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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 Sep 17, 2020

Whether due to societal changes or lack of savings, many Americans have delayed homeownership. According to a National Association of Realtors report, the median age of first-time homebuyers in 2019 was 33 years old, three years older than it was a decade prior. Moreover, a recent Zillow analysis shows that the typical first-time homebuyer now rents for six years before settling down in one place, more than double the amount of time needed in the early 1970s. Read more

by Stephanie Horan Sep 15, 2020

Between 2015 and 2019, the total American workforce grew by about 8.7 million workers, with 4.4. million women and 4.3 million men securing employment. Though female and male workers joined the workforce at almost equal rates, certain jobs have seen huge increases in female employment specifically, allowing for further opportunities for women to more easily cover their expenses and meet their savings goals. Read more

by Stephanie Horan Sep 10, 2020

With mortgage rates falling and a renewed emphasis put on living space during COVID-19, U.S. home sales have boomed. Data from the National Association of Realtors shows that sales of previously owned homes increased by 20.7% over the month of June and rose an additional 24.7% during July. Meanwhile, based on the Census’ Survey of Construction, sales of new homes increased by 15.1% and 13.8% during June and July, respectively. Read more

by Stephanie Horan Sep 10, 2020

In 2018, the median monthly rent for a studio was $891 while the median rent for a one-bedroom rental was $911. This means that the average renter living alone in America spends upwards of $10,600… Read more

by Stephanie Horan Aug 27, 2020

In light of the COVID-19 crisis, many individuals are reconsidering where they live. According to a July 2020 Pew Research Center study, about a fifth of U.S. adults moved due to coronavirus or know… Read more

by Stephanie Horan Aug 25, 2020

Earlier this spring, SmartAsset decided to take a closer look at where people had responded to the 2020 Census the most. Since the publication of our original study in May, the Census Bureau moved up… Read more

by Stephanie Horan Aug 21, 2020

With many small businesses struggling to maintain their financial reserves during COVID-19, Bank of America, JPMorgan Chase and Wells Fargo were the U.S. lenders that originated the highest number of… Read more

by Stephanie Horan Aug 11, 2020

As a result of the coronavirus pandemic, many Americans have had trouble covering expenses – especially rent – in recent months. According to data from the National Multifamily Housing Council, less… Read more

by Stephanie Horan Jul 22, 2020

Millennials are much more likely to move than their generational counterparts. IRS data shows than less than 30% of taxpayers are younger than age of 35, but from 2017 to 2018, more than half of tax… Read more

by Stephanie Horan Jul 17, 2020

Many economists have theorized about what the shape of the COVID-19 recession – in other words, the possibilities for recovery – will be. Some individuals are still holding out hope for a “V-shaped”… Read more

by Stephanie Horan Jul 16, 2020

Bureau of Labor Statistics data shows that there are about 33.6 million families in the U.S. with children under the age of 18. In 2018, at least one parent was employed in almost 91% of those family… Read more

by Stephanie Horan Jul 22, 2020

Though efforts to slow the spread of coronavirus across the U.S. have squeezed many local economies and the bank accounts of their residents, college towns are among the most vulnerable. They are… Read more

by Stephanie Horan Jul 08, 2020

Finding a home to fit a family can be a difficult task. Beyond looking for the right number of bedrooms and bathrooms, prospective owners must consider the full costs of homeownership. Though a… Read more

by Stephanie Horan Jun 29, 2020

Only 55% of non-retired American adults have money in a defined contribution plan such as an IRA or 401(k), according to 2019 data collected by the Federal Reserve. With the coronavirus pandemic… Read more

by Stephanie Horan Jun 18, 2020

The gender unemployment gap is defined as the difference between female and male unemployment rates. A “positive” gap indicates that female unemployment is higher than male unemployment while a … Read more

by Stephanie Horan Jun 12, 2020

Overseen by the Small Business Administration (SBA), the Paycheck Protection Program (PPP) is the largest fixture of federal coronavirus financial relief programs. The program provides forgivable… Read more

by Stephanie Horan Jun 09, 2020

Young adults today move more than previous generations. A recent Zillow study found that in 2017, close to one in two millennials – more than 45% – had lived in their current home for fewer than two… Read more

by Stephanie Horan Jun 05, 2020

The U.S. unemployment rate rose nationally by 11.2 percentage points between February 2020 and April 2020, from 3.5% to 14.7%. While unemployment has risen throughout the country, compromising job… Read more

by Stephanie Horan Jun 02, 2020

Despite various government relief programs, the coronavirus crisis has already affected the finances of many Americans. Over the past eight weeks, more than one in four individuals filed for… Read more

by Stephanie Horan May 19, 2020

The coronavirus pandemic has drastically impacted the budgets of not only individuals, but also states. State revenues have declined due to delays in income tax collections along with decreases in… Read more

by Stephanie Horan May 13, 2020

April 1, 2020 marked the original self-response deadline of the 24th Census in the U.S. As mandated by the constitution, the decennial count determines how many congressional seats each state gets,… Read more

by Stephanie Horan May 13, 2020

Last Friday, the Bureau of Labor Statistics (BLS) published its anxiously awaited April 2020 Employment Report, perhaps the first comprehensive look beyond jobless claims on how coronavirus and the… Read more

by Stephanie Horan May 07, 2020

Passed on March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act provided Americans with one-time economic impact payments, commonly referred to as stimulus checks. Under the… Read more

by Stephanie Horan May 04, 2020

On March 20 of this year, the IRS announced that as a result of the global coronavirus pandemic, the 2020 tax deadline would be moved from the typical filing date of April 15 to July 15. Following… Read more

by Stephanie Horan Apr 30, 2020

In the last week of February 2020, stock markets worldwide reported their largest one-week decline since the 2008 financial crisis, with the Dow Jones Industrial Average and S&P 500 falling by 12%… Read more