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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 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 upending many aspects of Americans’ lives, saving for retirement may have taken a backseat, even for those individuals who were previously saving. Job losses and unforeseen expenses may lead to the reshuffling of financial priorities – with individuals prioritizing short-term needs over long-term financial goals. 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 “negative” gap indicates the opposite. Though the gender unemployment gap was positive for much of the 20th century, the gap closed as employment opportunities for women expanded in the second half, in turn allowing for more opportunities to spend and save. Since the 1980s, the gap has been virtually nonexistent, with the exception of recessions. 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 loans to small businesses, defined as those with fewer than 500 employees, to cover payroll and associated costs. 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

by Stephanie Horan Apr 29, 2020

During the 2008 Great Recession, well-known startups like WhatsApp, Venmo and Slack were founded. In the face of an impending COVID-19 recession, some optimists have looked to these successful… Read more

by Stephanie Horan Apr 24, 2020

Almost one in every 25 households in America consists of three or more generations living under the same roof. Specifically, in 2018, of the roughly 122 million households in the U.S., about 4.61… Read more

by Stephanie Horan Apr 20, 2020

Since mid-March as the coronavirus pandemic has intensified, there have been four straight record weeks for jobless claims filed in the U.S. – a fact that increases economic uncertainty and makes it… Read more

by Stephanie Horan Apr 15, 2020

When it comes to taxes, is it more advantageous to get married or stay single? As far as the IRS is concerned, your income and location can ultimately determine whether a union is for richer or… Read more

by Stephanie Horan Apr 08, 2020

Coronavirus cases in the U.S. have continued to rise in recent weeks, in turn causing federal, state and local governments to urge their constituents to stay home and practice social distancing. Many… Read more

by Stephanie Horan Mar 31, 2020

Last Thursday, the Department of Labor reported that 3.28 million people filed for unemployment insurance for the week ending March 21, 2020. This was the highest historical number of new claims in a… Read more

by Stephanie Horan Mar 27, 2020

In a survey of economists conducted by the University of Chicago’s Booth School of Business at the beginning of March 2020, more than half of participants expected COVID-19 to cause a major recession… Read more

by Stephanie Horan Mar 26, 2020

About 7.31 million Americans were employed in science, technology, engineering and math (STEM) occupations in 2018, an increase of 7.48% from 2014, when there were 6.80 million STEM workers. Those… Read more

by Stephanie Horan Mar 24, 2020

Despite the aging of the American workforce, with adults 65 and older twice as likely to be working now compared to 1985, Census data shows that one in four workers in 2018 was still younger than the… Read more

by Stephanie Horan Mar 10, 2020

With online and mobile banking increasing in popularity, physical banks have struggled to keep their doors open. Over the past five years, the number of branch locations in America declined by 7%.… Read more

by Stephanie Horan Mar 10, 2020

In 2018, roughly 930,000 people ages 60 and older moved across state lines, an increase of about 16% from five years earlier. Whatever reasons factor into their decisions, whether financial or… Read more

by Stephanie Horan Mar 03, 2020

According to 2018 Census data, women make about 80% of what men make nationwide. The average full-time female worker earned $42,295, while the average full-time male worker earned $52,144. Though… Read more

by Stephanie Horan Feb 12, 2020

Since household formation often alters spending patterns, one of the best ways to isolate differences in spending between the sexes is by comparing singles. As millennials, born between 1981 and 1996… Read more