Back-to-school season can be a bummer – not just for students, but for parents and their wallets, too. From binders and bookbags to tablets, computers and the latest clothes, there’s a lot to buy.
To gauge people’s feelings about back-to-school shopping, and thus learn more about the state of family finances during the pandemic, WalletHub conducted a nationally representative online survey of parents with kids in school. You can find the complete results in the infographic below.
Our customers are our main priority at WalletHub and we feel it is important to explain in detail why you will see a “Do Not Sell” link on WalletHub’s webpages and mobile app, what selling personal information really means under the California Consumer Privacy Act (CCPA), and why information that directly identifies you will never be sold. Furthermore, you will learn what happens if you instruct WalletHub not to sell your information.
No one likes Tax Day, no matter what month it falls in, except for accountants and Uncle Sam. Tax Day 2020 figures to be especially messy, too, as governments across the country struggle to cover shortfalls stemming from the coronavirus pandemic, millions of people look for income to actually pay taxes on, and protesters urge us to rethink how our tax dollars are being used. But there will indeed be a Tax Day this year, proving that taxes truly are among the few things in life that are unavoidable.
Although we experience Tax Day firsthand each year, there’s still plenty for most taxpayers to learn, especially with this year’s change of schedule from April to July 15. So WalletHub explored this unique occasion from top to bottom in search of the most interesting, revealing Tax Day fun facts out there. You can check out what we found in the infographic below, followed by a Q&A with a panel of tax experts. And if you’ve yet to file, make sure to check out WalletHub’s last-minute tax tips.
Taxes, and our obligations with respect to them, are almost like living, breathing entities. The dynamics are in constant flux, which means we can never stop learning about the process. With that in mind, we posed the following questions to a panel of tax experts in search of a greater understanding of how to successfully navigate this treacherous time of year. You can check out their bios and responses below.
How is Tax Day 2020 different from past years?
Has the amount of time and money spent on preparing tax returns changed in recent years? What are some tips for reducing time and money spent?
Due to COVID-19, the IRS has postponed Tax Day to July 15 from April 15. What are some measures that can be taken to ease the burden on taxpayers with difficulties in meeting tax reporting or payment obligations?
The 4th of July is one of America’s most treasured holidays, and Americans typically celebrate the anniversary of their independence with massive parades, flashy fireworks displays, family gatherings, beach trips and more. The expenses for this holiday can really add up, as last year Americans spent around $6.7 billion on food, travel, patriotic decorations and more. This year, though, the story is different. For months, the COVID-19 pandemic has limited public gatherings and kept many businesses closed, and things will likely not be back to normal in most states by the time July 4th rolls around. In fact, a whopping 78 percent of Americans will spend less money on the holiday this year than last year, according to a recent nationally representative WalletHub survey.
WalletHub’s survey examined both Americans’ plans for Independence Day and their opinions on freedom, patriotism and safety in light of current events. Below are highlights from the survey, along with commentary from a panel of experts and a description of our methodology.
Prior to the COVID-19 pandemic, only about 25 percent of the workforce worked from home at least some of the time, and just 14.5 percent worked exclusively from home all week. However, the social distancing restrictions put in place due to the coronavirus crisis forced businesses across the U.S. to operate from home while their buildings remained closed. Now, as the pandemic starts to gradually decline, Americans must consider what lasting impacts it may have on the workplace. Almost 60 percent of Americans think COVID-19 has actually changed the way we work for the better, according to a recent nationally representative WalletHub survey.
WalletHub’s survey examined Americans’ thoughts about working from home during the coronavirus pandemic and a potential return to an office, including how being at home has affected productivity and what people miss most about the office. Below are highlights from the survey, along with commentary from a panel of experts and a description of our methodology.
Harsh penalties for not returning to the workplace. A third of Americans believe that businesses should fire employees who refuse to go back to work.
Parents’ work efficiency may suffer at home. Around 50 percent of parents with young children at home don’t think they are more productive working from home.
Working from home seen as the future. Almost a third of Americans think that physical offices are a thing of the past.
Positive changes to the work environment. Almost 60 percent of Americans think COVID-19 has changed the way we work for the better.
Americans have differing views on working from home and how prominent that will be in the future. To provide more insight, WalletHub turned to a panel of experts. Click on the pictures of the experts below to see their bios and responses to the following key questions:
Are the nearly 1 in 3 Americans who think physical offices are a thing of the past correct?
Can businesses fire employees who refuse to go back to work during/after the pandemic? Should they be able to?
