You might be surprised to learn that young people fared so well in the battle to get ahead in 2023.

Millions of Americans are stuck in a debt rut. They begin each year with holiday debt and good intentions about getting rid of it. Too often, the good intentions quickly fade but the debt sticks around.

At Frugal Gnome, the concept of discretionary income (DI) is used to measure your true wealth, i.e., how much financial freedom you have. (DI is the amount of money you can choose how to spend, as opposed to the portion of your income that pays for necessary expenses and financial obligations.)

When it comes to investing, should you try to beat the market or is it safer to go with the crowd? That’s a multi-trillion-dollar question.

One account you can use to save for the long term is the Individual Retirement Arrangement, or IRA. This savings vehicle optimizes investment growth by managing when taxes are paid.