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Jill On Money: Stock market milestones

Business / Jill On Money /

With U.S. stock market indexes reaching new highs and round-number milestones, it is time for a refresher on the differences among them.

Although these measurements have become a quick way to gauge what’s going on in markets, they are by no means the whole story. And of course, your investments may or may not track the path of stock indexes, ...Read more

Jill On Money: Financial interdependence

Business / Jill On Money /

When I field questions about parents helping their adult children financially, there is ambivalence from both sides.

The older generation often feels like they have no choice, but also are dismayed that despite their best efforts, their kids can’t swing it on their own.

Meanwhile many adult children feel shame that they can’t fully support...Read more

Jill On Money: Super Bowl sweethearts

Business / Jill On Money /

Sometimes it’s tough to write about personal finance and make it fresh, but the intersection of a high-profile relationship as Valentine’s Day rapidly approaches, is just the ticket!

In fact, when Taylor Swift kissed boyfriend Travis Kelce to celebrate the Kansas City Chiefs’ victory in the AFC championship game, my mind wandered and I ...Read more

Jill On Money: January jobs jump

Business / Jill On Money /

Astounding! Awesome! Boffo!

Take your pick... contrary to the negative headlines and worries about the economy, the January employment report crushed it.

The economy produced 353,000 jobs to start the year, about two times the expected result. The unemployment rate remained at 3.7 percent and importantly, average annual wages were up by 4.5%, ...Read more

Jill On Money: Tax season opens

Business / Jill On Money /

Taxpayers, start your engines! The tax season officially opened January 29 and the IRS expects more than 128 million individual tax returns to be filed. To mark the event, here are some important facts:

For most taxpayers, the deadline to file their personal federal tax return, pay any tax owed or request an extension to file is Monday, April ...Read more

Jill On Money: Consumers and investors feel better

Business / Jill On Money /

A funny thing happened on the way to 2024: Consumers feel better!

The University of Michigan consumer sentiment index jumped 13 percent in January from December to reach its highest level since July 2021.

The reading follows a sharp increase in December and cumulatively sentiment has climbed 29%, the largest two-month increase since 1991.

...Read more

Jill On Money: Credit card debt resurfaces

Business / Jill On Money /

Debtors’ prisons were abolished by Congress in 1833, which is good news for the millions of Americans.

According to a recent survey from Bankrate, nearly half of consumers (49 percent) say they carry a credit card balance from one month to the next, up a full 10 percentage points from 2021.

And of those who revolve their balances, 58% (56 ...Read more

Jill On Money: Resilience, not recession

Business / Jill On Money /

A year ago, the vast majority of economists were warning that the 2023 economy would be haunted by the letter R, as in RECESSION.

As it turns out, the letter was correct, the word, not so much. In retrospect, 2023 was a year of RESILIENCE for the U.S. economy, led by the pundit-defying labor market.

Throughout the year, we were waiting for the...Read more

Jill On Money: Financial resolutions for 2024

Business / Jill On Money /

Have you made New Year’s resolutions?

If you are a non-believer in the annual ritual, the folks at History.com say that it dates back to “the ancient Babylonians,” who started the trend “some 4,000 years ago.”

Author Daniel Pink added more current context and research to the resolution movement in his 2018 book, When, noting that ...Read more

Jill On Money: Economic lessons of 2023

Business / Jill On Money /

After highlighting some of the investment lessons of 2023 last week, it’s time to turn to the broader economy and the lessons that have emerged.

A year ago, there was an almost universal belief that 2023 would usher in a recession. Economists, analysts, and your cousin were all convinced that the Fed’s rate hikes, combined with inflation, ...Read more

Jill On Money: Santa Claus comes early

Business / Jill On Money /

The early start to the retail holiday season has seeped into financial markets.

As of this writing, stock indexes have completed seven consecutive winning weeks, ushering in the “Santa Claus rally” in late October, rather than in December.

Santa fired up his sled around Halloween and has been sprinkling holiday magic on financial markets, ...Read more

Jill On Money: What’s preventing your Reset?

Business / Jill On Money /

In a recent talk about my book, The Great Money Reset, there were some notable questions which I think are worth covering before you start working on your 2024 life and financial resolutions.

People seek to change direction for lots of different reasons.

There are those who start a career with high hopes and then quickly realize that their ...Read more

Jill On Money: Year-end money 2023

Business / Jill On Money /

Like overeating and watching your favorite holiday movie/show (mine is A Charlie Brown Christmas), it’s time for everyone’s favorite seasonal activity: year-end tax and financial planning!

Sure, focusing on money is a tough sell at this time of year, but a little bit of energy now could help you save or make some money in the future. At the...Read more

 

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