Almost 60% of Americans think that COVID-19 has changed the way we work for the better; are they right, and can we expect that sentiment to last?
Do you have any advice for the 50% of parents who say they are less productive working from home?
All states have now reopened at least partially as the spread of coronavirus cases in the U.S. has gradually decreased, but the economic and social effects of the pandemic will be long-lasting. Consumers’ perceptions of their safety – or lack thereof – will be a big factor in how quickly the economy recovers, and many people will alter their daily habits for years to come. As people consider the devastating unemployment caused by COVID-19, they also look for ways to protect themselves in the future. About 73.5 million Americans now plan to look for a job that is more pandemic-proof, according to a recent nationally representative WalletHub survey.
This survey examined what Americans think about the future of the economy during and after the COVID-19 pandemic, including how comfortable people are with traveling and shopping in person, as well as how soon they think the U.S. will recover financially. Below are additional highlights, along with commentary from a panel of experts and a description of our methodology.
Travel and dining will continue to take a hit until there’s a vaccine. Nearly 4 in 10 Americans won't feel comfortable getting on an airplane until there is a vaccine (plus, 27 percent won’t feel comfortable staying in a hotel and 21 percent won’t feel comfortable dining out).
Most Americans want a non-tax solution for recovery. Around 28 percent of Americans think that tax rates should increase to fund coronavirus recovery efforts.
People view a full recovery in employment as far off. Almost 80 percent of Americans don't think the unemployment rate will drop to pre-COVID-19 levels until at least the end of 2021, if at all.
Many people want to find more stable jobs. 73.5 million Americans plan on looking for a job that is more pandemic-proof.
Americans’ attitudes differ about reopening and the future of the economy during and after the COVID-19 pandemic. To provide more insight, WalletHub turned to a panel of experts. Click on the pictures of the experts below to see their bios and responses to the following key questions:
WalletHub's survey found that almost 35 million Americans plan to move as a result of the coronavirus pandemic - what do you think their main motivations are? And, health concerns aside, is it a good time to move?
What advice do you have for the 73.5 million Americans who plan to look for a job that is more pandemic-proof?
What is the best way for the U.S. to reduce its reliance on products from China without hurting Americans consumers too badly?
When do you anticipate the unemployment rate returning to normal levels?
Attending college can be exciting but also scary, especially when you consider that most students aren't taught much about personal finance. Students’ fears are only intensified this year by the fact that the coronavirus pandemic may impact their ability to attend college – both in terms of social distancing and being able to afford tuition.
In order to learn more about college students’ preparedness and how the coronavirus pandemic has affected their school plans, WalletHub conducted a nationally representative survey. We asked about everything from whether students have missed any bill payments since the pandemic began to whether they would rather risk COVID-19 on campus or stay home. You can find the complete results in the infographic below.
30% of students have missed a bill payment since the pandemic began.
COVID-19 has changed almost 56% of students' plans for summer jobs.
35% of students would rather risk COVID-19 on campus than self-isolate at their parents’ house.
Having emergency savings (52%) is the most important financial lesson students have learned from the pandemic, followed by having a steady job (20%) and not going into debt (14%).
The coronavirus pandemic may be disastrous for Americans’ credit for years to come. The unprecedented level of unemployment has left many people struggling to pay essential bills and charging more to their credit cards, which is concerning because total U.S. credit card debt already stood at over $1 trillion at the beginning of the year. As people’s credit utilization rises and they miss payments, it’s unsurprising that 87 million Americans are worried about their credit scores due to the coronavirus, according to a recent nationally representative WalletHub survey.
Many Americans fear credit score damage: 87 million Americans are worried about their credit scores due to the coronavirus. Some of the most worried groups include middle-income people, the 30-44 age bracket and people with fair credit.
Americans want missed payment forgiveness: 86% of Americans agree that credit scores should ignore any missed payments during the coronavirus pandemic.
Housing payments take precedence: 58 million Americans are most worried about paying their mortgage or rent during the coronavirus pandemic, followed by 46 million most worried about paying their credit card bill.
Women anticipate more debt: Women are 21% more likely than men to expect to get into more debt during the coronavirus pandemic.
Financial priorities vary by age: Millennials' top financial priority right now is paying bills, while Gen Xers' is preserving cash.
