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Anja Solum

Personal Finance Expert

Anja Solum is a data journalist at SmartAsset covering a variety of personal finance topics, including retirement and debt management. Before joining SmartAsset, she worked on both agency and in-house content marketing teams where she developed her love for data analysis and visualization. In her free time, she nurtures a passion for gaming, a recent addiction to anime & KDramas, and a mischievous labrador retriever. A bit of a nomad, she’s lived in Norway, Jamaica, and Denmark in addition to the U.S. but now resides in Raleigh, North Carolina.

Posts by Anja Solum:

by Anja Solum Jun 24, 2022

Life is tough for working moms and dads, and the pandemic has exacerbated the stress that parents in the workforce face. A new report from The Ohio State University shows that roughly 66% of working parent respondents met the criteria for burnout. Financial concerns are top of mind for many parents, especially as the prices of goods and services rise rapidly and the stock market enters bear market territory. However, in some cities, housing and childcare costs are lower and parental leave is available to all workers, creating a more favorable environment for working parents. Read more

by Anja Solum Jun 24, 2022

The U.S. tech industry has steadily grown year-over-year and is projected to see another 178,000 tech jobs enter the market in 2022. But while the industry’s median income continues to skyrocket above the national median income, women only make up 26.1% of all tech workers and earn just 84% of what men do. Depending on the city, however, some women fare better than others and represent a larger portion of the tech workforce. Keeping this in mind, SmartAsset analyzed data to identify and rank the best cities for women in tech. Read more

by Anja Solum Jun 21, 2022

Rent prices are rising rapidly in many of America’s largest cities. Nationally, average rent increased by 11.3% between the start of 2021 and 2022. To more comfortably afford housing costs, some renters opt to share a space. The Pew Research Center reports that nearly one in three adults have a roommate. However, many people prefer living alone, if it fits in their monthly budget. Read more

by Anja Solum Jun 15, 2022

As of April 2022, the 12-month inflation rate is 8.3% and the highest it has been in over 20 years. Among other things, this has translated to a higher cost of living for many Americans. According to… Read more

by Anja Solum Jun 08, 2022

American seniors have many financial considerations to take into account as they navigate their golden years. Retirement income, savings, tax burdens and inflation are a few common examples. The… Read more

by Anja Solum Jun 08, 2022

Outdoor activities can add up quickly when you consider equipment, gear and apparel. For instance, the average bicycle costs upwards of $300, with some bikes costing thousands of dollars, depending… Read more

by Anja Solum Jun 08, 2022

When it comes to housing costs, a general financial rule says not to spend more than 30% of your pre-tax income on this inevitable expense. But though the Bureau of Labor Statistics says that… Read more

by Anja Solum May 26, 2022

Due to the COVID-19 pandemic, many betrothed couples delayed their nuptials out of caution or in adherence to safety guidelines. Because of this, the wedding industry saw a dramatic fall in revenue (… Read more

by Anja Solum May 19, 2022

The COVID-19 pandemic has introduced new stressors into daily life as employees try to balance potentially longer hours, increased demands at home and continued uncertainty regarding work culture… Read more

by Anja Solum May 31, 2022

Fewer Americans plan to work past the age of 62. In a March 2022 survey conducted by the Federal Reserve Bank of New York, 49.2% of Americans plan to work past the age of 62, a figure that is 6.2%… Read more

by Anja Solum May 05, 2022

Buying a home in 2022 has become very expensive. The S&P CoreLogic Case-Shiller US National Home Price Index, which tracks the purchase prices of single family homes, says that prices rose 19.2% in… Read more

by Anja Solum May 09, 2022

Asian Americans make up just under 5% of the total adult population in the U.S., but own roughly 10% of all U.S. businesses. And as the Asian American population is expected to more than double from… Read more

by Anja Solum Apr 26, 2022

Historically, the middle class has been the largest economic group in the U.S. and currently remains so. However, it is an economic group whose numbers have steadily declined year-over-year. More… Read more

by Anja Solum Apr 21, 2022

Retirement can often be daunting because it means a shift from traditional income to a reliance on savings, investments and government programs such as Social Security. However, for most Americans,… Read more

by Anja Solum Apr 15, 2022

While the U.S. is not directly involved in the Russia-Ukraine war, Americans are seeing an impact at home. The prices of commodities and products in the U.S., and worldwide, have increased above the… Read more

by Anja Solum Apr 06, 2022

Between 2020 and 2021, the number of fraud reports filed with the Federal Trade Commission (FTC) increased by 27.3%, from 2.2 million to 2.8 million. Total reported monetary losses saw a bigger spike… Read more

by Anja Solum Mar 31, 2022

The cryptocurrency industry is currently worth more than $1.8 trillion globally, compared to its value of roughly $200 billion two years ago. In the U.S., consumers and businesses are latching onto… Read more

by Anja Solum Mar 23, 2022

As of 2020, there are 10.7 million single parent households in the U.S. and 80.5% of them are headed by single mothers. Single mothers have also seen a decrease in their income over the past several… Read more

by Anja Solum Mar 18, 2022

Though the Equal Pay Act (EPA) passed in 1963, pay equity issues still exist. According to the Bureau of Labor Statistics (BLS), in 2020, women made 82 cents for every dollar a man earned. Depending… Read more

by Anja Solum Mar 16, 2022

Often when we think about the finances of older Americans, a couple of words come to mind: investments and retirement. Student debt among older Americans is a less typical conversation. However,… Read more

by Anja Solum Mar 10, 2022

Since 1990, average childcare costs in the U.S. have more than doubled while the median household income has increased by just 35%. With childcare costs outpacing incomes, childcare alone can account… Read more

by Anja Solum Mar 01, 2022

The Federal Reserve Bank of New York says that household debt went up roughly $1 trillion in 2021, which is the highest annual increase since 2007. Other studies estimate that the average household… Read more

by Anja Solum Feb 24, 2022

Many Americans choose to buy used cars as a cost saving mechanism rather than investing in a new vehicle. In fact, in 2020, over 40 million used cars were sold in the U.S. compared to 14.6 million… Read more

by Anja Solum Feb 22, 2022

Behind housing and transportation, food and alcohol is the third-largest spending category for the average American – totaling upwards of $7,000 per household in 2020, according to the Bureau of… Read more

by Anja Solum Feb 02, 2022

In 2019, the Census Bureau reported that just 32% of the population ages 25 and older has a bachelor’s degree. With 216.1 million people aged 25 and older in the United States, that leaves 147… Read more