Displaying the most recent of 324 posts written by

K.C. Knouse

Why Insurance Is A Critical Element Of Personal Finance

At its core, insurance protects against an unexpected, catastrophic financial loss.  You can set financial goals and make plans to attain them, budget for unpredictable expenses, and create and fund an emergency savings account to provide for a temporary interruption or reduction in income, but all of that planning will be for naught if you fail to [...]

Many Americans Continue To Pursue An Illusion of Prosperity

According to recent data, a large and growing percentage of Americans are living their financial lives as they did prior to the Great Recession that began in 2007.  They do not budget or save, and they persist in using credit to finance their standards of living.  These folks continue to pursue an illusion of prosperity. [...]

Will The Next Generation Be Less Well-Off Than The Previous Generation?

It is a frequent lament these days:  The next generation may not enjoy a higher standard of living than the current generation.  Up until now, each succeeding generation has built upon the economic progress of the previous generation, at least that has been the story we have told ourselves.  Some now fear the next generation [...]