How to Protect Your Credit Score During the Coronavirus Pandemic
Ask Your Creditors What They Can Do To Help. Credit card companies and other lenders are helping customers affected by COVID-19 on a case-by-case basis. You could be eligible for a reduced interest rate, deferred payments and other adjustments that could keep your account in good standing, preventing missed payments from showing up on your credit report and hurting your credit score. When granted a deferred payment, confirm with your lender that you will not be reported as “past due” to the credit bureaus.
To see what kinds of coronavirus relief your credit card company might be offering, check out our report on the largest issuers’ policies.
Get in Touch with Service Providers. If you are unable to pay bills for utilities or services such as cable and internet, start a dialogue with those companies to prevent them from sending your account to collections, which would hurt your credit score. Most billers are willing to work with customers affected by the coronavirus.
Pay at Least the Minimum Required to Get Credit. If you do not make at least the minimum payment required by your credit card company by the due date, you will not get credit for paying on time. In other words, paying less than the minimum will not keep your account in good standing.On the other hand, you do not have to pay a credit card’s full statement balance to prevent credit score damage – just the minimum. Paying less than the full balance owed will lead to interest charges (normally, at least), which isn’t ideal. But interest doesn’t have to follow you around for years, like a couple of missed payments would. So, make the payments needed to keep your credit report clean, and don’t stress too much about a bit of interest during these uncertain times.
Check Your Credit Score and Credit Report Regularly. The more you check your credit report and score, the more familiar with it you will become, and the quicker you will spot any errors or signs of fraud that could jeopardize your credit score. You can check your latest credit score and credit report for free on WalletHub.
Sign Up for Free Credit Monitoring. No one can watch their credit report 24/7 without some help, and there are plenty of reputable free credit monitoring services to choose from, including WalletHub.
Be Careful About Adding New Debt. Borrowing to keep other bills at bay might be the best option for some people. But at a time when debt levels are already so high and many people’s income has disappeared, adding debt also means adding risk for the future. What you do not want to do is turn modest payment problems that could be solved other ways into a debt hole that you cannot climb out of. That is why you should make a plan for how you will use and then repay the money before even applying for a new loan or line of credit.
Make Sure You Exhaust All Government Assistance. Don’t assume you are ineligible for financial support from the government or simply wait around for a check to arrive in the mail. Millions of people who’ve had no prior experience with government assistance are now suddenly eligible for several different types of stimulus funding and other forms of relief such as eviction protection. So, do your research into what federal, state and local programs might enable you to make ends meet, pay unavoidable bills on time, and avoid damaging your credit score. Being able to use stimulus money for everyday necessities will also help your savings stretch as far as possible during these uncertain times.
As Americans stress about making their payments and avoiding credit score damage, they look for professional guidance on how to handle their finances. To provide more insight to worried Americans, WalletHub turned to a panel of experts. Click on the experts below to see their bios and responses to the following key questions:
Roughly 87 million Americans (35% of adults) are worried about their credit scores due to the coronavirus, according to WalletHub's nationally representative survey - is that an indication that a major economic activity such as home/car buying will take longer than expected to bounce back?
Should credit scores ignore any payments missed during the coronavirus pandemic?
WalletHub’s survey found that women are 21% more likely than men to expect to get into more debt during the coronavirus pandemic - why do you think that is?
This report reflects the results of a nationally representative online survey of over 300 respondents.
After we collected all responses, we normalized the data by age, gender and income so the sample would reflect U.S. demographics.
Full Details Overall
Are you worried about your credit score during coronavirus?
What bill do you think you’ll have difficulty paying during coronavirus?
Mortgage / Rent
How long do you expect your finances to be hurt during coronavirus?
Not at all
Should credit scores ignore any missed payments during the coronavirus pandemic?
How do you expect your credit score to change in the next 3 months?
Stay the same
If your credit score falls during the coronavirus pandemic, who will you blame?
Which is your top priority financially right now?
Pay bills on time
Find a job
Prevent credit score damage
Are you checking your credit score more often during the pandemic?
Do you expect to get into more debt during the pandemic?
Note: Percentages may not total 100% due to rounding.
WalletHub surveyed 33 of the largest financial institutions to find out what they are doing for customers affected by COVID-19. We collected coronavirus assistance policies for a wide range of financial products, from credit cards and loans to deposit accounts and annuities.
Although very few definitive policies that apply to all customers are available, there seems to be one overriding theme: You have to ask for help because financial institutions will not seek you out or give blanket relief to all customers. Below, you can find the information that we could gather about the types of assistance offered by major banks and credit unions. Information is accurate as of May 5. Please note, financial institutions are changing their policies as the situation evolves, and we will continue to update this page as new information becomes available.
