income falls between $65,641 and $196,922, according to GOBankingRates. Here's the income range that qualifies as middle class in every U.S. state, listed in alphabetical order.

Persons: GOBankingRates, It's Organizations: Survey, Maryland, Census Locations: U.S, — Maryland, New Jersey

☆ This is the salary it takes to be considered rich in every state
▼ + stars: | 2024-04-26 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

The richest of the rich live in Washington, D.C., where it takes a salary of $719,000 to land in the top 5% of earners. Washington state has seen the most dramatic growth in what it takes to be rich in recent years, according to the report. By 2022, the salary it takes to stay at that level is more than $544,000. Back then, only Connecticut and Washington, D.C., had a 5% top-earning threshold of $500,000. Here's the salary it takes to be considered in the top 5% of earners in each state, listed alphabetically, plus Washington, DC:

Persons: Andrew Murray, Murray Organizations: Washington , D.C, Survey, Amazon, GoBankingRates, D.C Locations: America, Washington ,, Connecticut, Washington, Seattle, U.S, Washington , California , Massachusetts, Hawaii, Virginia, Colorado , New York , New Jersey , Illinois, Maryland, DC

☆ You need at least $1 million to retire comfortably in these 10 U.S. states—half are in the Northeast
▼ + stars: | 2024-04-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual's 2024 Planning and Progress study. But in certain states, like Hawaii, you'd actually need more than that. The minimum amount of savings you'd need to retire in the Aloha state is $2,051,077, according to a GOBankingRates study. It also looked at each state's cost of living through the Missouri Economic Research and Information Center state-by-state cost of living index, based on the Council for Community and Economic Research survey data. Here are the 10 states where you'd need the most to retire comfortably, according to GOBankingRates data shared with CNBC Make It.

Persons: GOBankingRates Organizations: Security, Bureau of Labor Statistics, Survey, Missouri Economic Research, Information Center, Council for Community, Economic Research, CNBC Locations: Northwestern, Hawaii, you'd, Aloha, Missouri

☆ Why a $100,000 income no longer buys the American Dream in most places
▼ + stars: | 2024-04-16 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

"The benchmark of a six-figure salary used to be the gold standard income," Sabrina Romanoff, a clinical psychologist, told CNBC. "It represented the tipping point of finally earning a disposable income and building savings and spending based on your wants, not just your needs." "It becomes increasingly hard for many families to be able to attain that sort of middle-class lifestyle, that American Dream," Gould said. Consumers using the popular 50-30-20 budget guideline aim to spend 50% of their income on essential expenses, with another 30% for discretionary spending and the remaining 20% for savings. Using that framework, GoBankingRates found that all 50 states require more than a $100,000 annual income, according to the report, with 38 states needing more than $140,000.

Persons: Sabrina Romanoff, haven't, Elise Gould, Gould, GoBankingRates, Jason Reginato Organizations: CNBC, SurveyMonkey, Economic Policy Institute, Consumers

☆ The top 5 U.S. cities to retire if you don't have any savings—only 1 is in Florida
▼ + stars: | 2024-03-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

If you've got nothing saved for retirement, you're not alone. Nearly 30% of Americans have $0 saved for retirement, per recent data from personal finance website GOBankingRates. The average monthly benefit is around $1,773 as of February, per the Social Security Administration. It ranked each city on a variety of metrics, including the city's average home value, annual grocery costs, annual utilities costs and whether the state taxes Social Security benefits. Here are the top five places in the U.S. to retire if you have little to no savings, according to GOBankingRates.

Persons: you've, Anne Lester, Roth, GOBankingRates Organizations: CNBC, Roth IRA, Social Security, Social Security Administration, Social, U.S, Survey, Tax Foundation, Bureau of Labor Statistics, Expenditure Locations: U.S

☆ California, not Florida, is home to the richest retirement towns in the U.S., according to a new report
▼ + stars: | 2024-03-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

There's plenty of towns across the U.S. where Americans can retire affordably and live out their golden years without breaking the bank. Earlier this month, personal finance site GoBankingRates.com ranked the richest retirement towns in the country. Of the 10 richest retirement towns in the country, the wealthiest has a median household income of $166,747 while the No. 10 town's median income is $124,460. California towns dominated the list, with the Golden State being home to not only the richest retirement town in the country but also four of the top 10.

Persons: affordably Organizations: Survey, U.S . Census, Golden State Locations: California, Meanwhile Florida

☆ These are the 10 top-paying U.S. cities where women outearn men
▼ + stars: | 2024-03-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Nationwide, women outearn men in just 42 U.S. cities out of an analysis of some 1,800 cities, according to a new GoBankingRates report using Census Bureau data. : Women earn a median $69,983 a year Oakland, Calif.: Women earn a median $68,260 a year Goleta, Calif.: Women earn a median $65,030 a year Laurel, Md. : Women earn a median $65,008 a year Monrovia, Calif.: Women earn a median $62,016 a year Hackensack, N.J.: Women earn a median $60,237 a year Newark, Del. : Women earn a median $58,769 a year Chamblee, Ga.: Women earn a median $58,590 a yearIn each of these cities, women outearn men by a share of .14% to 18.95% of what men earn. However, men outearn women in each of these cities by a rate of 60% to 70%.

