If you’re a recent graduate, the last thing you want to think about is the past, right? It’s all about the future. However, if you took out student loans, the time to look back is now (actually, it probably should have been sooner, but let’s not quibble over semantics). If you’re like most grads, you took out multiple student loans over your four(ish)-year career as a college student — consumers with educational debt had an average of 3.7 student loans, according to a 2017 Experian report.  Unfortunately, 11.4% of aggregate student debt was 90 or more days delinquent or in default in the fourth quarterRead More →

Welcome to a special edition of FiveThirtyEight’s weekly politics chat. The transcript below has been lightly edited. sarahf (Sarah Frostenson, politics editor): On Thursday evening, GOP Rep. Will Hurd of Texas’s 23rd Congressional District said that he would not seek reelection in 2020. Hurd is the sixth GOP representative to announce retirement in the past two weeks and the eighth so far in 2019. There were, of course, also a lot of GOP retirements in the lead-up to the 2018 midterm elections — at least 23, according to our count. So what’s happening this year? Should we expect another big wave of GOP retirements? AndRead More →

Starting a business is the most brilliant idea that can ever cross your mind. You not only become your own boss but also create jobs for others. Studies show that people start new businesses daily. But only a few survive for more than two years. Such information calls for caution as you decide to ditch your day job and start a business. Becoming practical and honest with yourself will help mitigate some of your fears. Below are five steps you need to follow to become a successful business owner. Do thorough research Yes, you have a business idea. That’s very good! But how many moreRead More →

Embed Code <iframe frameborder=”0″ width=”100%” height=”180″ style=”margin:20px auto 25px;max-width:600px;” scrolling=”no” src=”https://fivethirtyeight.com/player/politics/27292306/”></iframe> After a first round of Democratic primary debates in which the conversation seemed to be guided by candidates further to the left, disagreements between moderates and progressives took center stage on the first night of the second round of debates. In this installment of the FiveThirtyEight Politics podcast, Nate Silver and Galen Druke discuss what went down in Detroit on night one. FiveThirtyEight On The Road is brought to you by WeWork. You can listen to the episode by clicking the “play” button in the audio player above or by downloading it in iTunes,Read More →

Budgeting can seem so solitary sometimes. You’re trying to get your income to cover your expenses and meet your financial goals. But input from — or venting to — other folks can be a huge help when you’re in the trenches trying to figure out the best strategies to budget your way out of debt or why you continually overspend on food. The Penny Hoarder Community is a great place to connect with other money-minded people. Another good resource is Reddit, a social discussion website where registered members share basically any and everything — including personal finance talk. Here are six Reddit communities, or subreddits,Read More →

It’s difficult to know if you’re saving enough for retirement. You can use a retirement calculator to project, but who knows what life events are going to come along and throw your savings off track? And how do you know the market will be so reliable? Experts often suggest you have a nest egg of $1 million to $1.5 million saved when you retire. Can that possibly be right? Is everyone else sitting on six figures?  It goes without saying that the amount of savings you’ll need to retire depends on your individual situation. But let’s face it: We all want to know what theRead More →