Millennials and Financial Education
It may no longer come as a surprise to anyone that Millennials do not have an excellent grasp on the management on money. Studies suggest that even with greater financial burdens from economic uncertainty and student loans, they are still lagging behind in basic financial education.
David Lerner Associates to Sponsor Three "Music Under the Stars" Concerts in the Town of Oyster Bay
David Lerner Associates, a privately held securities broker dealer headquartered in Syosset, New York, announced it will once again sponsor three individual Music Under the Stars outdoor concerts in the Town of Oyster Bay. The free summer concerts are sponsored by David Lerner Associates to bring the community together to enjoy great music and beautiful weather.
Nervous Decisions are Costing Investors Money
The stock market is always moving up or down. The aim of all investors is to make money, but a recent study found that the roller-coaster nature of the market can lead some investors to make rash decisions that may cost them a lot of money.
David Lerner Associates Announces 7th Annual Charity Car Show
David Lerner Associates, a privately held securities broker dealer headquartered in Syosset, New York, announced today the 7th Annual David Lerner Associates Charity Car Show will be held on Sunday, July 17, 2016 at David Lerner Associates headquarters, 477 Jericho Turnpike, Syosset, New York 11791. All proceeds from the event will be donated directly to the Nassau-Suffolk Chapter of the Autism Society of America to assist Long Island families affected by autism.
A New Look at the American Dream
Whenever the conversation turns to financial goals and a secure future, certain ideas at the core of The American Dream pop up - save for retirement and own your own home are two of those. However, times have changed economically.
Credit Card Debt on the Rise in America
Even though America is economy is in somewhat better condition now, studies show that credit card debt is at the highest level since 2008. Based on data from the Federal Reserve, outstanding credit card debt is set to hit $1 trillion in 2016. This indicates that consumers are reverting to pre-recession spending patterns.
The Retirement Spending Smile
Most people assume that once you retire, your spending pattern will be the same year-to-year. Research has shown that this, in fact, is not the case. Two studies came to the same conclusion. We spend more at the beginning of retirement and again towards the end. The graph of a retiree is spending pattern looks like a big smile.
College Students Personal Finance Grade a C or Worse
In a LendEDU study of 455 college students, 59% rated their ability to manage their money and their finances at a C grade or worse. The survey posed 25 questions to the students, covering how they felt about their financial knowledge to spending habits, budgeting, and saving.