The coronavirus pandemic is changing the way the world shops, perhaps forever in some respects, so WalletHub conducted a nationally representative survey to see how Americans’ shopping habits have evolved during this time of crisis. One of the most surprising results of the survey was that 58 million Americans are actually spending more money while social distancing, despite being able to go out less, in large part because many people are participating in “comfort buying” – or shopping as a way to relieve stress and boredom.
Below are more highlights from the survey, which included questions ranging from what types of non-essential items people are purchasing most to whether they have concerns about the safety of packages or food delivery. You can also check out a Q&A with a panel of experts, followed by a complete description of our methodology.
Some Americans are shopping more during the pandemic: 58 million Americans are spending more money while social distancing.
Many people use shopping to ease stress: 43 percent of Americans have participated in "comfort buying" due to social isolation.
Deliveries cause anxiety: 57 percent of Americans are concerned about package safety while comfort buying.
People use entertainment and drinking to take the edge off: Americans are spending the most "non-essential" money on entertainment (29 percent) and alcohol (23 percent) right now.
Americans’ shopping behavior has shifted because of the COVID-19 pandemic. For more insight into the effects of coronavirus on spending, WalletHub turned to a panel of experts. Click on the experts below to see their bios and responses to the following key questions:
What advice do you have for the roughly 58 million Americans who say they are spending more money while social distancing?
What should people watch out for when it comes to "comfort buying" while socially isolated?
Should people be concerned about the safety of packages delivered during the pandemic?
Does it surprise you that the non-essentials people are spending the most money on right now are entertainment (29%) and alcohol (23%)?
Coronavirus has completely changed the nature of everyday life in the U.S., with social distancing forcing people to stay in except for essential work and necessary purchases like groceries and pharmaceuticals. Americans have had to deal with these changes in many ways, from altering their day-to-day habits to wearing protective clothing when they do venture out. People have also had to manage the stress and anxiety that comes with staying isolated. It turns out that the number one way Americans cope with social distancing is by shopping online, with the next most common methods being cleaning and learning something new, according to a recent nationally representative WalletHub survey.
WalletHub’s survey, which follows our report on the States Where Social Distancing is Most Difficult, asked a range of questions, from how social distancing makes Americans feel to what protective clothing they wear and how often they go outside. Below are more highlights from WalletHub’s survey, along with additional insight from a panel of experts and a complete description of our methodology.
Online shopping is a popular stress reliever: 36 million Americans use online shopping as their number one way to cope with social distancing.
Nearly half the population still ventures outside: 48 percent of Americans go outside at least once a day while self-quarantining.
Women worry more: Women are 40 percent more likely to feel anxious than men due to social distancing.
People want to see family most: 34 percent of Americans are most looking forward to seeing family once this is over, more than the amount that are most excited to see friends or go out to eat.
Most Americans use masks: 60 percent of Americans are now wearing face masks due to the coronavirus.
Social distancing provides an opportunity to build skills: Almost 29 million Americans are using the social distancing time to learn something new.
Social distancing is stressful, but Americans are coping in a variety of ways. For more insight into the lifestyle Americans need to follow until the crisis is over, WalletHub turned to a panel of experts. Click on the experts below to see their bios and responses to the following key questions:
What does it tell you that 36 million Americans' #1 way to cope with social distancing is online shopping?
Why do you think women are 40% more likely to feel anxious than men due to social distancing?
Is it enough that 60% of people say they are now wearing face masks due to the coronavirus?
How important is it to go outside at least once per day while self-quarantining (48% of Americans say they do that)?
What advice do you have for the almost 29 million Americans who are using social distancing as a time to learn something new?
The coronavirus pandemic has been one of the most disastrous events for the economy ever, already wiping out over 22 million jobs. In response to these record levels of unemployment, the government has issued an unprecedented stimulus package: $2.2 trillion. But despite getting the biggest stimulus ever, Americans are still left questioning whether the government has done enough. It comes as no surprise that 84 percent of Americans want another wave of stimulus checks, according to a recent nationally representative WalletHub survey.
WalletHub’s survey aimed to determine how Americans feel about government aid during the coronavirus crisis, particularly the stimulus package. The survey asked a range of questions on topics including who should get stimulus money, how smoothly the stimulus rollout has gone and whether the actions the government has taken are good enough. Below are additional highlights from WalletHub’s survey, along with a complete description of our methodology.
