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Stephanie Horan

Mortgage, Savings and Retirement Expert

Stephanie Horan is a data journalist at SmartAsset. A Certified Educator of Personal Finance (CEPF®), she sources and analyzes data to write studies relating to a variety of topics including mortgage, retirement and budgeting. Before coming to SmartAsset, she worked as an analyst at an asset management firm. Stephanie graduated from Williams College with a degree in Mathematics. Originally from Philadelphia, she has always been a Yankees fan and currently lives in New York.

Posts by Stephanie Horan:

by Stephanie Horan Jan 22, 2020

Since the 1990s, the divorce rate for adults 50 and older in the United States has roughly doubled, according to findings from the Pew Research Center. In fact, for adults 65 and older, the divorce rate has tripled over that same time period. Often referred to as gray divorce, divorce among seniors may have far-reaching financial consequences. That’s why it’s imperative that those exploring the process consider professional help to make sense of their money matters. Read more

by Stephanie Horan Jan 24, 2020

U.S. home prices peaked in the years leading up to the Great Recession and fell dramatically when the housing bubble burst. In fact, national data from the House Price Index (HPI) shows that home prices dropped by 33% between April 2006 and March 2011. Though the economy has broadly recovered since then, home prices have not rebounded evenly nationwide. In this study, we determined which local housing markets have recovered the most and the least since the recession. Read more

by Stephanie Horan Jan 16, 2020

As people age, their spending and saving patterns change. Major life events like buying a home, getting married or having kids may impact not only the rate at which people save, but also how they allocate the money that they do spend. Generational cohorts have also demonstrated differences in their financial priorities. For instance, a report from the Urban Institute found that in 2018, millennial homeownership rates were approximately eight percentage points lower than the homeownership rates of Generation Xers and baby boomers when they were the same age (21 to 37 years old). Read more

by Stephanie Horan Jan 23, 2020

Census Bureau data from 2018 shows that millennials have a homeownership rate of 33.7%, well below the national average of almost 64%. Though the national rate of millennial homeownership is low,… Read more

by Stephanie Horan Jan 07, 2020

The average U.S. worker travels about 27.1 minutes to work and spends $2,600 annually on commuting costs, according to 2018 Census Bureau estimates and the Citi ThankYou Premier Commuter Index.… Read more

by Stephanie Horan Dec 20, 2019

Whether you’re a birth parent or an adoptive one, having children is costly. Given the variety of expenses prospective adoptive parents face, they must consider whether they have the savings to… Read more

by Stephanie Horan Dec 16, 2019

Finding steady income in a reliable sector is an important consideration for where Americans decide to put down roots and take out a mortgage. The manufacturing industry, one such robust sector,… Read more

by Stephanie Horan Dec 11, 2019

The stress of credit card debt is often felt the most at the end of the year, since Americans tend to put more on the plastic during the holiday shopping season. In fact, data from Experian shows… Read more

by Stephanie Horan Dec 11, 2019

As cost of living and taxes vary throughout the U.S., location is one of the biggest factors impacting how much money you need in retirement savings. That’s why many Americans wonder whether they… Read more

by Stephanie Horan Dec 04, 2019

When choosing where in the U.S. to settle down and take out a mortgage, people consider a variety of factors like housing costs, cost of living, safety and dining and entertainment options. It is… Read more

by Stephanie Horan Nov 21, 2019

Like home prices, rent varies month to month in many cities. Rent is often higher in summer months than in winter ones, as more than 40% of all moves take place during the four months from May… Read more

by Stephanie Horan Nov 19, 2019

In 2018, the median household income in the U.S. was $61,937 while the median home value was $229,700. But because median household incomes and home values differ greatly by place, home affordability… Read more

by Stephanie Horan Nov 18, 2019

The middle class is feeling the squeeze, as financial gains for this cohort have not kept pace with those of upper-income households. The median income of upper-income households in 1970 was 2.2… Read more

by Stephanie Horan Nov 12, 2019

Rent affordability is largely dependent on income. Guidelines from the Department of Housing and Urban Development (HUD) recommend that households not spend more than 30% of their monthly gross… Read more

by Stephanie Horan Nov 14, 2019

According to a recent report from the National Council of Nonprofits, U.S. nonprofits employ more than 10% of the total private workforce in the U.S., a higher percentage than in many other… Read more

by Stephanie Horan Nov 07, 2019

Because the cost of living tends to correlate with population size, mid-sized cities are often more affordable alternatives to large cities and potentially offer better opportunities to save and… Read more

by Stephanie Horan Oct 31, 2019

The number of women-owned businesses in the U.S. has increased in recent years, which could be encouraging news for other women who are still building up the resources to start new ventures.… Read more

by Stephanie Horan Oct 23, 2019

Every two years, the Bureau of Labor Statistics (BLS) releases employment projections for more than 800 detailed occupations, with its most recent projections spanning from 2018 to 2028. Solar… Read more

by Stephanie Horan Nov 04, 2019

Following mortgage debt, student loan debt is the second-largest form of U.S. consumer debt, growing substantially over recent years and negatively affecting Americans’ ability to save enough.… Read more

by Stephanie Horan Jan 07, 2020

Lack of investment in infrastructure within a state can have tangible effects on its residents’ finances. The American Society of Civil Engineers’ 2016 report “Failure to Act” quantifies these… Read more

by Stephanie Horan Oct 17, 2019

State energy efficiency and renewable energy programs may produce significant benefits for residents including lower fuel and electricity costs, increased grid reliability, better air quality and… Read more

by Stephanie Horan Oct 01, 2019

About two-thirds of the jobs outlined by the Bureau of Labor Statistics (BLS) in 2018 do not require workers to have a bachelor’s or advanced degree. Though pay is generally correlated with education… Read more

by Stephanie Horan Sep 30, 2019

High-performing public schools and robust public education spending are often correlated with high home values. According to a 2002 report published by the National Bureau of Economic Research (NBER)… Read more

by Stephanie Horan Sep 29, 2019

The cost differential between renting and buying varies by the amount of time a person expects to stay in a home. Accounting for location, monthly rent and a target home price, SmartAsset’s rent vs.… Read more

by Stephanie Horan Oct 07, 2019

According to the National Center for Health Statistics, about 3.9 million births were registered in the U.S. in 2017, with millennial women accounting 80% of them. The average age of mothers at first… Read more