Balancing Everything | Your One-Stop Shop For Anything Finance

21.06.2021

Milena

Mutual Funds Statistics & Facts

Mutual funds are financial vehicles that pool investors’ money and put them in different kinds of securities. The advantages of mutual funds include higher diversification and lower cost of investment, professional management, flexibility, access to global...

21.06.2021

Milena

Accounting Statistics & Facts

Accountants and auditors are an essential part of every business. These professionals make sure your numbers add up, perform audits, and run payroll. While the importance of accounting has always been the same, the job itself has changed over the years. So...

21.06.2021

Arnav

Social Security Facts & Stats

Social Security in the US is vital for the country’s working population. That said, few actually know how exactly it functions. That’s why we’ve compiled these handy Social Security facts and statistics that will help you understand the nuts and bolts...

21.06.2021

Milena

Welfare Statistics + FAQs

How many people are using welfare? How big is the average welfare check? Which state gets the most funds? Read on to learn the answers to these questions and many other must-know welfare statistics and FAQs. About 38 million Americans were part of the...

Student Loan Debt Statistics Featured Image

21.06.2021

Milena

Student Loan Debt Statistics & Facts

College debt is one of the most serious financial issues Americans have been struggling with for the past two decades. Student loan debt statistics show that in 2021, Americans owe over $1.7 trillion. Even with all the financial aid, grants, and sponsorships,...

Credit Card Debt Statistics Featured Image

21.06.2021

Milena

Credit Card Debt Statistics

Just like all the other types of debt, credit card debt in the United States has been growing over the past years. Credit card debt statistics show that in 2020, the total revolving balances in the country have reached $975.9 billion. Moreover, with a...

21.06.2021

Milena

Consumer Debt Statistics

The latest Federal Reserve consumer debt statistics show that Americans owe over $4 trillion in non-mortgage debts. Student loans, auto loans, payday loans, and credit card balances are among the factors that affect the total consumer debt. Over the past...

Medical Bankruptcies Statistics Featured Image

21.06.2021

Milena

Medical Bankruptcies Statistics

While France has virtually no healthcare-related bankruptcies, about half a million Americans file for bankruptcy every year because of medical bills. These and many more medical bankruptcies statistics reveal the shocking effect of the soaring US healthcare...

21.06.2021

Milena

Church Giving Statistics

Americans used to give more money to their church during the Great Depression than they do now. That said, church giving statistics reveal that the most significant share of all donations in the United States goes to religious organizations, including...

Charitable Giving Statistics Featured Image

21.06.2021

Milena

Charitable Giving Statistics

Did you know that Americans are the most generous nation, or that the biggest share of donations comes from individual donors? We have the answers to these questions as well as all of the latest charitable giving statistics. With the rise of online platforms...

Identity Theft Statistics Featured Image

21.06.2021

Milena

Identity Theft Statistics

No one is safe from identity and credit card theft. Children, seniors, and even military consumers can easily have their identity stolen without even knowing about the fraud. The latest identity theft statistics reveal that this type of fraud is on the rise....

Health Insurance Statistics Featured Image

21.06.2021

Milena

Health Insurance Statistics & Facts

The health insurance industry remains an essential part of the US economy. It employs millions of workers and helps consumers deal with the soaring healthcare costs in the country. And yet, the latest health insurance statistics show that over 30 million...

21.06.2021

Milena

Welfare Fraud Statistics

Less than 50% of American adults trust the Supplemental Nutrition Assistance Program (SNAP), and many believe most users abuse it. The latest welfare fraud statistics, however, show that the payment accuracy of SNAP is over 92%, while the food stamp...

21.06.2021

Milena

Tax Evasion Statistics

Corporations hold trillions of dollars hidden in tax havens. The most shocking tax evasion statistics show such strategies cost governments worldwide billions of dollars. While plenty of countries struggle with this issue, the United States suffers the most....

21.06.2021

Milena

Venmo Statistics

Venmo hit the market in 2009 as a simple peer-to-peer mobile payment service. A few years later, it was bought by Braintree and joined the PayPal family. The latest Venmo statistics reveal that a growing number of millennials are using the app to transfer...

21.06.2021

Milena

PayPal Statistics & Trends

PayPal was established back in 1998 by Max Levchin, Peter Thiel, and Luke Nosek under the name Confinity. Two years later, Confinity merged with Elon Musk’s X.com, and, as they say, the rest is history. PayPal statistics show that the service has over...