Persons: Bowie, Andrew Murray, Murray, San Organizations: Washington D.C, CNBC, Research, Department of Defense, Calif Locations: U.S, Md, Clinton, Fort Washington, Oakland, Calif, Goleta, Laurel, Monrovia, Hackensack, N.J, Newark, Del, Washington, Jacksonville, N.C, Los Altos, Saratoga, McLean, Va, San Carlos, Wellesley, Mass

☆ 10 cities with the lowest salaries needed for a comfortable life — 4 of the top 5 are in Texas
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Texas cities Houston, El Paso, and Lubbock require the lowest salaries for comfortable living. New York City has the highest salary to live comfortably, followed by many in California. AdvertisementResidents of Houston, El Paso, and Lubbock, Texas, require the lowest salaries to live comfortably, a new SmartAsset analysis found. Lubbock came in third at $75,739 a year for a single adult. Other cities in the top 10 included Milwaukee, Tulsa, and Cleveland, which all have hourly wages below $40 for a single adult.

Persons: —, Houston, Francisco Organizations: New, Service, Texas — El Paso, Lubbock Locations: Texas, Houston, El Paso, Lubbock, New York City, California, Houston , El Paso, Lubbock , Texas, Payscale, Texas —, Milwaukee, Tulsa, Cleveland, Jose, Irvine, Santa Ana, Texas , Tennessee, Oklahoma

While there's no universal minimum credit score to rent an apartment, landlords generally prefer applicants with a good credit score, which is at least 670. While your credit score will suffice for some landlords, under the Fair Credit Reporting Act, landlords are also allowed to view your credit reports. The average credit score of a Gen Z consumer is 680 compared to the average baby boomer's credit score of 745. Though these services won't directly help you build credit, keeping track of your credit score is a crucial part of the credit building process. Apartment credit score requirements frequently asked questionsCan you rent an apartment if you do not have credit?

Persons: —, TransUnion, Kendall Meade, Jay Zigmont, Will, Jamela Adam, Read Organizations: Fair, Childfree, Forbes, . News, Mint Intuit Locations: AnnualCreditReport.com, SoFi, Chevron

☆ How much money Americans have in their savings accounts—nearly half have less than $500
▼ + stars: | 2024-01-24 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023. About 29% of respondents have between $501 and $5,000 in their savings accounts, while the remaining 21% of Americans have $5,001 or more. This leaves them vulnerable to unexpected expenses, underscoring the importance of having an emergency fund, if they're able to build one. Why an emergency fund is importantFinancial planners commonly recommend keeping a reserve of cash, known as an emergency fund, on hand to cover unexpected expenses. To get started, you'll need to find room in your budget for monthly emergency savings contributions, which can be easier said than done.

Persons: Alex Lozano, Christopher Lazzaro, Lazzaro, Lozano, It's Organizations: Lozano Group Wealth Management

☆ This underused savings tool could earn you guaranteed 5.5% interest—but you'll want to act quickly
▼ + stars: | 2024-01-16 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

With CDs, you deposit a specific amount of money for a fixed period of time — months or years — at a guaranteed rate of interest. While you can't prematurely withdraw those funds without paying a penalty, the trade-off is that CDs tend to offer higher interest rates than most savings accounts. That's much higher than the average annual percentage yield you'll find for traditional savings accounts, which was 0.57% as of Jan. 16, 2024, per Bankrate. While high-yield savings might offer APRs more comparable to CDs, you can often find CDs with slightly higher rates. Some CDs also offer higher yields than one-year Treasury bonds, which are comparably safe investments.

Persons: Gen Zers, Jay Zigmont Organizations: Federal Reserve, Federal Deposit Insurance Corporation, Childfree

☆ How much money you need to retire in every U.S. state—it's at least $1 million in 16 places
▼ + stars: | 2024-01-15 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Those totals were then multiplied by 25 or 30 years, excluding Social Security payments, since those benefits would supplement retirees' personal savings. The study assumes that retirees will receive annual Social Security payments of $21,566.76, the U.S. average based on the most recent information provided by the Social Security Administration. For a 25-year retirement, you'd need just over $2 million in Hawaii — the most of all states by far. That's followed by Massachusetts, California and New York, along with 12 other states where you'd need at least $1 million saved up to retire. In contrast, you'd need less than $700,000 for a 25-year retirement in West Virginia, the lowest in the country.

Persons: GOBankingRates, you'd, That's Organizations: Bureau of Labor Statistics, Missouri Economic Research, Information Center, Social, Social Security Administration, U.S, Social Security Locations: U.S, Missouri, Hawaii, Massachusetts , California, New York, West Virginia

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