These are the top 10 cities where millennials can afford to buy a home

Millennials may have waited longer than previous generations to buy homes, but now they’re keeping real estate agents busy. In some metro areas, high costs keep millennials from buying, or there aren’t enough good jobs for prospective buyers to get approved for mortgages. They make up for it, however, with home prices that are 38% lower than the national median list price of $291,900, according to Zillow. And paychecks stretch a lot further in Wichita, where the median list price, $184,900, is 4


Millennials may have waited longer than previous generations to buy homes, but now they’re keeping real estate agents busy. In some metro areas, high costs keep millennials from buying, or there aren’t enough good jobs for prospective buyers to get approved for mortgages. They make up for it, however, with home prices that are 38% lower than the national median list price of $291,900, according to Zillow. And paychecks stretch a lot further in Wichita, where the median list price, $184,900, is 4
These are the top 10 cities where millennials can afford to buy a home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: lance lambert
Keywords: news, cnbc, companies, cities, median, buy, afford, prices, rent, rapids, places, areas, list, wichita, millennials


These are the top 10 cities where millennials can afford to buy a home

Millennials may have waited longer than previous generations to buy homes, but now they’re keeping real estate agents busy. This generation that some experts warned could be destined to rent forever is actually America’s biggest group of homebuyers. But the situation is a lot more stable in some places than in others. In some metro areas, high costs keep millennials from buying, or there aren’t enough good jobs for prospective buyers to get approved for mortgages. Other areas offer the right mix of affordability and, usually, higher-than-normal salaries — and those places are generally where 20- and 30-somethings are becoming owners. Based on our analysis of data from the U.S. Census Bureau and Zillow on salary, home prices, and the share of homes owned by people aged 21 to 38, here’s our list of the top 10 metro areas where millennials can actually afford to buy homes. On average, millennials in these top 10 metros are 25% more likely to own a home than their peers across the country.

Metro areas where millennials can afford to buy homes

Des Moines, Iowa Grand Rapids, Michigan Wichita, Kansas Omaha, Nebraska Toledo, Ohio Dayton, Ohio Oklahoma City, Oklahoma Little Rock, Arkansas St. Louis, Missouri Syracuse, New York The places that topped our ranking on average have 3% lower earnings for folks age 25 to 44, a range that includes most millennials. They make up for it, however, with home prices that are 38% lower than the national median list price of $291,900, according to Zillow. That’s much better bang for the buck. More from Grow:

5 fastest-growing jobs in the US—and how much they pay

4 top lessons this money expert learned from his CPA dad

5 side hustles to earn you extra cash this holiday season Here’s what we found these metro areas have in common:

They offer good employers and solid paychecks

The places that made our top 10 manage to strike a middle ground between good pay and reasonable home prices. Wichita, at No. 3, is home to the corporate headquarters of Koch Industries, the country’s second-largest private firm. And paychecks stretch a lot further in Wichita, where the median list price, $184,900, is 44% lower the nationwide median. In Des Moines, which ranks No. 1, as it does on our list of the top 10 cities where millennials are doing the best financially, the unemployment rate is just 2.1%. Millennial median household income in Des Moines is $78,200, or 17% higher than the nationwide figure, while housing prices are 20% lower.

Any buyer that comes in and starts looking at what it cost to rent vs. buy and weighing the options, they’ll see it’s better to own. John Blair regional sales manager at Commerce Bank in St. Louis

Millennials benefit from Midwestern affordability

In 2018, David Kranker decided he was tired of the big-city cost and hassle and wanted a change of scenery. The 25-year-old’s digital marketing employer in Chicago allowed him to work remotely, so he started researching where his dollars would go the furthest. He didn’t have to go far: In November he bought a home in Grand Rapids, Michigan, which ranks No. 2 on our list. “For the same price as a little 600-square-foot box in Chicago, you get a full two-story home in Grand Rapids,” Kranker said. He snagged a home for just $180,000. “I have definitely felt the cost savings. My grocery bill went from $115 per week to $45 per week. And that’s more money you can put towards mortgage payments.” That helps explain why eight of the top 10 metros we ranked are located in more affordable Midwestern states.

Here, a mortgage payment can be less than rent


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: lance lambert
Keywords: news, cnbc, companies, cities, median, buy, afford, prices, rent, rapids, places, areas, list, wichita, millennials


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Marc Benioff was pushing for Salesforce to buy Twitter — until an accident changed his mind

Three years ago, Salesforce took a serious look at buying social media giant Twitter. But the actual decision was driven in part by a personal experience, Benioff reveals in his new book, “Trailblazer.” He had a vision that Twitter could integrate well into Salesforce’s business, becoming a great way for his customers to reach their consumers. Then, as he was heading to a meeting to begin to secure financing for the deal, Benioff slipped on a curb and sliced his leg open. WATCH: Benioff says sto


Three years ago, Salesforce took a serious look at buying social media giant Twitter. But the actual decision was driven in part by a personal experience, Benioff reveals in his new book, “Trailblazer.” He had a vision that Twitter could integrate well into Salesforce’s business, becoming a great way for his customers to reach their consumers. Then, as he was heading to a meeting to begin to secure financing for the deal, Benioff slipped on a curb and sliced his leg open. WATCH: Benioff says sto
Marc Benioff was pushing for Salesforce to buy Twitter — until an accident changed his mind Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: matt rosoff, https, wwwlinkedincom in mattrosoff
Keywords: news, cnbc, companies, pushing, leg, vision, buy, changed, homeless, twitter, stockholders, stakeholder, took, salesforce, deal, social, marc, benioff, accident, mind


Marc Benioff was pushing for Salesforce to buy Twitter — until an accident changed his mind

Three years ago, Salesforce took a serious look at buying social media giant Twitter.

In the end, CEO Marc Benioff decided to pull out of the deal. He said at the time that Salesforce stockholders had made it very clear that they didn’t want the company to pursue the acquisition.

But the actual decision was driven in part by a personal experience, Benioff reveals in his new book, “Trailblazer.”

He had a vision that Twitter could integrate well into Salesforce’s business, becoming a great way for his customers to reach their consumers. A lot of his advisors were against the idea, saying it would be too complicated and risky. He kept pushing forward anyway.

Then, as he was heading to a meeting to begin to secure financing for the deal, Benioff slipped on a curb and sliced his leg open.

He took it as a sign that he should think twice. He recounted the circumstances in a recent phone interview:

“I slipped on the sidewalk and split my leg, and had other problems with my knee,” Benioff said. “As I had blood dripping down my leg as I was pitching the bond-rating firms, [I was] thinking to myself, ‘Is this a sign?’ Maybe I shouldn’t be moving in this direction. But I so strongly loved my vision of what it could become. Eventually our investors, who are a key stakeholder of mine, they said no, we don’t really want you to move in this direction.”

Benioff has been a huge critic of social media company Facebook, comparing it to cigarettes because the platform uses technology to make it hard to quit. He acknowledged that Twitter has similar problems — “Hopefully they’re cleaning it up.”

He also criticized CEO Jack Dorsey for his refusal to support Proposition C, which imposes a tax on wealthy San Francisco companies to raise more funds for fighting homelessness. (It passed with less than the two-thirds majority necessary to avoid a legal battle, and is now in the courts.)

“Jack Dorsey was quite against Prop C and helping the homeless, even though between Twitter and Square, they’ve created between 50 and 60 billion dollars of market cap — or maybe more now [Ed: it’s actually around $55 billion as of Monday afternoon] — they were not supporting the major homeless NGOs and major homeless programs. They still aren’t.”

He adds, “When you’re in San Francisco, you and I know that if your stakeholder is not the homeless, I don’t know who is.”

WATCH: Benioff says stockholders were very clear on Twitter deal


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: matt rosoff, https, wwwlinkedincom in mattrosoff
Keywords: news, cnbc, companies, pushing, leg, vision, buy, changed, homeless, twitter, stockholders, stakeholder, took, salesforce, deal, social, marc, benioff, accident, mind


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Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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Five things you never need to buy new (the savings will blow you away)

Just as the new car you drive off the lot immediately loses half its value — congratulations on the new used car you just purchased — there are plenty of things you can buy secondhand or refurbished. The money you save can be a much-needed infusion to your emergency fund or a boost to an investment account. Laptop luxury for less97 | E+ | Getty ImagesYou can save hundreds of dollars when you buy refurbished electronics, and there’s a lot to choose from. “If you buy from the right place, you wind


