Over the past year, the Fed has lowered interest rates three times, a move that has inspired a mortgage-refinancing boom among millennials.
Back in 2008, the author was working as a cashier and was afraid to put any of her disposable income into the stock market.
The average monthly student-loan payment is $393 — that could pay off the average household credit-card debt in just over a year.
Bridgeport, Connecticut has the most residents dealing with credit card debt, followed by New York City and Virginia Beach, Virginia.
Fidelity CEO Abigail Johnson told the Wall Street Journal that she was taught to be careful with debt and always plan for the long term.
According to GoBankingRates' data, many cities in California, Florida, and Arizona are becoming too expensive for retirees.
In some expensive housing markets, it can still be a stretch for even the highest earners to comfortably afford a home, a LendingTree report found.