21.06.2021

Milena

Startling Savings Statistics

Setting some money aside for the future is never a bad idea. And yet, the latest savings statistics show that Americans are far from living by that principle. An average US family has a bit over $30,000 in savings, which isn’t nearly enough for retiring by...

Auto Insurance Statistics Featured Image

21.06.2021

Milena

Auto Insurance Statistics & Facts

Nobody likes to think about car accidents. That, however, doesn’t mean that they don’t happen, and that’s when people realize the importance of having car insurance. Did you know that inexperienced drivers, married couples, and women pay more for...

Healthcare Costs by Country Featured Image

21.06.2021

Arnav

Statistics on Healthcare Costs by Country

Healthcare expenditure is one of the most important policy items for any country’s government, affecting people at a fundamental level. The COVID-19 pandemic has made this an even more pressing subject, with a country’s ability to combat the disease...

Financial Literacy Statistics Featured Image

21.06.2021

Milena

Financial Literacy Statistics & Facts

The latest financial literacy statistics suggest that people worldwide still need guidance in handling their money. While financial literacy is essential for amassing wealth and avoiding debt, both youth and adults lack this knowledge. What is inflation, how...

21.06.2021

Milena

Crucial Credit Card Statistics + 6 FAQ Answered

Credit cards date back to the 50s when the first-ever Diners Club card hit the market. They have become a vital part of every person’s finances thanks to their convenience and benefits. In the United States alone, there are 2.8 billion cards in circulation,...

Cash vs Credit Card Spending Statistics Featured Image

21.06.2021

Milena

Cash vs Credit Card Spending Statistics

While still commonly used, cash is slowly giving way to credit cards and other digital payment methods. To keep track of this trend, we made a list of the most essential cash vs credit card spending statistics. Usage of cash in the United States, for example,...

21.06.2021

Milena

Banking Stats to Know in 2021

Banca Monte dei Paschi di Siena is the world’s oldest operating bank, having opened back in 1624. As the banking stats below show, many things have changed in the lucrative banking industry ever since. These days, the sector’s global market...

21.06.2021

Milena

Black Friday Statistics

Millions of people worldwide spend trillions of dollars every Black Friday and Cyber Monday. Each year, Black Friday statistics reveal that the shopping craze during these days isn’t slowing down. Consumers appreciate the great deals stores offer during the...

Holiday Spending Statistics Featured Image

21.06.2021

Milena

Festive Holiday Spending Statistics

With the latest holiday spending statistics revealing only slight drops in sales for the most popular shopping dates, nothing can stop consumers from spending cash on their favorite holidays, not even a global pandemic. These figures show that Americans are...

21.06.2021

Arnav

Payday Loan Statistics

Even if you’ve never needed one, you probably have heard of payday loans. These ultra-short-term, high-interest loans are the only source of immediate funds for many cash-strapped Americans. However, as these payday loan statistics show, there’s a lot...

Christmas Spending Statistics Featured Image

21.06.2021

Milena

Christmas Spending Statistics

About 90% of Americans celebrate Christmas every year. Marking the date, however, goes beyond coming together and enjoying the company of your friends and family. In fact, the latest Christmas spending statistics show that Americans and Christians worldwide...

Valentine's Day Sales Statistics Featured Image

21.06.2021

Milena

Valentine’s Day Sales Statistics

Every February 14th, couples around the world celebrate their love and relationship. This day is much more than a simple celebration, as Valentine’s Day sales statistics show. V Day is, in fact, an important date for economies worldwide, generating...

Grocery Shopping Statistics Featured Image

21.06.2021

Milena

Grocery Shopping Statistics

Americans spend over $650 billion on groceries every year. Grocery shopping statistics show that the weekly average spent on groceries is $120, while the average time spent shopping is 41 minutes. Overall, the grocery store industry is an essential part of...

Credit Repair Statistics - Featured Image

21.06.2021

Arnav

Credit Repair Statistics

Credit makes the world go round by fueling consumption. However, the going can get pretty tough for consumers with low credit scores, affecting their ability to take loans, use credit cards, and more. If you have been in such a situation or are interested to...

