#financial-behavior

#financial-behavior

"Balances of traditional savings and checking accounts have stagnated, but Americans are continuing to spend at surprising levels. This disconnect has puzzled economists."

Common signs of financial trauma include hypervigilance, avoidance of financial responsibilities, and feelings of shame related to monetary issues. Individuals may ruminate over past financial decisions and avoid confronting bills or financial statements.

44% of Americans engaged in 'vibe-based budgeting,' adjusting spending based on the perceived feelings of the economy, rather than personal financial changes.

Women are much more risk-aware. I would like to call it much more realistic in their own ability to invest.

Though Ramsey's viewpoint and advice shouldn't be taken as gospel, I do think that he means well to his listeners and wants to give them pointers.

Credit card rewards are becoming essential for young Americans who want to afford luxury experiences, creating a culture of perks-focused spending as costs rise.