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MoneyRates Announces Best States for College Students in 2021 - Missouri Takes First Place


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FOSTER CITY, Calif., April 14, 2021 /PRNewswire/  Where to attend college is more important than ever as student loan debt holds a tight grip on millions of young adults. With millions more applying to colleges across the country, MoneyRates.com is releasing its newest research to help them find the best place to study and acquire the job skills needed to compete in today s job market. The Best States for College Students shows the quest to avoid crushing student loan debt doesn t just come down to which university you choose, but also which state that school is in. ....

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MoneyRates Announces the Best States for Retirement in 2021; Iowa and West Virginia Tie for First Place


MoneyRates Announces the Best States for Retirement in 2021; Iowa and West Virginia Tie for First Place
Nine of top 10 states may surprise Baby Boomers
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FOSTER CITY, Calif., Feb. 4, 2021 /PRNewswire/  Those nearing or entering retirement are looking for an enjoyable, affordable place to retire. But they may find the process a bit more challenging now due to the economic fallout from the pandemic.
To make matters worse, this is the first generation to be responsible for their own retirement contributions as opposed to depending on a pension plan. As a result, many are reaching retirement age with inadequate savings to fund their dreams. ....

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Bank Customers Continue to Suffer Rate Plunge: MoneyRates.com Quarterly Study


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FOSTER CITY, Calif., Jan. 27, 2021 /PRNewswire/  Leading personal finance site MoneyRates.com releases its survey of America s Best Rates for the fourth quarter of 2020. The analysis shows savings and money market rates plummeted to historic lows, as did rates for 1-year and 5-year CDs, during this quarter. The average rates are at the lowest levels ever recorded in this survey.
Consumers have been hit hard financially by the effects of COVID-19, with a direct shot at the bank accounts of Americans, whose average savings account earnings plunged by 66% in the past year.
American consumer bank accounts have been among COVID-19 s financial victims, explains MoneyRates spokesperson and financial analyst Richard Barrington. This is a hardship for retirees who depend on their savings for income, and also hampers the efforts of workers trying to sock money away for retirement. ....

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New Year's Financial Resolutions: Nearly 61% Plan to Save More in 2021


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FOSTER CITY, Calif., Dec. 29, 2020 /PRNewswire/
  I need to be better with money. This New Year s resolution ranks with quitting smoking or losing weight as a favorite each year. Americans often vow to spend less and save more in the coming year. Since few ultimately attain their goal, MoneyRates.com offers an action plan for success.
A new survey from the personal finance site reveals three specific money resolutions that many make at the start of each year but struggle to keep. In a survey of 3,000, a majority list their financial priorities as: save more, spend less, reduce debt.   ....

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