21.06.2021

Milena

Millionaire Statistics

Did you know that the average period Americans need to reach a net worth of $1 million is 28 years? That’s one of the many impressive millionaire statistics we will cover below. After all, everyone wants to peek inside the luxurious world of expensive...

21.06.2021

Milena

Fintech Statistics

With an average annual growth rate of nearly 25%, the financial technology industry is among the fastest-growing worldwide. The latest fintech statistics suggest that the sector should hit a value of almost $310 billion by 2022 if this positive trend...

21.06.2021

Milena

Coupon Statistics

The first coupon in America was issued by Coca-Cola back in 1888. Coupons have since become a popular and widespread marketing strategy, the latest coupon statistics reveal. Consumers love them as they are convenient and save them money. Businesses meanwhile...

Life Insurance Statistics Featured Image

16.06.2021

Milena

Life Insurance Statistics

Investing in life insurance as early as possible gets you the best price and the highest benefits. The latest life insurance statistics, however, show that most people fail to understand the importance of this coverage. Nearly half of all Americans have no...

Household Debt Statistics Featured Image

05.06.2021

Milena

Household Debt Statistics

When you combine a family’s consumer and mortgage debt, you get the total household debt. The latest household debt statistics reveal that American families now owe more than $14.5 trillion. It also seems that US households are continually amassing balances...

13.05.2021

Milena

16 Foreclosure Statistics + 10 FAQs

If you miss several mortgage payments, possession of the mortgaged property goes to the lender. This process, called foreclosure, is among the scariest things that can happen to homeowners. Not everything is terrible, however. The latest foreclosure...

13.05.2021

Milena

Average Vacation Cost – US & International

About 69% of employed and 55% of unemployed Americans have taken a vacation. In 2019, before the COVID-10 pandemic disrupted the world, 52% of Americans were planning to take a summer vacation. To plan holiday spending successfully, it’s essential to...

13.05.2021

Stefan

The Average Cost of College

It’s no secret — the average cost of college stateside has skyrocketed in recent years. In the good old days, baby boomers were able to support themselves through higher education with just part-time summer jobs. Nowadays, millennials are struggling...

10.05.2021

Milena

Late Payments – All Questions Answered

A payment is an amount of money a person owes and needs to send to a service provider or lender. Installments have due dates and missing one would result in missed or late payments. Both late and missed payments have numerous adverse effects on the person and...

10.05.2021

Milena

51% Attack – All Questions Answered

Does a blockchain network disruption caused by one person or an organization sound scary? Well, this is precisely what could happen in the case of a 51% attack. The potential cost of such an event would be $1.4 billion. While this malicious scenario is highly...

10.05.2021

Milena

Credit Score Factors

Several credit score factors can improve or lower your FICO grade. Not knowing what those factors are or how to monitor them accurately can have serious consequences. Your score may drop significantly and, therefore, severely impact your creditworthiness. As...

09.05.2021

Milena

What is a Hard Inquiry?

A credit score is a magic number that reveals a person’s financial reputation. Represented by a three-digit number, this score has a massive impact on the life of American adults. Hard inquiries are among the several things that negatively impact your FICO...

What Is a Good Credit Score Featured Image

09.05.2021

Milena

What Is a Good Credit Score and How to Achieve It?

What is a good credit score, and why is it so important? Well, let’s put it like this. Will you get approved for that car loan you need? Is the bank going to greenlight your mortgage? These are some of the things that depend on your credit score. Your FICO...

Does Checking Your Credit Score Lower It Featured Image

09.05.2021

Arnav

Does Checking Your Credit Score Lower It?

Does checking your credit score lower it? How many times can you check your rating within a month? How to track your credit score without hurting it? We have all the answers you need to track and improve your FICO score – that three-digit number that...

Average 401k Balance by Age Featured Image

07.05.2021

Milena

Average 401k Balance by Age – Stats & FAQs

An American’s 401k plan is a savings fund sponsored by their employer. These funds go to a separate account and can be used for investing and growing your retirement income. Do you wonder what the average 401k balance by age is? How much money do you need...

05.05.2021

Arnav

US National Debt by Year – Statistics & Facts

The growing debt of the United States has been a matter of discussion for several years now. Given the country’s position as the world’s biggest economy, this issue has an impact on everyone’s lives. These essential statistics on the US national...

