Economic Update 05/22/17

By Robert Pagliarini on May 22, 2017

CONSTRUCTION ACTIVITY SLOWED IN APRIL Against expectations, both housing starts and building permits declined in the fourth month of the year. Newly released Census Bureau data shows a 2.5% retreat for permits and a 2.6% pullback for starts last month. The key factors: a 9.2% drop in starts for multi-family projects (which have declined for…

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5 Mistakes To Avoid When Handling An Inheritance

By Robert Pagliarini on May 19, 2017

If you’ve been lucky enough to receive an inheritance, you might be tempted to start spending. After all, a few small indulgences couldn’t hurt, right? Take a deep breath and slow down. Two of the most common inheritance mistakes we see are that people move too fast and spend or give too much. Instead, develop…

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21 Innovative Ideas for Office Pools

By Robert Pagliarini on May 18, 2017

Robert was recently featured on Fit Small Business, offering expert advice on successfully setting the rules for a fair office lottery pool. Read the full article here: 21 Innovative Ideas for Fun Office Pools

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Economic Update 05/15/17

By Robert Pagliarini on May 15, 2017

A SOLID RETAIL SALES READING Americans bought more in April. The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain. Headline retail sales were up 4.5% across the 12 months ending in April. Core retail sales rose 0.3% in the…

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Economic Update 05/08/17

By Robert Pagliarini on May 8, 2017

NEW DATA SHOWS MORE HIRING, LESS SPENDING Unemployment hit a 10-year low in April as payrolls swelled with 211,000 net new jobs, a rebound from the meager gains of March. The Department of Labor’s monthly report showed the headline jobless rate declining 0.1% to 4.4%; the U-6 rate measuring underemployment was at 8.6%, falling 0.3%.…

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How Important Is Financial Literacy?

By Robert Pagliarini on May 4, 2017

If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless about financial matters? That depends on what gauge you want to use to measure financial knowledge. The U.S.…

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Economic Update 05/01/2017

By Robert Pagliarini on May 1, 2017

CONSUMER CONFIDENCE DIPS SLIGHTLY The University of Michigan and Conference Board consumer confidence indices descended a little last month, but remained in great shape. The CB index displayed an April reading of 120.6, down from 124.9 in March. Slipping a point from its initial April mark, the Michigan barometer fell to 97.0. LATEST HOUSING DATA…

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Economic Update 04/17/17

By Robert Pagliarini on April 17, 2017

PRICES DECLINE IN MARCH In March, the Consumer Price Index retreated for the first time in 13 months. Its 0.3% dip left annualized consumer inflation at a moderate 2.4%. Fuels, autos, and groceries have all become less expensive recently, according to Bureau of Labor Statistics data. Core consumer prices were up 2.0% in the year…

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Economic Update 04/10/17

By Robert Pagliarini on April 10, 2017

COMPANIES ADDED FEWER WORKERS IN MARCH Just 98,000 net new jobs were created last month, and some analysts think Winter Storm Stella may have held hiring back. Even so, the Department of Labor’s latest employment report showed the U-3 jobless rate decreasing 0.2% to 4.5%; the broader U-6 rate fell 0.3% to 8.9%. The big…

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Should You Combine Your Finances When You Get Married?

By Robert Pagliarini on April 9, 2017

Some spouses share everything with each other – including the smallest details of their personal finances. Other spouses decide to keep some individual financial decisions and details to themselves, and their relationship is just fine. Just as a marriage requires understanding, respect, and compromise, so does the financial life of a married couple. If you…

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