The Piggy Bank

“The most important investment you can make is in yourself.”

Warren Buffett

A gif of the Allio logo with a coin falling into it

The Piggy Bank

“The most important investment you can make is in yourself.”

Warren Buffett

A gif of the Allio logo with a coin falling into it

The Piggy Bank

“The most important investment you can make is in yourself.”

Warren Buffett

A gif of the Allio logo with a coin falling into it

The Piggy Bank

“The most important investment you can make is in yourself.”

Warren Buffett

A gif of the Allio logo with a coin falling into it

Features

Academy

Magazine

Who we are

Features

Academy

Magazine

Who we are

A weekly look at the news stories impacting your economy.

By Adam Damko, CFA

February 20, 2024

recessions ripple across the globe + january inflation runs hotter than expected

Both Japan and the United Kingdom reported consecutive quarters of negative economic growth, meeting the qualification for a recession.

By Adam Damko, CFA

February 5, 2024

the fed stays put + is remote work really better?

The Federal Reserve decided to hold interest rates steady yet again. Here’s what it may mean for potential rate cuts in 2024.

By Adam Damko, CFA

January 29, 2024

social media drives gen z’s money habits + looking for a new job? wait a few months

Gen Z’s finances are intertwined with social media, which comes with both benefits and risks.

By Adam Damko, CFA

January 22, 2024

how much $$ does it take to be happy? + loud budgeting

We explore two different studies in an attempt to answer the age-old question: “Can money buy happiness?”

By Adam Damko, CFA

January 16, 2024

love & money + america’s streaming exodus

Almost half of Gen Z thinks money is more important than a “romantic connection” in a relationship.

By Adam Damko, CFA

January 8, 2024

time for a financial health day + let's talk jobs

As we head into 2024, money experts recommend setting aside a financial health day to get your budget in order.

By Adam Damko, CFA

January 2, 2024

the spend now, retire later generation + the rise of the renting class

For Gen Z, spending on experiences > retirement saving. Here are three tips that can help you find balance in your finances.

By Adam Damko, CFA

December 26, 2023

my so-called retirement + the money talk

Gen X is significantly lagging when it comes to saving for retirement, averaging just $40,000 saved. But there’s a silver lining.

By Adam Damko, CFA

December 18, 2023

the cost of finding love is climbing + gen z is rewriting life's playbook

Would you pay $2,499 per month for a premium dating app? Finding love in today’s world is becoming exorbitantly expensive. This is apparent in the rising cost of paid dating apps.

By Adam Damko, CFA

December 4, 2023

hacking homeownership + every kid gets a portfolio?

Can “house hacking” help you secure your dream home? This new trend helps make buying a home more affordable by reducing the monthly mortgage payment.

By Adam Damko, CFA

November 27, 2023

gen z's dream job + how much $$ do you need to be happy?

Gen Z’s dream job is the one that they run themselves. The youngest generation has a growing infatuation with entrepreneurship — and is giving it its own twist.

By Adam Damko, CFA

November 20, 2023

navigating a broken housing market + the labor market, redefined

Today’s housing market has remained expensive for months and is driving would-be buyers to spend their money in other ways.

Commuters on a subway
Commuters on a subway
Commuters on a subway

By Adam Damko, CFA

November 13, 2023

the modern-day commute + meet the “hermit consumer”

The rise of remote work has led to a decrease in commuting, impacting the availability of public transportation.

Coins in a row
Coins in a row
Coins in a row

By Adam Damko, CFA

November 6, 2023

the real secret to financial security? + gen z’s new take on retirement

“Emergency funds” are a staple of good financial health. But here’s why it might be worth reconsidering how you approach your savings.

A borken piggy bank with coins surrounding it.
A borken piggy bank with coins surrounding it.
A borken piggy bank with coins surrounding it.

By Adam Damko, CFA

October 30, 2023

halloween spending hits a spooky high + it's a gig work world

Americans are set to spend $12.2 billion on costumes and candy this year. A phenomenon known as “revenge spending” is likely fueling this surge.

A young woman holds a golden piggy bank
A young woman holds a golden piggy bank
A young woman holds a golden piggy bank

By Adam Damko, CFA

October 23, 2023

see who's taking retirement planning seriously + how much do you need to retire anyway?

Gen Z are ahead on investing and saving for retirement — with women leading the charge.

