Bankrate’s Post

Bankrate’s annual best states to retire study is out and rounding out the 2024 best states to retire are: 1. Delaware 2. West Virginia 3. Georgia 4. South Carolina 5. Missouri Delaware is the best state to retire in 2024 as Iowa, last year's number one, drops to 9th place. This study ranked all fifty U.S. states by affordability (40% of the ranking), overall well-being (25%), quality/cost of health care (20%), weather (10%) and crime (5%). The worst state to retire for the second year in a row is Alaska, followed by New York, Washington, California, and North Dakota. Check out the official rankings and see where your state lands: https://lnkd.in/ezf7HRC

Finance wasn’t built with women in mind. That’s not stopping them from reclaiming the space for themselves. Our writers recently attended FinCon’s Women in Money Summit at the Nasdaq MarketSite in NYC. They connected with fellow women in personal finance content creation and gained valuable insights from industry leaders. 👏Check out what our experts learned: Sarah Foster highlights a key takeaway from this event, “Don’t be afraid to take up space! We all bring our unique insights and perspectives to the beat, and it’s what makes our content valuable.” R.E. Hawley, who attended the event, emphasized the importance of recognizing women’s financial realities and changing how we think and talk about money. In the meantime, don’t miss our coverage of how women can crush their financial goals despite long-standing barriers by Alex Gailey: https://lnkd.in/egWWKrAF 

How have your finances fared over the past four years? According to a new Bankrate survey, 43% of Americans say their finances have gotten worse under the Biden Administration and just 19% say their finances are better. When comparing presidential candidates, slightly more Americans (37%) say having Donald Trump as president would be best for their personal financial situation, compared to President Biden (32%). When it comes to the economy, just 26% of Americans say they are more likely to vote for President Biden based on his handling of the economy while 46% say they are less likely to vote for him. “With months to go before Americans cast their votes in the presidential election, President Biden has more work to do to make his case on pocketbook issues,” notes Bankrate’s Mark Hamrick. For more information, please visit: https://lnkd.in/dZJu7chY

The June Retail Sales Report coincides with Amazon’s Prime Day, which kicked off today and lasts July 16-17. Despite expectations of 0.3% drop, June retail sales remained steady month-over-month. Bankrate’s Ted Rossman notes that nonstore retailers, indicating e-commerce platforms, saw significant gains both monthly (1.9%) and yearly (8.9%). With Amazon Prime Day signaling the unofficial start of back-to-school shopping, all eyes are on this sector. The National Retail Federation forecasts a slight dip in back-to-school sales compared to the previous year.  If you’re planning on shopping the sales today, spend wisely https://lnkd.in/gJzdS_Rw

The average yearly car insurance cost in the U.S. surged by 12% to $2,278 over the past year. Bankrate's Shannon Martin shared insights with The Wall Street Journal, highlighting how drivers are strategically adjusting deductibles to reduce their monthly premiums. Read here: https://lnkd.in/gmWXjChQ

Bankrate's Chief Financial Analyst, Greg McBride, CFA spoke to Schwab Network about the state of the U.S. labor market and the expectations for the Fed's rate cut path. He talks about how higher rates are impacting the economy. https://lnkd.in/eeg_3Ey9

Curious on when you should tip and how much is an appropriate amount? Check out Lane Gillespie's new piece that'll break it down for you!