How Many Ecommerce Sites Are There Featured Image

04.05.2021

Stefan

How Many Ecommerce Sites Are There – 2021 Ecommerce Stats

Our lives become more digitized by the day, with a growing number of activities moving online, and shopping is no different. But how many ecommerce sites are there and how do they stand against the good-old brick and mortar? In this article, we will look over...

How to Freeze Your Credit Featured Image

29.04.2021

Milena

How to Freeze Your Credit and When to Do It?

In 2020, the Federal Trade Commission received 2.2 million fraud reports and about $3.3 billion in losses were recorded. It’s, therefore, a good idea to know how to freeze your credit, which is one of the best ways to protect yourself from fraud and...

What Is a Balance Transfer Featured Image

22.04.2021

Milena

What Is a Balance Transfer and When to Use It?

Around 43% of Americans with a credit card also have credit card debt. A balance transfer is one of the ways to deal with paying the interest on that debt. But what is a balance transfer exactly, and what are the costs associated with it? Are you interested...

17.04.2021

Milena

Average Wedding Cost – A Complete Rundown of Wedding Expenses

Are you planning to tie the knot and would gladly learn and apply methods to create a realistic budget? Undoubtedly, saying ‘I do’ seems much more manageable than projecting the overall wedding budget and sticking to it. The average wedding cost...

17.04.2021

Milena

Average Mortgage Payment – A Complete Analysis

In the United States, the total mortgage debt nears $10 trillion. This debt is repaid via monthly installments that vary depending on various factors. According to one source, the average mortgage payment in the country hovers around $1,000 per month. Yet,...

17.04.2021

Milena

Credit Utilization Ratio – A Complete Guide

When talking about credit score and financial health, one of the most important factors is the credit utilization ratio. In short, this number represents the used percentage of your credit. Depending on how you handle it, you can ultimately build your...

Average Cost Raising Child Featured Image

17.04.2021

Stefan

Average Cost of Raising a Child

Human life is priceless. The goods and services required to sustain it, however, do have a finite price tag. Assessing the average cost of raising a child before making a baby may seem cynical. Still, it’s much better than not doing it and potentially...

06.04.2021

Milena

The Real Cost of Having a Baby – Full Overview of Childbirth Expenses

Besides being a special moment in any person’s life, childbirth is also a significant part of the economy. The cost of having a baby differs based on where you live and whether you’re insured. About four out of every five dollars spent on newborn health...

Average Credit Card Interest Rate Featured Image

06.04.2021

Milena

Average Credit Card Interest Rate

Scoring a good APR is essential, especially if you often make late payments. The average credit card interest rate in the US has been moving between 12% and 17% over the past several years. This average changes every quarter depending on the latest card deals...

Average Food Cost per Month Featured Image

06.04.2021

Milena

Average Food Cost per Month – In-Depth Analysis and Trends

Americans’ monthly grocery expenditure varies drastically and depends on factors like age, state, and budgeting. The average food cost per month can be a few hundred dollars for singles and over $1,300 for families. Consumers with a liberal food spending...

06.04.2021

Milena

Average Mortgage Debt – A Complete Rundown

Americans are drowning in debt, and the largest share comes from mortgages. The country’s average mortgage debt is over $215,000, and the segment has been on the rise for years now. Yet, not every American owes the same balance when it comes to...

06.04.2021

Milena

Average Utilities Cost – Complete Overview of Monthly Utility Expenses

Being aware of utility expenses is essential regardless of whether you want to buy a home or relocate. The average utilities cost is an expense people deal with monthly, even when they don’t own the property. Electricity, water, and internet are among...

05.04.2021

Milena

Everything You Need to Know About SoftBank Group in 2021 + Infographic

Back in 1984, a Japanese entrepreneur presented a 300-year plan to make his company the largest in the world. His name was Masayoshi Son, the person behind the international conglomerate and tech giant SoftBank Group. Like the Japanese investor and...

17.03.2021

Milena

Uninsured Rate by State – A Complete Rundown

Health insurance is essential for a person’s wellbeing, but also their financial state. Not every US state, however, can boast high rates of insured residents. Some states like Texas and North Carolina, for example, have millions of uninsured citizens....

US States With the Best Job Market Featured Image

17.03.2021

Milena

The US States With the Best Job Market – A Full Analysis

Finding the job of your dreams isn’t always easy. Especially if you live somewhere with limited employment opportunities. When it comes to work, not all states were made the same. There are regions where workers get more money and access to numerous job...