A young couple walks down the street
A young couple walks down the street
A young couple walks down the street

By Adam Damko, CFA

October 16, 2023

inflation wreaks havoc on dating + unwrapping shipping discounts

The high cost of living has made even the simplest dates more expensive. Here’s how Generation Z is responding.

Two men stand on a balcony
Two men stand on a balcony
Two men stand on a balcony

By Adam Damko, CFA

October 9, 2023

the job-hopping generation + it's a FOMO economy

Job hopping comes with plenty of benefits — but easy retirement planning isn’t one of them. Here’s what you need to know about planning for retirement if you routinely change employers.

By Adam Damko, CFA

October 2, 2023

prenups on the rise + gen z & millennial financial woes

Prenups — previously reserved for the uber-wealthy — are becoming more commonplace among younger couples.

By Adam Damko, CFA

September 26, 2023

where remote work thrives + why are strikes surging?

As remote work gets more popular, many of America’s most iconic cities may be forced to adapt to better suit the changing workforce.

By Adam Damko, CFA

September 18, 2023

mini millionaires in the making + the secret to achieving more? trying less...

Ditch your child’s allowance and do this instead. A Roth IRA is has many benefits — particularly for younger investors.

By Adam Damko, CFA

September 11, 2023

Will they or won't they (return to office)? + new perk: repaid loans

84% of employees are staying in the office for less than six hours at a time. Surely, this has led to a productivity plummet… right?

By Adam Damko, CFA

September 5, 2023

gen z = active traders? + the millennial debt crisis

Gen Z is actively trading the stock market at a much higher rate than previously expected and more aggressively than previous generations.

By Adam Damko, CFA

August 28, 2023

decoding gen z's investment mindset + when your new job keeps hitting snooze

The average Gen Z investor puts quality of life above all else & is passionate about their beliefs, even if it means lower returns.

By Adam Damko, CFA

August 21, 2023

what do you want for dinner? + the do's and don'ts of interviews

With prices & options surging, the answer to “What do you want for dinner?” has never been harder. But it might be about to get a bit easier

By Adam Damko, CFA

August 14, 2023

the end of ultracheap goods + has america become an anti-hustle culture?

Consumer prices in China — the world’s second-largest economy — have slipped into a deflationary period for the first time in two years.

By Adam Damko, CFA

August 7, 2023

love and #financialtransparency + is college worth the cost?

Financial experts recommend setting a spending limit with your significant other. Doing so could help avoid finance-related marital strife.

By Adam Damko, CFA

July 31, 2023

are IPOs back? + PTO panic

Following successful IPOs from Cava and Oddity Tech, the US IPO market might finally be heating back up.

By Adam Damko, CFA

July 24, 2023

student loan déjà vu + new 401(k) rules

When they restart in October, student loans will feel like a 5% pay cut for most borrowers. Here’s how to prepare.

By Adam Damko, CFA

July 17, 2023

inflation cools (again) + buying nonperishables is going to cost you + 3 ways to beat the singles tax

Food inflation may be easing from its 13.5% peak a year ago — but one category of food remained up 12% in May.

By Adam Damko, CFA

July 10, 2023

what to know about student loans + the southern US boom

With the Supreme Court voting against President Biden’s student loan forgiveness plan, it’s time for borrowers to revisit their budgets.

By Adam Damko, CFA

July 8, 2023

employer vs. employee + diner frustration mounts

The rise of remote work comes with a complicated list of pros & cons. We’ve broken down the state of the US workplace.

By Adam Damko, CFA

June 26, 2023

high earners hit the dollar store + want to work downtown?

After a year of volatile prices, even America’s top earners are gravitating toward discount chains like Grocery Outlet & Dollar General.

By Bill Chen, CFA

June 24, 2023

inflation slows + what is wealthy? + the surprising resurgence of check crime

What if you could be wealthy without having much money? A new survey shows this aspect of life is more important to being wealthy than cash.

By Bill Chen, CFA

June 13, 2023

tips on tipping + should you store your cash in venmo?

Companies are leveraging two psychological biases to influence your tipping behavior. Here's what they are and how you can resist them.

By Bill Chen, CFA

June 5, 2023

how to haggle + hot restaurant summer?

Negotiating certain expenses can save you thousands of dollars. Use these 5 negotiating tips to score a cheaper price.

