Monthly Archives: January 2019

Americans 401K balances as of the end of 2018

Each year Fidelity reports on how much Americans have saved for retirement and what the median account balance is. The latest 2018 data has just come out today. Fidelity is a great source of this data as they are the largest 401K provider in the US, and they have over 16 million accounts under management. See the data below. We regularly report on emergency savings, retirement data, auto loans and credit card debt, etc. as we continue to try to bring visibility to all of these issues. Financial literacy and …

Adults spend over $300 per year on state lottery drawings

State lotteries are a waste of money. I was watching 60 Minutes last night, and I was stunned to learn that the average American adult (18 years or older) spends about $318 per year on lotto tickets. This is according to the US Census Bureau as pulled from 2018 data. The government agency reports that there are over 229 million Americans over the age of 18 and the total lottery spend last year was 73 billion dollars, thus the $318 average. As we report on, statistic after statistic shows that …

Financial assistance for furloughed government workers

There are a number of emergency financial assistance programs available for furloughed workers, free items, short term jobs, and other resources for the roughly 800,000 federal government workers who are not getting paid. Below you will find different categories of assistance, whether for housing or rental needs, food, utilities, car payments, credit cards or financial resources for paying other bills. Both the government and charities/non-profits may offer support. We also have listed some ideas on how a furloughed worker can make a few dollars while they are waiting for the …