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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 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 wealth further by investing in the stock market. Many Americans, however, lack financial knowledge and do not follow financial best practices. Less than 50% of American adults have set aside three months’ worth of emergency funds, only 41% have tried to figure out retirement savings needs and just 32% have investments apart from retirement accounts. 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 rose from $6,350 to $12,000 for singles, from $12,700 to $24,000 for married couples filing jointly and from $9,350 to $18,000 for heads of household. Additionally, the bill capped state and local tax deductions at $10,000, lowered the mortgage interest deduction and eliminated deductions for casualty losses and miscellaneous expenses. 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 data from the National Association of Business Economics, 82% of economic forecasters surveyed expect real GDP to return to pre-COVID-19 recession levels sometime in 2021. By contrast, only 59% of respondents anticipate the total number of workers (excluding farm workers) will return to pre-pandemic levels in 2023 or later. As Americans scramble to boost their savings and map out their job prospects during the pandemic, SmartAsset analyzed data from 720 occupations to project the long-term impact of COVID-19 on the job market. 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

by Stephanie Horan Feb 05, 2021

Nationwide, when it comes to wealth and personal finance success, Black Americans generally have less. Census data from 2019 shows that the median Black household income is 33% lower than the overall… Read more

by Stephanie Horan Jan 29, 2021

As 2020 mortgage rates in the U.S. reached historic lows, housing sales increased throughout the year. Freddie Mac data shows that the 30-year fixed mortgage rate, excluding fees and points, fell to… Read more

by Stephanie Horan Jan 07, 2021

Since the onset of COVID-19, remote work has become the norm for many Americans, allowing them to continue to meet some of their expenses while saving where possible. In the late spring of 2020,… Read more

by Stephanie Horan Jan 06, 2021

Women’s earnings in the U.S. make up about 81% of men’s, according to Census Bureau data from the past several years. Though this figure has steadily grown over the course of decades, researchers… Read more

by Stephanie Horan Jan 06, 2021

Jobs requiring a bachelor’s degree or higher level of education for entry are often more insulated from unemployment than others. During the COVID-19 pandemic, total unemployment for individuals 25… Read more

by Stephanie Horan Dec 17, 2020

The holiday season is a time when many professionals send gifts and cards to their clients to thank them for their business and support. Within the financial advisory and planning industry, these… Read more

by Stephanie Horan Dec 10, 2020

The U.S. stock market hit record highs leading up to Thanksgiving in 2020. Two days before the holiday this year, the Dow Jones and S&P 500 indexes broke 30,000 and 3,600 points, respectively. While… Read more

by Stephanie Horan Nov 18, 2020

Perhaps counterintuitively, consumer credit card debt has fallen since the beginning of the COVID-19 crisis. Federal reserve data shows that the total amount of revolving consumer credit, which… Read more

by Stephanie Horan Nov 13, 2020

Affordability issues generally affect renters more than homeowners. More than 40% of renters pay more than a third of their household income on rent compared to just 24% of homeowners on their… Read more

by Stephanie Horan Oct 29, 2020

Older American workers have been disproportionately impacted by not only the health impacts of COVID-19, but also its corresponding economic shock, which has deeply affected their ability to budget… Read more

by Stephanie Horan Oct 13, 2020

Though definitions vary, economists and researchers generally characterize the middle class as households that earn approximately two-thirds to two times the median national income. Slightly more… Read more

by Stephanie Horan Oct 30, 2020

Monthly electric bills vary with the seasons. They are typically lower during milder spring and fall months and higher in the summer and winter, when households are running air conditioners or… Read more

by Stephanie Horan Oct 06, 2020

Since March, mortgage rates have fallen steadily. According to Freddie Mac data, the 30-year fixed-rate average was at 2.90% and the 15-year fixed-rate average stood at 2.40% for the week ending… Read more

by Stephanie Horan Oct 02, 2020

Nationally, unemployment has slowly fallen since its initial record spike in April as a result of the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported last month that the national… Read more

by Stephanie Horan Sep 30, 2020

Financial advisors in the U.S. tend to be on the older side. About 29% of financial advice professionals are between the ages 55 and 64, and another 12% are older than 65, according to market… Read more

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… 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… 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… Read more