On this episode of Your Cheddar hosts Kristen Scholer and Tim Stenovec break down some of the biggest stories in the world of personal finance.
Have you ever heard of the phrase "money can't buy happiness?" Well, that may not be true. According to a recent report by Purdue University, there is actually an optimal amount of money to be happy in life and it's $95,000 a year. The study also found that people who make $60,000-$75,000 a year are a little less happy, but have "emotional well-being."
Plus, U.S. households are carrying record levels of debt. According to the Federal Reserve, outstanding household debt rose by $193 billion to more than $13 trillion last year. Student loans are mostly driving that debt. However, the Reserve says Americans are mostly keeping up with their payments, which is always a good thing!
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
Mark Hamrick, senior economic analyst at Bankrate, breaks down the current housing market and why he’s expecting affordability will get better as the year goes on.
