Many people are likely unaware of how many entities declare bankruptcy each year. By the end of 2020, 523,917 Americans had filed for bankruptcy. However, the United States isn’t a monolith, and regions can be subject to vastly different financial circumstances than their neighbors. These factors can impact how much credit the average resident or

The crypto market is tough to crack, as it does not adhere to the same rules that the stock market does. It has its own personality, and this can be intimidating to someone who has so far only had experience with trading stocks. Veteran investors themselves exercise a lot of caution when talking about the crypto market’s direction, so you

Welcome one and all to the 100th episode of the Investopedia Express. We are so grateful to all of you for listening and to all of our guests who’ve climbed aboard the Express to make us smarter every single week. Now let’s get down to business, and we got a wake up call to end

After four days of again registering above the 6% bar, rates on 30-year mortgages eased lower Friday, ending the week almost exactly where they were the previous Friday. Today’s National Mortgage Rate Averages Last Monday, the 30-year average climbed back above 6% for the first time since mid-July, and stayed there until Friday, when it

Defaulting on student loans is a fairly common occurrence, although it’s one that can have dire consequences for a borrower’s finances and future lifestyle. That said, the COVID-19 emergency relief in place since March of 2020 protects borrowers with federal student loans from some potential impacts of default, such as wage garnishment and withheld tax

Financial Advisor Career: An Overview Taking on the role of a financial advisor provides a range of opportunities that is available in few career fields. Successful financial advisors offer valuable advice to their clients. In return, they get virtually unlimited earning potential, a flexible work schedule, and their choice of professional specializations. The career also

Whether you’ve done it before or not, the challenge of buying a home can be incredibly daunting. It’s tempting to either just go with the first place that falls in your price range or continue to rent. To help you demystify the process and get the most out of this purchase, let’s examine what you’ll

“The single biggest problem in communication,” according to Geroge Bernard Shaw, “is the illusion that it has taken place.” Financial advisors know what they’re trying to tell their clients, but is that the same as what the client hears? Often, we think of the client experience in terms of services, touchpoints, and products. This understanding

Who We Are Since Investopedia was launched in 1999, we’ve made it our mission to simplify complex financial information and decisions for our readers, giving them the confidence to manage every aspect of their financial life. Our millions of users come to us from all over the world and from all walks of life. Some

James Dimon, known as Jamie, is an American billionaire businessman and financial executive. He became chief executive officer (CEO) of JPMorgan Chase & Co. (JPM) in 2006 and chairman of the firm in 2007. Under Dimon’s leadership, JPMorgan Chase has become the largest U.S. bank by consolidated assets and the largest bank in the world

During March 2020, the U.S. Department of Education extended an array of relief measures aimed at helping borrowers with federal student loans get through the COVID-19 pandemic. The temporary deferment period applied to eligible federal student loans and included the following: A suspension of payments A fixed 0% interest rate A temporary halt to collections