Can Kentucky go 40-0? Will a 16 seed finally take down one of the top dogs? Could the likes of North Florida or UC Irvine finally find their glass slipper? There are plenty of intriguing questions that remained to be answered as the 2014-15 NCAA Tournament approaches. And as March Madness grips fans across the country – burning billions of dollars in corporate productivity and inciting an estimated $12 billion in betting globally – plenty of eyeballs will be tuned into the action, perhaps explaining why plenty of sponsors have their wallets open as well.
Indeed, the corporate spectacle of March Madness would seem to belie the amateurism inherent to the event and underscore the disparity between the average student athlete’s annual compensation ($120K in tuition, room and board), and that of big-time college coaches ($5M+) and NBA rookies ($1.9M). The NCAA itself has also raked in billions of dollars in television rights fees, ticket proceeds and merchandise sales, and CBS racks up more than a billion dollars in ad revenue each year. Perhaps that is why calls to pay college athletes are growing louder. At least it’s something to consider as you watch the action this year.
Shares in Diageo (DEO) – the London-based owner of Guinness – may be down in recent months, but plenty of us will be raising pints and garbed in green come March 17th. Despite its religious undertones, St. Patrick’s Day ranks among the calendar’s biggest drinking days, when the more than 33 million Irish-Americans and their compatriots around the world combine cocktails and cabbage all in the name of the Emerald Isle.
Unfortunately, these good times are too often ruined by drunk driving incidents – which can have a devastating impact on both your life in general and your wallet in particular. So, in addition to checking out the interesting St. Paddy’s Day stats presented below, make sure to stay safe when celebrating this year. Remember, the cost of a quick Uber ride pales in comparison to that of a DUI or a vehicular manslaughter charge.
It’s time to find the Best Tax Blogs the Internet has to offer! WalletHub’s Editors have identified 50 finalists, from industry titans like TurboTax to one-man dynamos like the Tax Girl. Now it’s your job to vote. Tell your friends, alert the neighbors and show us why your favorite website deserves the title of 2015’s Best Tax Blog.
Valentine’s Day is the third largest consumer holiday in the United States by amount spent, with the roughly $19 billion we shell out in Cupid’s name each year coming in just behind the $20 billion spent on Mother’s Day and the $602 billion we devote to the winter holidays. So, whether you love or hate this holiday (or if you even think it’s a holiday to begin with), there is no denying the role of St. Valentine on our nation’s economy.
With that in mind and to help people embrace that loving feeling in a manner that’s safe for their wallets, the personal finance website WalletHub prepared the following Valentine’s Day By The Numbers infographic, which showcases participation rates, spending trends and other fascinating tidbits about this romantic day.
Can a Major League Baseball team own the alphabet? MLB seems to think so, as it has been on a two year mission to block WalletHub’s application for this trademark:. Why would a professional sports league care about the logo of a financial services company, you might ask?
Good question. The league alleges that WalletHub’s logo could easily be confused with the registered trademarks of the Washington Nationals and the Chicago Cubs. But aside from the fact that none of their marks look anything like the WalletHub logo(and very few people would associate the Cubs with W’s these days), they’re also registered for clothing and flags while WalletHub’s logo is for financial services – namely, comparing and learning about products such as credit cards, mortgages, savings accounts, car loans, insurance policies, etc.
The Super Bowl is a game of numbers, from the Roman Numerals that denote each contest to the millions of people and billions of dollars that are engrossed in it each year.
Given the societal importance of the Big Game, the emphasis it places on social media, and the fact that it's a global symbol of capitalistic extravagance, it only makes sense for WalletHub – the first social network built from the ground up around personal finance – to audit the figures that make the game tick.
People with disabilities and their families will soon have another tool for saving. In December Congress passed and the president signed into law the Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014.
Even if you are covered by health insurance, a single traumatic event or diagnosis can quickly lead to a mountain of bills adding up to hundreds of thousands of dollars.
The first of the year always brings with it the promise of new beginnings and the burden of self-improvement. Fueled by the nostalgia of the holidays, armed with a year’s worth of regrets, and unleashed by the ceremonialism and ritual of the calendar’s turn, some 45% of Americans decide to make New Year’s resolutions each January, according to research from the University of Scranton. They are, it seems, taken by the spirit that led Benjamin Franklin to write that one should, “Be always at war with your vices, at peace with your neighbors, and let each New Year find you a better man.”
The last time anyone in the U.S. paid less than $2.10 for a gallon of regular gasoline was in May 2009 — until now. Global demand for oil has softened in recent months as production has grown, creating a surplus that has driven down prices across the board. As a result, consumers in many parts of the U.S. — such as the Midwest and Gulf Coast — are even paying less than $2.05, according to GasBuddy.
How will 2015 treat our wallets? That is the question everyone is asking as 2014 nears its close and we prepare to ring in the holidays with loved ones and then enter the season of resolutions and new beginnings. Underpinning this inquiry is a feeling of cautious optimism, as the U.S. economy appears to be hitting its stride – producing strong GDP growth and impressive hiring numbers – despite turmoil in the global oil markets, concern over stock market valuations, and worries about global conflict and recession.
