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How Does Compound Interest Work?
Some investments pay interest not just on the principal, but also on the interest over time. The Rule of 72 is an easy calculation to estimate how long it will take to double your money with compound interest.
What Is Financial Literacy and Why Should You Care?
Financial literacy means understanding how to earn, spend, save, manage and invest money. It also means understanding how the economy works.
A Snapshot of Record-High U.S. Household Debt
Total housing debt hit $9.95 trillion at the end of 2019, a level not seen since late 2008 in nominal terms. Student and auto loans rose by about 150% and 50% over that period, making up increasing shares of U.S. household debt.