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💵 Today’s Top Stories
Did you know that using debit cards can be financially dangerous? Clark explains why you should really think about following his rule. Read more.
Clark loves Costco and loves to travel. Do you think you should book your next trip through Costco’s travel service? Here are the pros and cons. Read more.
Switching to a discount carrier is probably the best way to lower your cell phone bill, but we know that many people want to stay with a major carrier. Use this guide to find the best plan for you. Read more.
Team Clark tested hearing aids from this inexpensive online site that doesn’t require a hearing test. Here’s how much it costs along with the tradeoffs. Read more.
💵 Average Net Worth By Decade
Do you ever wonder how your net worth compares to your peers?
Financial services company Empower released some recent data that can help you gauge where you stand among your peers.
This Kiplinger article passes along the average household net worth by age and the median net worth by age.
Here’s the average household net worth by decade:
20s: $139,243
30s: $325,952
40s: $750,578
50s: $1,364,050
60s: $1,577,907
70s: $1,456,141
80s: $1,331,143
90s: $1,267,467
If those numbers make you feel sheepish, know that the median net worth is exponentially lower than the average.
For example, for those in their 40s, the median net worth is just $68,698 (compared to an average of $750,578).
Team Clark can help you calculate your net worth.
Net worth is a useful snapshot, but it’s not the full story. We recommend breaking your assets into productive, sellable and estate wealth buckets to see what’s working for you, what’s accessible and what’s tied up in lifestyle or legacy.
📊 Stat of the Day
🍎 66%: Share of Americans that describe the cost of groceries as unaffordable. That’s up from 45% in February. By household income: $100,000+ (56% say groceries are unaffordable), $50,000-$100,000 (70%), less than $50,000 (82%).
💰 Deal Alert: Today’s Top Deals
🎙 Podcast
The landscape of work is shifting, and if you are currently working fully from home, you might have a giant target on your back. While the benefits of working remotely are undeniable, new data shows that "out of sight, out of mind" is a dangerous reality in corporate America. Clark shares several things to consider if you want to protect your paycheck and position yourself for promotions. Also, a massive storm is brewing in the healthcare industry, and it is going to hit your wallet hard. The soaring cost of healthcare—driven heavily by hospital system monopolies in major metro areas—is pushing individual deductibles toward an estimated $15,000 and family deductibles past $30,000 by 2027. Clark explains everything you need to know.
☎ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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