Many people are at risk of going broke: Nearly 160 million Americans are less than three months away from running out of money.
Stimulus checks feed vices: Almost 24 million Americans will buy drugs, alcohol or tobacco with their stimulus money.
Americans want unemployment insurance to match wages: Around 56 percent of Americans don't think people's unemployment income should be more than their previous income.
People are generous during the pandemic: A third of Americans say they will donate part of their stimulus money to coronavirus relief.
The young want checks based on financial impact: Millennials are 25 percent more likely than baby boomers to think that stimulus checks should only be given to people experiencing income loss.
Americans think non-impacted businesses shouldn’t get aid: 70 percent of Americans believe that government help should only be given to businesses with a revenue loss.
On a normal Easter Sunday, millions of Americans participate in group activities like going to church services, having large family dinners or hunting for Easter eggs. However, with more than 50 percent of U.S. states in some form of lockdown due to the COVID-19 pandemic and the government encouraging all Americans to practice social distancing, this is not a normal Easter. The economy will certainly feel the effects, too, considering that 68 percent of Americans who observe Easter say coronavirus will affect their Easter spending this year, according to a nationally representative survey conducted by WalletHub.
WalletHub’s survey aimed to find out how Americans’ Easter plans have changed from last year, as well as to gauge people’s attitudes on the crisis in the context of the Easter season and religion. Below are additional highlights from WalletHub’s survey, along with additional insight from a panel of experts and a complete description of our methodology.
Worshippers don’t want to stay home: 56% of Americans who went to church on Easter Sunday last year say they will go to church for Easter this year, if it is open.
Republicans are more likely to attend services: Republicans are almost three times more likely than Democrats to attend church on Easter this year, if it is open.
Pandemics make us appreciate family and health more: The coronavirus has made Americans most grateful for their family (40%), followed by health (30%) and then freedom (13%).
Traditional Easter spending is down: Almost half of Easter-celebrating Americans are skipping out on candy, new outfits and Easter foods this year, in contrast with prior years.
COVID-19 itself is scarier than financial troubles: 68% of Americans are more worried about the coronavirus than the U.S. economy.
Many Americans think lockdowns should last: About half of Americans believe that non-essential business, restaurants and travel should not restart for at least 3 months.
Easter is one of the biggest holidays of the year, but it will be drastically different than usual due to the coronavirus pandemic. In order to provide further guidance to those who celebrate Easter, WalletHub turned to a panel of experts. Click on the experts below to view their bios and responses to the following key questions:
Does it surprise you that 56% of Americans who went to church last year say they will not go to church for Easter this year, even if it’s open?
Why do you think Republicans are almost three times as likely as Democrats to say they will attend church on Easter this year if it is open?
How big of an impact do you think COVID-19 will have on church finances?
Should state and local governments allow church services on Easter Sunday?
COVID-19, or the coronavirus, has had an enormous negative impact on the U.S. economy. The stock market is hurting, down about 24 percent from the beginning of 2020. In addition, in many places throughout the U.S., non-essential businesses are shut down or forced to work from home. These are some of the major reasons why, 87% of small business owners are struggling due to the coronavirus, according to a nationally representative survey conducted by WalletHub. The survey took a look at how the pandemic has affected business owners’ livelihoods and opinions on various topics.
Help for business owners is on the horizon. Congress recently passed, and President Trump has now signed, a $2 trillion bipartisan stimulus bill to help both businesses and individuals recover from the damage caused by the pandemic. This package will include $500 billion in loans for struggling businesses.
While business owners wait to receive loans, though, they are struggling. Below are additional highlights from WalletHub’s survey, along with a complete description of our methodology.
Owners worry about failure: 35% of small business owners say their business can only survive for less than three months in current conditions.
Health comes before money: 79% of small business owners think that minimizing COVID-19 deaths is more important than re-opening the economy.
Business owners don’t want more restrictions: 60% of small business owners think restrictions placed in response to COVID-19 should stay the same or be relaxed.
Many business owners feel neglected: 68% of small business owners think that the government is not doing enough to help small business right now.
The coronavirus, or COVID-19, is one of the biggest news topics of 2020, overshadowing even the upcoming presidential election. There have been over 4,200 cases of the virus in the U.S., which includes people in 49 states and D.C. In response, President Donald Trump has signed a $8.3 billion spending package to fight the spread of the virus, and has issued a 30-day travel ban on people coming from many European countries.