By Bill Chen, CFA

June 3, 2023

the remote work blues + more women working than ever before

Is remote work the reason 61% of Americans feel lonely? Remote coworking could be a simple way to stave off the remote work blues.

By Bill Chen, CFA

May 22, 2023

school of tok: money edition + no new rides?

A new trend on TikTok called #paydayroutine has inspired users to start sharing details about how much they make and spend.

By Bill Chen, CFA

May 20, 2023

inflation cools (again) + americans are strapped for cash + biden v. airlines

Thanks to a number of factors, the US personal savings rate is at a dramatic low, and 10% of Americans have no savings whatsoever.

By Bill Chen, CFA

May 8, 2023

bare minimum mondays + moving for the kids?

TikTok’s latest workplace trends suggest you prioritize self-care over productivity to start the workweek — but at what cost?

By Bill Chen, CFA

May 1, 2023

a penalty for good credit? + the rise of "succession" style

This new federal rule will implement a fee for high-credit borrowers applying for a mortgage. Here’s what you need to know.

By Bill Chen, CFA

April 29, 2023

layoffs mount + 3 ways to save at the pump + gen z's travel bug

With the price of gas poised to hit $4 in the coming weeks, here are a few tips that could help you save at the pump.

By Bill Chen, CFA

April 17, 2023

inflation cools + tax filing 101 + turmoil in the car market

In a win for consumers, inflation slowed for the 9th consecutive month, led by easing eggflation. But it's still double what it should be.

By Bill Chen, CFA

April 10, 2023

student loan ripple effect + are pets worth the $$ + gen z is over the workplace

The world is more expensive now than the last time you were required to make a payment. Here’s how to prepare your budget.

By Bill Chen, CFA

April 3, 2023

a nation divided (by real estate) + inflation = overspending + a mill to retire?

The US housing market is divided right down the middle, with East Coast markets experiencing price growth, while western markets suffer.

By Bill Chen, CFA

March 27, 2023

unredeemed rewards + expensive child care's economic impact + Twitter's ad dilemma

A whopping 23% of Americans might be leaving money on the table by not redeeming their credit card points.

By Bill Chen, CFA

March 25, 2023

millennials are racking up debt + the Fed's data problem + the EV skills gap

Consumers, particularly those in their 30s, are racking up debt at the fastest rate since the Great Recession. But it’s not all bad news…

By Bill Chen, CFA

March 25, 2023

time up for TikTok? + why 70 is the new 62 + the trick to lowering your mortgage payment

New legislation has been introduced that could ban the video-posting app. Here’s what’s going on.

By Bill Chen, CFA

March 25, 2023

revenge travel + the manager loophole + futuristic shoes

Revenge travel is booming as people continue to spend money on traveling, despite the rising cost of living.

The articles and customer support materials available on this property by Allio are educational only and not investment or tax advice.

If not otherwise specified above, this page contains original content by Allio Advisors LLC. This content is for general informational purposes only.

The information provided should be used at your own risk.

The original content provided here by Allio should not be construed as personal financial planning, tax, or financial advice. Whether an article, FAQ, customer support collateral, or interactive calculator, all original content by Allio is only for general informational purposes.

While we do our utmost to present fair, accurate reporting and analysis, Allio offers no warranties about the accuracy or completeness of the information contained in the published articles. Please pay attention to the original publication date and last updated date of each article. Allio offers no guarantee that it will update its articles after the date they were posted with subsequent developments of any kind, including, but not limited to, any subsequent changes in the relevant laws and regulations.

Any links provided to other websites are offered as a matter of convenience and are not intended to imply that Allio or its writers endorse, sponsor, promote, and/or are affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Allio may publish content that has been created by affiliated or unaffiliated contributors, who may include employees, other financial advisors, third-party authors who are paid a fee by Allio, or other parties. Unless otherwise noted, the content of such posts does not necessarily represent the actual views or opinions of Allio or any of its officers, directors, or employees. The opinions expressed by guest writers and/or article sources/interviewees are strictly their own and do not necessarily represent those of Allio.

For content involving investments or securities, you should know that investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Allio's charges and expenses. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. This page is not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Allio Advisors is not registered.

For content related to taxes, you should know that you should not rely on the information as tax advice. Articles or FAQs do not constitute a tax opinion and are not intended or written to be used, nor can they be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer.