How we became such massive consumers. Increase success through goal reduction. Will historically low mortgage rates keep going down?
How the U.S. consumer became the most resilient force in the economy (A wealth of common sense)
A nice history lesson of how we became the biggest consumers in the world. One item that stood out to me was that disposable income rose by almost 75% from 1929 to 1950, even after taking inflation into account. Compare that to the stagnation in real wages over the past 40 plus years.
Don’t bog yourself down with too many goals (Harvard business review)
Some good tips for prioritizing goals and making progress towards them. The most difficult for me is the last tip in the article, forcing yourself to work towards the goal for a predetermined amount of time before assessing whether you’re on the right track.
Can mortgage rates go even lower? (Yahoo Finance)
Rates for 30 year fixed mortgages dropped below 3 percent last week, the first time that’s happened in at least 50 years. One expert quoted in this article thinks they may go a little lower.
If you’ve taken out a mortgage in the past few years or missed the opportunity to refinance an older loan back in 2012 or 2016, it could be worth looking into.