42% of Gen Zers Believe They’ll Have More Money Saved a Year From Now, While...
It’s been more than a year since the U.S. had its first confirmed coronavirus case, but the latest MagnifyMoney survey is showing signs of financial optimism — especially among the youngest...
View Article55% of Consumers Are Relying on a Tax Refund, But Misconceptions Could Cost Them
Tax Day in April can be one of the most dreaded days of the year, unless you’re receiving a refund. With 55% of taxpayers relying on a refund this year, according to the latest MagnifyMoney survey,...
View ArticleClik here to view.
Best Places for Remote Workers in Florida
Remote work can open doors when location isn’t a concern. Moving closer to family, pursuing a lower cost of living or visiting loved ones for an extended period are all possible when you can work...
View ArticleNearly 70% of Americans Are Frustrated By Low Savings APYs
Almost 70% of Americans are feeling frustrated that the money they’re saving isn’t growing, according to a new MagnifyMoney survey of more than 1,000 consumers. DepositAccounts founder Ken Tumin says...
View ArticleBanks Collected $114 Billion More in Fees Than They Paid in Interest Over the...
.lightblue-box {margin-bottom: 15px;} Deposits in U.S. commercial banks grew substantially in 2020, from $13.2 trillion at the start of January to $16.1 trillion at the end of December — a 22%...
View Article53% of Households Are Dual Income — And That Percentage Has Risen
It’s becoming increasingly common for households to have more than one income earner. From 2010 to 2019 (the latest available federal data), the percentage of dual-income households rose from 51.9% to...
View ArticleClik here to view.
A Third of Full-Time Workers Had Their Pay Cut in Past Year
At this point, we’re more than a year and a half into the coronavirus pandemic, and many workers are still feeling the impact of this global event. According to the latest MagnifyMoney survey of almost...
View Article25 Largest Banks in the U.S. — and the 25 Most Popular
The 25 largest banks in the U.S. have a combined $15.1 trillion in assets, according to the latest quarterly report from the Federal Deposit Insurance Corp. (FDIC). Some of these major banks hold...
View ArticleStates That Needed Advance Child Tax Credit Payments the Most
In March 2021, Congress passed the American Rescue Plan, which — starting in July 2021 — provided families payments of up to $300 a month for each child younger than 6 and up to $250 a month for each...
View ArticleClik here to view.
Nearly 70% of Parents Who Have Child Care Say Costs Put Strain on Monthly Budget
The coronavirus pandemic has changed almost everyone’s lives, but many parents have had to navigate especially choppy waters. With schools having sporadic periods of virtual learning and day cares...
View Article