Just as the new car you drive off the lot immediately loses half its value — congratulations on the new used car you just purchased — there are plenty of things you can buy secondhand or refurbished. The money you save can be a much-needed infusion to your emergency fund or a boost to an investment account. Laptop luxury for less97 | E+ | Getty ImagesYou can save hundreds of dollars when you buy refurbished electronics, and there’s a lot to choose from. “If you buy from the right place, you wind
Five things you never need to buy new (the savings will blow you away) Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: jill cornfield
Keywords: news, cnbc, companies, things, samsung, buy, savings, cost, car, save, getty, used, raymond, need, phone, away, blow, refurbished


Five things you never need to buy new (the savings will blow you away)

We all need stuff, from cars to laptops to clothes. That doesn’t mean you have to walk into a store and plunk down money for brand new items each time. Just as the new car you drive off the lot immediately loses half its value — congratulations on the new used car you just purchased — there are plenty of things you can buy secondhand or refurbished. Consider rentals for rarely used items. You’re unlikely to purchase 80 chairs and a tent for that backyard wedding. How often would you actually use a punch bowl? Here are five categories of stuff you should definitely not buy new. The money you save can be a much-needed infusion to your emergency fund or a boost to an investment account.

1. Save a bunch on your ride

Don Mason | Corbis | Getty Images

New cars are for people who are either really rich or who shrug at the cost and feel it’s worth it. For most people, the savings realized from buying pre-owned (if that sounds nicer to you than “used”) is so substantial as to overcome any hesitation. One strategy: Look at cars that are nearly new, with a late model year and low mileage. “Purchasing a car that’s a few years old and loaded with features can potentially cost less than buying a newer vehicle that only comes with basic features,” said Darren Newberry, senior vice president, store operations at CarMax, the used car retailer. Do your research, narrow the choices and make sure the car is thoroughly inspected. “Avoid vehicles with frame damage, flood damage or salvage history,” Newberry said.

2. Baby on a budget

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3. Laptop luxury for less

97 | E+ | Getty Images

You can save hundreds of dollars when you buy refurbished electronics, and there’s a lot to choose from. “The list [of what’s available] is getting longer,” said Chris Raymond, deputy editor of electronics at Consumer Reports in Yonkers, New York. Apple and Samsung both offer refurbished phones, as well as laptops and computers, on their websites. “Even refurbished headphones,” Raymond said. You can now buy high-end Beats or Bose electronics. “Be careful,” he said. “Not every retailer defines refurbished in the same way.” According to Raymond, Apple and Samsung, for example, will do more than just clean a phone. They’ll actually look at and replace many parts. “You end up with a new battery, new outer casing, new earphones and a new cord,” he said. “If you buy from the right place, you wind up with a phone that looks brand new and operates like a brand new phone.” Pay attention to the warranty, because they vary. “Samsung and Apple give a one-year warranty,” Raymond said. Other places may be only 90 days. The big thing is great prices. A smartphone can run $300 to $500, about half the cost of a premium phone, according to Raymond.

4. A wallet-friendly bottomless closet

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A big event means putting on something you almost never wear and may not even own. Men have rented formalwear for decades, but women now do, too. Rent the Runway has brought the cost of a heart-stoppingly pricey dress down so it’s comparable to a restaurant meal instead of your monthly rent. You can rent a Badgley Mischka evening dress (retail: $935) for $55 to $70, depending on the number of days. The company started with dresses for special events and moved into workday clothing subscriptions. Melanie Hamilton, 40, is sales leader for a large tech firm and a fan of the subscription service for her workday wardrobe, since it means not having to repeat outfits frequently. “I literally buy [only] bags and shoes on my own,” Hamilton said. She estimates her savings at around $1,000 a month since her position requires a polished wardrobe. Other fashion retailers, including Ann Taylor, have also begun offering workwear subscriptions that can cut down the cost of buying new clothes.

5. Before you invest in a hammock …


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: jill cornfield
Keywords: news, cnbc, companies, things, samsung, buy, savings, cost, car, save, getty, used, raymond, need, phone, away, blow, refurbished


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Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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$100 is worth about $86 in New York—here’s what it will buy you in every US state

One hundred dollars looks a lot different depending on where you are in the United States: In Mississippi, for example, it’s worth $117, while in New York, it’s worth about $86. The BEA looked at regional price parities (RPPs), which express a region’s price level relative to the U.S. as a whole. The BEA analyzed prices of “all consumption goods and services, including housing rents” and found that “areas with high/low RPPs typically correspond to areas with high/low price levels for rents.” Sur