Update: With the year coming to a close, we decided to revisit WalletHub’s 2014 Economic Predictions to see how we ended up doing. We graded each of the predictions and provided explanations for our marks. If you think we were either too lenient or too harsh, make sure to let us know in the comments section below. And if you’re interested in getting a jump start on all the big WalletNews of next year, check out WalletHub’s 2015 Economic Predictions.
High-stakes hacking has been a major theme for American businesses in 2014. The recent wave of data breaches at popular retailers have made consumers more aware — and warier — of the very real threat that their sensitive financial information could slip easily into criminal hands.
October 31 – Halloween – conjures up visions of ghosts, ghouls and other fictional monsters; however, a non-fictional monster, the zombie-debt collector, exists all year around. The typical zombie-debt collector is a purchaser of debt who preys on unsuspecting consumers. Consumers need to be prepared to defeat the claims of these monsters.
Zombie debts arise from unenforceable or dead debts. The debts may be unenforceable against consumers because the debts never existed, as in cases of mistaken identity or identity theft. Similarly, the debts may be unenforceable by operation of law, as in cases where the debts have already been paid or discharged in bankruptcy. Additionally, in many cases, zombie-debt collectors may seek to collect old or stale debts that are time-barred because the limitations period for collections has passed.
It’s time to grab your peanuts and Cracker Jack because baseball’s big day has arrived. The 110th World Series is upon us, as the Giants and Royals square off. While this year’s Series lacks one of the various geographical rivalries that were possible at the onset of the playoffs, it does feature two hot, battle tested teams that have slogged their way through long odds to arrive at the precipice of a championship. That should make for a compelling match-up.
And although we’ll have to wait to see who comes out on top (our experts have some guesses in the meantime), we can certainly get acquainted with the teams and everything else that makes the World Series tick. You see, given that baseball is a game that lends itself to and is in love with statistics, WalletHub decided to take a closer look at some of the most important facts and figures related to this year’s World Series. You can check them out in our infographic below, along with an Ask The Experts section where we discuss both the outcome of this Series and the future of baseball with some of the country’s leading sports management experts.
It’s that time of year again when the Big Apple plays host to the violent grunts of the world’s best tennis players and boisterous cheers from less-than-muted spectators. And it seems only yesterday that Rafael Nadal and Serena Williams owned their opponents on the court, both snagging their second and fifth championship titles, respectively, at the 2013 U.S. Open.
But aside from trophies, the two winners also bagged a record $3.6 million each, including the main draw prize of $2.6 million for singles and all their other cash winnings up to that point. This year, the total award money has reached a new high: $38.3 million — an increase of 11.7 percent from 2013 — just behind Wimbledon at $42.3 million.
The images are disturbing: Thousands of apprehended child migrants cramped inside detention holding cells and sprawled across floors at bedtime. No parents and no certainty of their fate. President Obama has labeled the issue an “urgent humanitarian situation.” Others have described it as the ongoing “immigration crisis.”
Since this past October, roughly 63,000 unaccompanied alien children, or UAC, have illegally crossed the border shared by the United States and Mexico. Between January and the end of July, nearly 40,000 UACs — the majority of whom fled from El Salvador, Guatemala and Honduras to escape widespread gang violence — have been placed in foster care or reunited with relatives in the U.S. Meanwhile, the fate of thousands remains in limbo as the children await delayed Congressional action on emergency funding.
Are you ready for some football? We obviously know it as soccer, but no matter what you call it, the beautiful game is set to captivate the globe as the 2014 FIFA World Cup kicks off from Brazil June 12. After all, there is no shortage of story lines associated with the Brazil edition of this quadrennial celebration of sport. From the home country’s last-minute scramble to ready itself for the world stage and the accompanying protests regarding the government’s massive infrastructure investment to questions of tourist safety and doubts about the stability of the 2016 Summer Games in Rio, the drama is at a fever pitch before the games have even begun.
Then there’s what the World Cup means for the business of soccer in the United States. Interest in soccer among American consumers has been steadily rising with the aid of a number of important tailwinds – including the popularity of youth soccer, MLS stability, America’s growing immigrant population, and the rise of new 24/7 sports networks. So, as the red, white and blue prepares to make its seventh consecutive World Cup appearance in a country with only an hour’s time difference from the East Coast, sponsors are gearing up for record U.S. viewership.
The energy crisis continues to dominate the headlines in 2014, but this time with positive news: America’s energy outlook is improving — or it seems to be. The U.S. Department of Energy did a little number crunching earlier this year, and the results have prompted some observers to speculate that a domestic energy revolution is underway.
The Energy Department’s report revealed that U.S. energy production, particularly crude oil and natural gas supply, is again reaching historic levels in part because of recent technological breakthroughs. Among other improvements, the report also projected that U.S. reliance on foreign oil will diminish by 2016.
With midterm elections just around the corner and the economic recovery finally gaining steam, the big question confronting America is whether Washington will still be gridlocked in 2015.
In the past few years, we’ve witnessed incessant quarreling in Congress that’s hampered worthwhile legislative action. 2013 was an especially rough year. Remember the government shutdown in October? The fiscal cliff scare that lifted us all from our seats the very first day of the year? Let’s not forget the historic altering of filibuster rules. So many memorable moments. So many lurching halts to the economic recovery.