Money

Why are used cars so expensive right now?

How a supply chain shortage is leading more people to the used car market. In January 2020, Eddie Lee was on the verge of selling his 2013 Dodge Charger, but he wasn’t impressed with the amount CarMax offered: $9,500. “It wasn’t a great offer, and I...

Is a housing market crash on the way in 2021?

With the real estate market experiencing surging prices, scant inventories, and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down — in other words, are we headed for another housing market crash? Memories of the Great Recession...

One in three Black Americans with unfavorable credit say they are more likely to win the lottery than to leave money to family when they die

Survey from Self Financial Reveals the Impact of Credit Challenges in the Black Community AUSTIN, Texas, March 11, 2021 (GLOBE NEWSWIRE) -- Self Financial, a leading fintech startup enabling consumers to build credit and savings, today released the results of a third-party survey examining the impact of...

Race and income inequality: A stark gap exists in the wealth of Americans

What Is the Racial Wealth Gap? Although the term "racial wealth gap" technically refers to the difference in assets owned by different racial or ethnic groups, this gap results from a range of economic factors that affect the overall economic well-being of these different groups. The...

Car Insurance Costs Dropped Due to the Pandemic. What Do Experts Predict for 2021?

For drivers, a teeny-tiny silver lining of the pandemic last year was cheaper car insurance. Experts say savings are likely to continue in 2021, but how much drivers may get back remains in question. Americans are back on the roads today in greater numbers than they...

COVID vaccine won’t be immediate savior for retailers, malls

The scars of the pandemic will remain for some time, even after it ends. Per a study released yesterday by First Insight, 60 percent of respondents insisted that spikes in Covid-19 across the country are deterring them from shopping in stores. And unfortunately, via the same...