One hundred dollars looks a lot different depending on where you are in the United States: In Mississippi, for example, it’s worth $117, while in New York, it’s worth about $86. The BEA looked at regional price parities (RPPs), which express a region’s price level relative to the U.S. as a whole. The BEA analyzed prices of “all consumption goods and services, including housing rents” and found that “areas with high/low RPPs typically correspond to areas with high/low price levels for rents.” Sur
$100 is worth about $86 in New York—here’s what it will buy you in every US state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: kathleen elkins
Keywords: news, cnbc, companies, mississippi, prices, tax, state, worth, rpps, price, yorkheres, states, york, buy, bea, highlow, 100


$100 is worth about $86 in New York—here's what it will buy you in every US state

One hundred dollars looks a lot different depending on where you are in the United States: In Mississippi, for example, it’s worth $117, while in New York, it’s worth about $86.

That’s according to the Tax Foundation, which used data from the U.S. Bureau of Economic Analysis (BEA) to show just how far your money will go in all 50 states.

The BEA looked at regional price parities (RPPs), which express a region’s price level relative to the U.S. as a whole. The BEA analyzed prices of “all consumption goods and services, including housing rents” and found that “areas with high/low RPPs typically correspond to areas with high/low price levels for rents.”

States with the highest RPPs are Hawaii, New York and California. Sure enough, rental prices in those states are among the highest in the nation. Those with the lowest RPPs are Mississippi, Arkansas, and Alabama.

To help put the RPPs into perspective, the Tax Foundation adjusted the value of $100 to show how much it would buy you in every state.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: kathleen elkins
Keywords: news, cnbc, companies, mississippi, prices, tax, state, worth, rpps, price, yorkheres, states, york, buy, bea, highlow, 100


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When it pays to buy travel insurance

Yet there is one more item you may be missing: travel insurance. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com. Trip cancellationNataliaDeriabina | iStock | Getty ImagesOne of the most popular types of travel insuran


Yet there is one more item you may be missing: travel insurance. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com. Trip cancellationNataliaDeriabina | iStock | Getty ImagesOne of the most popular types of travel insuran
When it pays to buy travel insurance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michelle fox
Keywords: news, cnbc, companies, medical, things, insurance, buy, pay, rental, trip, vacation, coverage, travel, cochran, pays


When it pays to buy travel insurance

Airfare. Hotel. Rental car. When planning your next vacation, those are the first things you look to book. Yet there is one more item you may be missing: travel insurance. With prime booking season for holiday travel now getting underway, it could be a good idea to see what options you have. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “You don’t think you need it until you do.” Nothing drives that point home more than last month’s collapse of 12-year-old British travel firm Thomas Cook, which left hundreds of thousands of vacationers stranded. “Most would not have assumed a company so venerable could go out of business, but it can,” said Cochran, who also co-hosts “The Frommer Travel Show” on WABC radio in New York. Insurance coverage can cover things such as trip cancellation, medical treatment, lost luggage or a missed connection.

Across the board, the biggest mistake [people make] is not understanding the coverage. Megan Moncrie Squaremouth

The premium varies and depends on things like your age, medical history, price and length of the trip and the benefit amount. It can be anywhere from about 5% to 10% of your trip’s cost. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com.

See what you already have

Before purchasing any type of trip insurance, take a look at any coverage you may already have. Your homeowners policy may provide some protection, such as for theft, and your auto insurance may cover a rental car. Your credit card may offer benefits, as well, such as baggage loss coverage, flight delays or cancellations protections, and sometimes basic medical coverage, McMahon said. Some cards also offer secondary car rental collision damage waiver coverage when they are used to reserve and pay for rentals. Chase Sapphire and United MileagePlus Club credit cards come with complimentary primary CDW coverage, while most American Express cards offer cardholders free secondary CDW coverage or, for an extra flat fee, primary coverage on any rental in a set period (e.g., $19.95 for full coverage on any rental for 42 days from date of first rental).

