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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 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, about half of American workers were working from home, according to two surveys conducted by the National Bureau of Economic Research. Many researchers believe that increased work flexibility and work-from-home opportunities may continue even after the pandemic is over. With that in mind, SmartAsset looked at the best cities to work from home in 2021. 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 predict the economic effects of the COVID-19 pandemic could set back pay for women. Bureau of Labor Statistics data unequivocally shows that the COVID-19 crisis has had a disproportionate impact on women’s participation in the labor force and unemployment, and many analysts theorize this will carry over to women’s earnings. 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 years and older spiked to 13.1% in April 2020. However, the highest unemployment rate over the past year for bachelor’s degree holders 25 and older was 8.4% in April 2020. As of November 2020, the national unemployment rate was 6.7% – 2.5 percentage points higher than the unemployment rate for bachelor’s degree holders. 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

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