Don’t miss out on the magic of compound interest: the interest you earn on your interest, which continues to grow (or “compound”) year after year. For example, a retirement account worth $10,000 now, growing at 8% annually, will be worth over $46,600 in 20 years.
Word Origin, Buck- - Back in the day, people used the skin of a deer as trade and barter for goods/services. Each skin was referred to as a "buck".
56% of Americans die without a will in place.
Over 50% of millennials do not know what interest rate they are paying on their credit cards. Credit card debt can cost consumers $2,630 per year in interest, assuming an average annual rate of 18%. Avoid these unnecessary costs by paying your credit card bill in full and on time each month.
The average American wants to retire at age 62. While the realistic retirement age for the average American is 72.5.
Kids and Allowance: On average, children in the US get $30 per week. That same survey revealed that 52% of parents believe the entire allowance should be earned and another 27% think it should be partially earned and partially gifted.
The highest paved road in the U.S. resides within Colorado. The Mount Evans Scenic Byway is the highest paved road in the U.S. The road climbs up to 14,258 feet above sea level and guides travelers up steep and curvy terrain to bring them to the top of Mt. Evans, one of Colorado’s famed 14er’s.
People underestimate how valuable loose change can be, in 2018 the TSA collected $960,105 in loose change.