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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 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, are less likely to have formed families relative to older generations, they provide an interesting lens to understand how men and women spend and save money. Do single millennial men and women spend and save differently? SmartAsset gathered data from the Bureau of Labor Statistics’ (BLS) Consumer Expenditure Survey to take a closer look. Read more

by Stephanie Horan Feb 06, 2020

The employment of computer and information technology workers is projected to grow by 12% from 2018 to 2028, adding almost 550,000 new jobs, according to estimates from the Bureau of Labor Statistics (BLS). Many of these jobs are expected to be well-paying. In May 2018, the median annual salary for computer and information technology occupations was close to $90,000. However, employment opportunities and pay in tech jobs still tend to favor men. Women make up about 26% of the tech workforce nationally and, on average, are paid only 83% of what men are paid in the industry. This affects all of their money matters, such as their ability to save a sufficient amount while also covering their various expenses. Read more

by Stephanie Horan Jan 30, 2020

About three in four Americans receive a tax refund each year, and the average amount returned with those refunds is around $3,000, according to IRS data. This means that for many Americans, their tax refund is the largest single check they will receive all year, substantially affecting the trajectory of how they use or save their money before the next tax day. Though often anxiously awaited, tax refunds come with a major cost. Read more

by Stephanie Horan Jan 27, 2020

About 1.25 million mortgages were approved for homebuyers without cosigners in 2018. Of those, roughly 500,000 were approved for women, and close to 750,000 were approved for men. Though nationally… Read more

by Stephanie Horan Jan 19, 2021

Since the 1990s, the divorce rate for adults 50 and older in the United States has roughly doubled, according to findings from the Pew Research Center. In fact, for adults 65 and older, the divorce… Read more

by Stephanie Horan Mar 25, 2020

U.S. home prices peaked in the years leading up to the Great Recession and fell dramatically when the housing bubble burst. In fact, national data from the House Price Index (HPI) shows that home… Read more

by Stephanie Horan Jan 16, 2020

As people age, their spending and saving patterns change. Major life events like buying a home, getting married or having kids may impact not only the rate at which people save, but also how they… Read more

by Stephanie Horan Jan 23, 2020

Census Bureau data from 2018 shows that millennials have a homeownership rate of 33.7%, well below the national average of almost 64%. Though the national rate of millennial homeownership is low,… Read more

by Stephanie Horan Jan 07, 2020

The average U.S. worker travels about 27.1 minutes to work and spends $2,600 annually on commuting costs, according to 2018 Census Bureau estimates and the Citi ThankYou Premier Commuter Index.… Read more

by Stephanie Horan Dec 20, 2019

Whether you’re a birth parent or an adoptive one, having children is costly. Given the variety of expenses prospective adoptive parents face, they must consider whether they have the savings to… Read more

by Stephanie Horan Dec 16, 2019

Finding steady income in a reliable sector is an important consideration for where Americans decide to put down roots and take out a mortgage. The manufacturing industry, one such robust sector,… Read more

by Stephanie Horan Dec 11, 2019

The stress of credit card debt is often felt the most at the end of the year, since Americans tend to put more on the plastic during the holiday shopping season. In fact, data from Experian shows… Read more

by Stephanie Horan Dec 11, 2019

As cost of living and taxes vary throughout the U.S., location is one of the biggest factors impacting how much money you need in retirement savings. That’s why many Americans wonder whether they… Read more

by Stephanie Horan Dec 04, 2019

When choosing where in the U.S. to settle down and take out a mortgage, people consider a variety of factors like housing costs, cost of living, safety and dining and entertainment options. It is… Read more

by Stephanie Horan Oct 16, 2020

December 4, 2019 – As the 2020 presidential race heats up, it’s important to remember there are significant political contests within the legislative branch, along with state and local elections,… Read more

by Stephanie Horan Nov 21, 2019

Like home prices, rent varies month to month in many cities. Rent is often higher in summer months than in winter ones, as more than 40% of all moves take place during the four months from May… Read more

by Stephanie Horan Nov 19, 2019

In 2018, the median household income in the U.S. was $61,937 while the median home value was $229,700. But because median household incomes and home values differ greatly by place, home affordability… Read more

by Stephanie Horan Nov 18, 2019

The middle class is feeling the squeeze, as financial gains for this cohort have not kept pace with those of upper-income households. The median income of upper-income households in 1970 was 2.2… Read more

by Stephanie Horan Nov 12, 2019

Rent affordability is largely dependent on income. Guidelines from the Department of Housing and Urban Development (HUD) recommend that households not spend more than 30% of their monthly gross… Read more

by Stephanie Horan Nov 14, 2019

According to a recent report from the National Council of Nonprofits, U.S. nonprofits employ more than 10% of the total private workforce in the U.S., a higher percentage than in many other… Read more

by Stephanie Horan Nov 07, 2019

Because the cost of living tends to correlate with population size, mid-sized cities are often more affordable alternatives to large cities and potentially offer better opportunities to save and… Read more

by Stephanie Horan Oct 31, 2019

The number of women-owned businesses in the U.S. has increased in recent years, which could be encouraging news for other women who are still building up the resources to start new ventures.… Read more

by Stephanie Horan Oct 23, 2019

Every two years, the Bureau of Labor Statistics (BLS) releases employment projections for more than 800 detailed occupations, with its most recent projections spanning from 2018 to 2028. Solar… Read more

by Stephanie Horan Nov 04, 2019

Following mortgage debt, student loan debt is the second-largest form of U.S. consumer debt, growing substantially over recent years and negatively affecting Americans’ ability to save enough.… Read more

by Stephanie Horan Jan 07, 2020

Lack of investment in infrastructure within a state can have tangible effects on its residents’ finances. The American Society of Civil Engineers’ 2016 report “Failure to Act” quantifies these… Read more