Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
Housing: The Other Bull Market
While everyone has been watching the stock market bounce around all-time highs, there’s another bull market that has also been in uncharted territory. And while stocks impact all those who have retirement accounts, it could easily be argued that the bull market in housing directly affects even more people, and in more tangible ways. If..
Starting Over this Fall
There was a time when the new calendar started after Labor Day — at least mentally. It meant the end of summer and the start of the school year. September meant the start, or re-start, of everything. It’s no wonder many people feel so unsettled these days. The social distancing during the pandemic has pushed..
The Job Opportunity
Every month, the unemployment statistics are watched closely by the financial markets, the news media and the Federal Reserve. It’s the Fed’s mandate to keep inflation low and labor participation high. And recent statements from the Fed show they think the economy is moving in the right direction, absent potential setbacks from COVID-19 variants. The..
Our National Debt
Our national debt is the sum of all the money we have borrowed over our country’s history. It is currently nearing $29 trillion. Sadly, we have grown accustomed to such huge numbers. Now they’re called “MEGO” numbers. That stands for “my eyes glaze over!” To put numbers into perspective, the national debt reached a record..
College Prep & Payment
Parents of college students starting the fall semester have come to the moment of truth — the moment when it’s time to start paying out all that money they’ve been saving and borrowing. There are some rules involved in how you spend scholarship and grant money, as well as money you've saved in tax-advantaged accounts...
A Tale of Two Countries
When it comes to figuring out the economy, let me borrow the famous line from Charles Dickens: “It was the best of times, it was the worst of times....” If you follow the economic headlines, trying to make money decisions that impact your life, it’s understandable that you might be confused. Economists are confused, too!..