Best States to Start a Business Featured Image

17.03.2021

Milena

The Best States to Start a Business in 2021 – A Complete Rundown

‘All glory comes from daring to begin.’ While its origin remains undetermined, this quote carries a strong message, especially for future business owners. Starting your own company takes determination, hard work, and thorough planning. Even if luck is on...

Best Places to Invest in Real Estate Featured Image

17.03.2021

Milena

The Best Places to Invest in Real Estate

Investing is one of the cornerstones of building personal wealth. Real estate meanwhile is a proven way to capitalize on your investment in the long run. However, it can also be a disastrous step unless you know where and when to purchase properties. That’s...

Best Places to Flip Houses Featured Image

17.03.2021

Milena

The Best Places to Flip Houses in 2021

House flipping isn’t dead. While the profits have been dropping for the past eight years, American house flippers can still earn hefty sums. For successful projects, however, you must know the best places to flip houses in the United States. What to look...

17.03.2021

Milena

Taxes on Inheritance – All You Need to Know

When a parent, partner, or friend passes away, they may leave all or a share of their wealth to you. What many Americans don’t know though is that they sometimes need to pay taxes on inheritance they get from a deceased person. Whether you pay inheritance...

17.03.2021

Milena

Tax Burden by State – Full Overview

Tax burden represents the proportion of Americans’ income paid in taxes. In the United States, where you live can heavily affect how much of your annual salary goes to state coffers. That’s why knowing and understanding the tax burden by state is...

Student Loan Debt by State Featured Image

17.03.2021

Milena

Student Loan Debt by State – A Complete Rundown

In 2021, the total US student debt surpassed $1.4 trillion. Americans are the nation with the highest college debt in the world, with the trend of growing student debt balances showing no signs of slowing down. Do you know the stats on student loan debt by...

17.03.2021

Milena

Property Taxes by State – A Complete Rundown

A property tax is the amount you pay to authorities on personal or business properties you own. How much you pay depends on several factors, one of which is your state of residence. That makes it essential to know the property taxes by state next time you...

Most Federally Dependent States Featured Image

17.03.2021

Milena

Most Federally Dependent States – A Complete Rundown

Some US states have a low federal dependency and pay more in federal taxes than the amount they receive in government aid. Other states, however, heavily depend on federal contracts, grants, and different types of assistance. In those cases, federal funding...

17.03.2021

Milena

GDP by State — A Complete Rundown

The gross domestic product (GDP) represents the monetary value of all services and goods made in a country within a given period. Experts use GDP to establish a country’s economic state and potential. While usually calculated for countries, in the United...

17.03.2021

Milena

Gas Prices by State – A Complete Overview

Living in one state or another can come with lots of benefits and drawbacks. How much you pay for gas is one of the things that vary in different jurisdictions. With the gas prices by state drastically differing, filling up your tank in some states can save...

Economic Impact of Immigration Featured Image

17.03.2021

Milena

Economic Impact of Immigration – Debunking the Myths

There has been an ongoing debate over the economic impact of immigration in the United States. Despite the nation’s origins, many believe that immigrants do more harm than good, replacing native-born workers, reducing wages, and burdening the welfare...

17.03.2021

Milena

DUI Penalties by State – Complete Overview and FAQs

Driving under the influence not only puts you and other people in danger, but it also can earn you a hefty fine. Residents in some states may even have to serve jail time or do community service. Repeating offenders risk losing the license for good, too. What...

17.03.2021

Milena

Credit Card Market Share in 2021

Whenever someone mentions credit cards, an average customer thinks of Visa and Mastercard. There’s so much more to the industry, however. While Visa dominates the market and boasts the largest credit card market share, there are other players not to...

17.03.2021

Milena

Corporate Taxes by State – A Complete Rundown

In addition to the countrywide federal corporate tax, individual US states have their own corporate charges. Meaning, depending on where you register your company, you may have to pay more than 21% in corporate taxation. But what exactly is corporate income...

Cigarette Prices by State Featured Image

17.03.2021

Milena

Cigarette Prices by State – A Complete Rundown

Americans spend an average of $6.65 for a cigarette pack. Not all US residents, however, pay the same price to satisfy their smoking habits. New Yorkers, for example, pay double the price paid by those in Missouri. Meaning, smoking two packs per week will...