FinanciaRUL

A new survey has many retirees worried for what is to come. Nationwide, the average age of retirement is 63, and while everyone knows how important it is to save for retirement, a new HealthView Services report shows that retirees and those planning to retire soon will need to save a quite bit more than they expected. And no, it is not the cost of living or personal care expenses that is hindering retired Baby Boomers. Rather, it is the … Continue reading “Health Care Expenses Exorbitantly High for the Average Retiree, Report Shows”

Approximately 6.8 million Americans use canes and other devices to assist with their mobility whether due to age or chronic conditions. Unfortunately, the older a person becomes, their chronic conditions become hazards not only to their health, but also to their financial security. Thursday, June 15th marks World Elder Abuse Awareness Day, a day created by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations as a way to increase awareness … Continue reading “Banking Industry Protects Seniors From Fraud as World Elder Abuse Awareness Day Is Observed”

Americans are spending more on their weddings than ever before. It can be easy to get carried away with spending on the big day — it is a celebration of romance, after all — but according to a new survey by WeddingWire, the spending is getting a little out of hand. For example, the average cost of a wedding ceremony and reception was around $16,000 back in 2007. Nowadays, an engaged couple can expect to spend about $28,000. And inflation … Continue reading “Over the Top Weddings Becoming America’s New Normal”

Pinterest is on track for a successful 2017 as the company raises an additional $150 million. According to Business Insider, Pinterest is now valued at $12.3 billion after its new round of funding and business valuation. Business valuation is primarily an economic analysis exercise. The two financial statements necessary for a proper business valuation is income statements and economic balance sheets. Additionally, three to five years of historic income statements and balance sheets might be required for smaller organizations. Pinterest, … Continue reading “Pinterest Valued at $12.3 Billion After Venture Capitalist Funding”

According to a new survey on typical homeowner spending, it is quite costly to be an adult in the United States today. The Bureau of Labor and Statistics has compiled information from 2013 data on household expenses and has found that on average 53% of the typical American salary is spent on only four spending categories. Housing expenses come out on top, representing 16% of the average American’s annual salary. This category includes mortgage and rent payments alone — nothing … Continue reading “Americans Spend Over Half of Household Income on Only Four Expenses, Study Shows”