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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 Jul 22, 2021

In April 2020, the U.S. unemployment rate increased by 10.3 percentage points to 14.7%, the highest rate and largest month-to-month increase in the history of this data since the Bureau of Labor Statistics first recorded it in January 1948. A year later, in April 2021, 3.8 million workers quit their jobs, a record-high for a single month. Data shows a resurgence in the number of workers who are resigning for better jobs or exploring other opportunities – which could be the result of seeking better pay and benefits, improved working conditions, the ability to continue working from home and personal fulfillment. During the first five months of 2021, a total of almost 17 million private sector workers (or an average of 3.4 million workers per month) decided to quit. By comparison, an average of roughly 2.5 million workers quit per month between January 2001 and December 2020. Read more

by Stephanie Horan Jul 16, 2021

The median household income is about $65,700, according to the most recent Census Bureau data. However, the top 20% of earners nationwide makes about twice this amount, potentially increasing their ability to save and invest for bigger financial goals like retirement. In 2019, the threshold to be in the 80th percentile of households according to annual income was $131,349. Read more

by Stephanie Horan Jul 15, 2021

On June 24, 2021, President Joe Biden reached an agreement with a group of bipartisan Senators for an infrastructure plan that will invest over $1.2 trillion in eight years on roads, water, electricity, broadband internet and other projects. Aimed at revitalizing the American economy, the bill, if passed, would be the largest long-term investment in infrastructure in nearly a century. Keeping this in mind, SmartAsset identified and ranked the states with the best infrastructure in 2021. Read more

by Stephanie Horan Jul 13, 2021

Over the past several years new tech hubs have emerged across the U.S., with hotspots such as San Francisco and New York City losing some ground. The COVID-19 pandemic may have accelerated this trend… Read more

by Stephanie Horan Jul 07, 2021

Though they comprise a relatively small fraction of total homes, the number of million-dollar homes in the U.S. is growing. In 2016, about 2.3 million homes were worth $1 million or more. Meanwhile,… Read more

by Stephanie Horan Jun 30, 2021

The past year has been a difficult time for many working parents who have had to balance remote work, potential job losses, school closings and limited access to childcare. A February 2021 survey by… Read more

by Stephanie Horan Jun 24, 2021

With higher housing costs and smaller living spaces, many large cities are less conducive to families. According to Census Bureau data, average monthly housing costs for homeowners across the 100… Read more

by Stephanie Horan Jun 17, 2021

The average 401(k) balance in the U.S. hit $123,900 in the first quarter of 2021, according to a recent report by Fidelity Investments. This marks more than a 70% increase from the average 401(k)… Read more

by Stephanie Horan Jun 16, 2021

Less than three in 10 six-figure earners in the U.S. are women, according to the most recent Census Bureau data. Though far from equitable, the percentage of women who are breaking the six-figure… Read more

by Stephanie Horan Jun 10, 2021

Estimates on the return on investment from having a financial advisor vary. In a 2019 whitepaper, Vanguard assessed an “Advisor’s Alpha,” or the value that a financial advisor adds to a client’s… Read more

by Stephanie Horan Jun 02, 2021

Historically, first-time homebuyers have made up about 40% of all homebuyers in the U.S. However, over the past decade, the share of first-time homebuyers has fallen below that norm, hovering around… Read more

by Stephanie Horan May 24, 2021

Over the past decade, the cost of a college education in the U.S. has increased significantly. Accounting for inflation, data from the Integrated Postsecondary Education Data System (IPEDS) shows… Read more

by Stephanie Horan May 19, 2021

Buying a home has become increasingly difficult during COVID-19. Though low mortgage rates mean that many purchasers will spend less in interest over the course of their mortgage, home prices have… Read more

by Stephanie Horan May 18, 2021

Remote work has increased dramatically during the COVID-19 pandemic, offering many young professionals greater flexibility to live farther away from their jobs. But it is unclear whether this… Read more

by Stephanie Horan May 06, 2021

Asian American households saw the greatest increase in income over the past decade out of any other racial group in the U.S. From 2010 to 2019, the median household income across all households grew… Read more

by Stephanie Horan Apr 28, 2021

Financial advisors offer varying fee structures with different types of compensation. In general, there are three primary ways advisors make money. They include client fees (usually charged either on… Read more

by Stephanie Horan Apr 22, 2021

Average monthly housing costs across the 50 largest U.S. cities are $1,268, or about 14% higher than median monthly housing costs nationally ($1,112). Additionally, residents spend an average of 23… Read more

by Stephanie Horan Apr 21, 2021

IRS data shows that roughly 6% of American taxpayers earn $200,000 or more annually. While that figure includes income from investments, most reported income comes from salaries and wages. Across all… Read more

by Stephanie Horan Apr 15, 2021

Individuals with higher levels of financial literacy tend to adhere to better financial practices – such as having an emergency fund and planning for retirement – and are also more likely to build… Read more

by Stephanie Horan Mar 31, 2021

The Trump tax bill – formally known as the Tax Cuts and Jobs Act (TCJA) – nearly doubled the standard deduction while also limiting some itemized deductions. From 2017 to 2018, the standard deduction… Read more

by Stephanie Horan Mar 25, 2021

While many economists believe that the U.S. economy will return to pre-pandemic levels by late 2021, they are less confident that the job market will bounce back as quickly. According to February… Read more

by Stephanie Horan Mar 25, 2021

Effective communication is the key to a strong investor-advisor relationship. Typically, advisors rely on in-person meetings and other face-to-face activities to connect directly with clients. But as… Read more

by Stephanie Horan Mar 16, 2021

The COVID-19 pandemic has caused unprecedented job losses across many industries and occupations. However, STEM jobs have been less affected generally. The 2020 unemployment rates for all three STEM… Read more

by Stephanie Horan Mar 11, 2021

The number of registered investment advisors (RIAs) in the U.S. is growing, as are the number of clients they serve and assets they manage. According to an annual report published jointly by the… Read more

by Stephanie Horan Feb 17, 2021

Retirees are on the move, despite the COVID-19 pandemic. Though just 17% of the U.S. population is 65 and older, relocation company United Van Lines reports that seniors in that age group completed… Read more