Trip cancellation

NataliaDeriabina | iStock | Getty Images

One of the most popular types of travel insurance is trip cancellation. Just be sure you know what you are buying. “Across the board, the biggest mistake [people make] is not understanding the coverage,” said Megan Moncrief, chief marketing officer of Squaremouth, a website that compares travel insurance. The most comprehensive coverage is “cancel for any reason” — as in, if you change your mind — but it comes at a price. Expect to pay about 50% more. Generally, you’ll get about 75% of your trip reimbursed. There are also policies with a variety of exclusions. What most people look for is insurance that allows them to cancel their vacation in case of injury or illness, or if there is bad weather, such as a hurricane. Expect to provide a doctor’s note for any medical claims. If you aren’t taking a cruise or a tour and instead booked the various pieces of the vacation yourself, you don’t necessarily need trip cancellation insurance. You may just pay a change fee with the airline and can likely cancel your hotel for no penalty if it is within a certain window. Another thing to consider is how far in advance you booked the trip. If it is a last-minute vacation, the likelihood of something coming up is slimmer than if you booked it seven months out.

Medical

Before purchasing medical insurance, check your medical policy to see what coverage, if any, is offered if you travel abroad. For example, Medicare and Medicaid generally do not cover you outside the U.S. Even if you are covered, you’ll likely have to pay for any treatment up front and then file for reimbursement when you return home. “If you are going abroad, you want to make sure if you get sick … you don’t pay an extreme amount of money,” said Frommers’ Cochran. While travel medical insurance covers things that come up on your trip, be aware of any exclusions — if you injure yourself skydiving or bungee jumping, you may not be covered, he said. Also, check the policy’s specifics on preexisting conditions. If you have some medical concerns before the trip or plan to go skiing or an another adventure, you may want to consider medical evacuation insurance. It generally covers you if you have to be flown off the ski mountain, transported to a hospital or if you are really sick and need to be transported home.

Thinkstock | Stockbyte | Getty Images

If you need a medical evacuation and don’t have insurance, it could cost you $20,000 to $50,000, Cochran said. Once you are off enjoying your vacation, be sure to keep a copy of the policy on or near you — such as in your purse — and not back in the hotel room, he warns. He pointed to reports of a British teen who died in Cambodia a few years ago after his treatment was allegedly delayed because medics couldn’t find his insurance papers. “Insurance is no good if you are incapacitated and they can’t find proof” of coverage, Cochran said.

Other options

You can also get insurance for things like lost or delayed bags, missed connections or accidental death. “Traveling is such an unknown,” said Squaremouth’s Moncrief. “So many different factors impact our flights — if anything isn’t leaving on time or arriving on time — it’s such a trickle effect. “These can come in handy when these smaller things impact your trip in a bigger way.” Also, if you travel frequently, an annual policy could save you money. They are usually around $250, said Cochran.

Where to get it


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michelle fox
Keywords: news, cnbc, companies, medical, things, insurance, buy, pay, rental, trip, vacation, coverage, travel, cochran, pays


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Millennials who buy less and save more are happier

Millennials who implement “proactive financial strategies” tend to be happier and more satisfied with their lives, according to the new research. “People who save money report better overall well-being, including less psychological distress,” Sabrina Helm, study author and associate professor tells CNBC Make It. “And people who buy less and consume less show less depressive symptoms, so there’s a positive mental health effect.” Although many people have been socialized to see products as solutio


Millennials who implement “proactive financial strategies” tend to be happier and more satisfied with their lives, according to the new research. “People who save money report better overall well-being, including less psychological distress,” Sabrina Helm, study author and associate professor tells CNBC Make It. “And people who buy less and consume less show less depressive symptoms, so there’s a positive mental health effect.” Although many people have been socialized to see products as solutio
Millennials who buy less and save more are happier Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: cory stieg
Keywords: news, cnbc, companies, study, millennials, health, save, researchers, tend, students, helm, happier, mental, lives, buy


Millennials who buy less and save more are happier

Following a budget, saving money and shopping less have benefits “beyond the realm of personal finance,” according to a new study out of the University of Arizona.

Millennials who implement “proactive financial strategies” tend to be happier and more satisfied with their lives, according to the new research.

For the study, researchers collected data from 968 young adults (born between the years 1981 and 1996) starting when they were freshmen in college (ages 18-21). They followed up with the same students when they were seniors, and then two years later (ages 23-26).

The study participants answered questions about materialism, their own personal finance tactics such as budgeting and any pro-environmental habits they followed. (The researchers chose to look at eco-friendly habits because they provide further insight into how the students “cope with limited resources.”)

Students were also surveyed about their mental health, including their how satisfied they were with their lives and how they’d rank their personal well-being.

