The Currency - Money

What is the average net worth by state?

Tracking your net worth is a common way to gauge your financial health. Here's a benchmark of the average and median net worth of people who use the free Empower Personal Dashboard^TM, broken down by state.

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Capital markets perspective: Further evidence required

Fed officials are on watch for evidence that the economy might be reverting to its old inflationary tendencies. They almost certainly didn’t find reassurances in last week’s retail sales report, which showed that U.S. consumers are still in a spending mood.

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How to manage a windfall

Suddenly coming into cash can be exhilarating (just ask the new winner of the $1.6 billion-plus Maga Millions jackpot), but it can pitfalls. Get our take on a few general guidelines for how to deal with a large windfall.

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What is financial liability?

Find out what personal and business financial liability is, how to identify liabilities from expenses and assets and how to maintain a healthy financial status.

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Cold hard cash

In an era of hyper-digitalization, there's a palpable sense of security in what’s real. Tactile. Owned and earned. At least, that’s what the 28% of Americans who told us they “feel safer” keeping money in cash seem to think.

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A third of Americans feel ‘safer’ with cash

Sometimes the tangible sets us at ease. Such can be the case with cash: We hold it, count it, and count on it in times of market volatility and economic uncertainty. Get strategies for stashing cash from a financial professional.

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Time after time

Nostalgia is a powerful force – for example, remember when Amazon just sold books? The U.S. grocery market is estimated to be $1.5 trillion and Amazon is reaching for a bigger piece of the pie.

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Capital markets perspective: Full faith and credit

Both “faith” and “credit” took a hit last week, and it’s probably not great news for the economy at the margin. But that other element of the economy that everyone’s so focused on right now – jobs – really didn’t suffer any major blows at all.

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July market recap

Stocks powered higher in July, invigorated by signs that the central bank’s battles against inflation may prove successful without dumping the economy into recession.

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Let's hit the books

Pencils down: Q2 results are in from approximately half of the S&P 500 – and nearly 80% of companies have reported earnings above analyst forecasts, according to FactSet. Another quarter is in the books, and it’s officially earnings szn.

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Capital markets perspective: Soft landing or economic doom?

A philosophical disagreement about the future path of U.S. growth has sprung up between those who view a recession as unlikely and others who hold onto an apocalyptic prediction. At least one thing is certain: This is the debate that’s currently driving markets.

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APR vs APY: What’s the difference?

Whether you’re looking to invest your money in an interest-bearing account or apply for credit, it’s important to understand the terms APR and APY. While these two terms are both used to measure interest, they are very different. Learn the distinctions and how to calculate each.