Around $5 trillion of Americans’ cash is currently held in money market accounts, representing almost half of all bank deposits in the U.S. These accounts are often offered alongside conventional savings accounts, leading many to question which one is better for parking their savings. The answer depends on several factors. Money market accounts are basically...Read More
Young adults are having a particularly hard time in this economy saving money for their future, but they are having no trouble at all racking up large amounts of credit card debt. According to a recently conducted study by Bankrate.com, about one in four Americans report having more credit card debt than emergency savings. Based...Read More
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