“People who save money report better overall well-being, including less psychological distress,” Sabrina Helm, study author and associate professor tells CNBC Make It. “And people who buy less and consume less show less depressive symptoms, so there’s a positive mental health effect.”

Not surprisingly, the money-saving strategies improved people’s financial satisfaction too.

“It gives you peace of mind,” Dr. Helm says. “If you’re able to put something aside for worse days, and if you manage to live within your means, it has clear positive effects on mental health.” This finding is especially significant for students, “who very often have a hard time financially,” she adds.

Certain sustainability efforts also have a similar impact on people’s health and happiness.

For example, researchers found that the students who consumed less to help the environment were happier than those who simply bought more “green” products. Although many people have been socialized to see products as solutions, simply reducing the number of things you use or buy might be the better strategy for your mental health, Dr. Helm explains.

“It’s normal to get a product to help us cope with all sorts of things in our lives,” Dr. Helm says, “but that contributes to climate change.”

Luckily, there are concrete tips people can use to “step back from the consumerist approach” and feel happier with their lives, Dr. Helm says. For example, she suggests keeping a weekly purchase diary and creating a shopping list to avoid spending on impulse.

“If we can manage to take a more critical or mindful stance toward our everyday consumption behaviors, that’d be extremely important,” Dr. Helm adds.

People in other age groups can benefit from scaling back, not just young people in college. A 2014 study found that adults who are less materialistic tend to be happier (on the flip side, people who are happier also tend to be less materialistic).

Don’t miss:


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: cory stieg
Keywords: news, cnbc, companies, study, millennials, health, save, researchers, tend, students, helm, happier, mental, lives, buy


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The salary you need to buy a house in 10 of the largest cities in the US

If you’re in the market for a house, you might want to look outside of California. According to a new report from HSH.com, a site that tracks mortgage rates, the four most expensive metro areas in the country are in the Golden State. HSH.com’s quarterly report estimates the annual income needed to qualify for the median mortgage in the 50 largest metro areas in the U.S. It uses data from the National Association of Realtors, the Mortgage Bankers Association and available property tax and insuran


If you’re in the market for a house, you might want to look outside of California. According to a new report from HSH.com, a site that tracks mortgage rates, the four most expensive metro areas in the country are in the Golden State. HSH.com’s quarterly report estimates the annual income needed to qualify for the median mortgage in the 50 largest metro areas in the U.S. It uses data from the National Association of Realtors, the Mortgage Bankers Association and available property tax and insuran
The salary you need to buy a house in 10 of the largest cities in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: alicia adamczyk
Keywords: news, cnbc, companies, metro, mortgage, annual, house, association, median, payment, largest, national, areas, need, report, cities, price, salary, buy


The salary you need to buy a house in 10 of the largest cities in the US

If you’re in the market for a house, you might want to look outside of California. According to a new report from HSH.com, a site that tracks mortgage rates, the four most expensive metro areas in the country are in the Golden State.

HSH.com’s quarterly report estimates the annual income needed to qualify for the median mortgage in the 50 largest metro areas in the U.S. It uses data from the National Association of Realtors, the Mortgage Bankers Association and available property tax and insurance information to make its calculations.

It also assumes a down payment of 20%, a fixed-rate, 30-year mortgage and an industry standard 28% debt-to-income ratio for buyers.

Across the U.S., the median home price in the second quarter of 2019 — which is what the report is based on — was $279,600, requiring an annual salary of at least $61,123 to afford and a monthly mortgage payment of $1,426.21. But the median price in individual metro areas can be much higher or lower than that national median.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: alicia adamczyk
Keywords: news, cnbc, companies, metro, mortgage, annual, house, association, median, payment, largest, national, areas, need, report, cities, price, salary, buy


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Hays Travel to buy Thomas Cook’s UK stores, government agency says

One fast-food stock is best in show right now, trader saysFast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further. Trading Nationread more


One fast-food stock is best in show right now, trader saysFast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further. Trading Nationread more
Hays Travel to buy Thomas Cook’s UK stores, government agency says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, thomas, stocks, nationread, stock, buy, gobbled, furthertrading, travel, past, trader, cooks, right, saysfastfood, market, hays, agency, stores


Hays Travel to buy Thomas Cook's UK stores, government agency says

One fast-food stock is best in show right now, trader says

Fast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, thomas, stocks, nationread, stock, buy, gobbled, furthertrading, travel, past, trader, cooks, right, saysfastfood, market, hays, agency, stores


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