Despite the government’s best efforts, however, coronavirus has taken a toll on the economy. The stock market has taken a huge hit. In addition, 67 million Americans think they will have trouble paying their credit card bills, according to a nationally representative survey conducted by WalletHub. The survey gauged how coronavirus has affected Americans’ lives and spending habits.
Below are some more highlights from WalletHub’s survey.
Coronavirus is a huge source of stress. Coronavirus is now the top stressor in America, above money problems or the 2020 election.
Many Americans have decided to start saving. 158 million Americans are saving more money during coronavirus, rather than spending more.
Women and men’s spending has changed differently. The top category females have spent less on due to coronavirus is travel. For males, it's entertainment events, such as concerts, sports and movies.
Travel has greatly declined. 94 million Americans have cancelled or plan on canceling travel plans due to the coronavirus.
Touching cash is scary. More than 6 in 10 people believe it is possible to contract the coronavirus from money.
There are many different tools out there designed to help you manage your money better. But no one has time to try them all, so we’ve put together a comprehensive comparison based on the 13 key factors that we believe are most important to your wallet.
We tried to remain as impartial as possible in the process, but it’s hard to escape certain facts which point to WalletHub being a superior service. Anyway, we’ll let you make up your own mind below.
Picking A Winner: Competition is a good thing, and we’re glad that consumers have so many great options when it comes to checking their credit scores and learning more about personal finance. We’re obviously partial to WalletHub, but we believe that to be a determination justifiably reached. WalletHub is the first and only website to offer daily updates for its free credit scores, and it’s unique among its competitors in that it works hard to make recommendations that truly have your wallet’s best interests at heart.
With that being said, personal preference will ultimately play a major role in your choice between these service providers, so read some reviews, give the most promising ones a try and see what you like. And don’t forget to share your thoughts in the community discussion section below.
Coming down with March Madness before the Big Dance may sound like an excuse to skip prom, but it actually describes our nationwide obsession with the NCAA Men’s Basketball Tournament. This 68-team basketball bonanza has been known to crown a Cinderella or two, produce at least one shining moment a year, and turn millions of Americans into illegal gamblers. It’s that good.
It’s also a big business both on and off the court, making millionaires out of coaches, conference commissioners and NCAA executives but very few players. Tournament time takes a toll on fans’ wallets, too, and not just in terms of the millions we lose in bracket pools each year. The average single-game ticket costs about $258, for one thing. Around 19 percent more beer is sold to keep up with cheering fans. And there’s the potential for some workplace conflict, since distracted employees cost businesses about $13.3 billion per year.
In other words, there’s a lot more to this tournament than basketball. And since money plays at least as much of a role as love of the game, WalletHub analyzed March Madness from tip to title with a special emphasis on finance. You can check out all the interesting NCAA tournament stats and facts that we found in the infographic below. We also hosted a Q&A with a panel of sports business experts on topics ranging from college basketball’s economics to which team will cut down the nets in Atlanta. Enjoy the show!
**Note: These numbers will be affected due to NCAA's decision to only allow essential staff and limited family attendance to attend the Division I men’s and women’s basketball tournaments.
$9.3 Million: Salary for college basketball’s highest paid coach, Kentucky’s John Calipari (vs. $1.6M combined for University of Kentucky’s president and the state’s governor).
$13.3 Billion: Corporate losses due to unproductive workers during March Madness.
$8.5 Billion: Amount wagered on the 2019 NCAA men’s basketball tournament ($3.9 billion illegally).
46.5X: Difference between the average NBA rookie’s salary ($3.2M) and a D1 men’s athlete basketball scholarship for a year ($70K).
$106 Million: The 2020 Final Four’s projected economic impact on host city Atlanta, with over 113,000 fans expected to visit Atlanta for the event.
$334.2 Million: Estimated value of the University of Kentucky basketball program, highest among all schools.
$167.6 Million: NCAA’s basketball fund’s 2020 distribution to D1 schools.
$0: Amount of money the NCAA pays the players participating in the tournament.
19.6 Million: People watched the 2019 title game between Virginia and Texas Tech (up 23% from 2018).
23%: Increase in chicken wings orders during the tournament, with 2.3 billion wing portions consumed by fans during the tournament (14 wing portions per viewer).
Ask the Experts: March Madness Musings
March Madness is one of the most entertaining guessing games on the calendar, but we wanted to add some more-educated insights to the prognostication mix. So we posed the following questions to a panel of sports business experts. You can check out their bios and responses below.
Who are your Final Four picks?
How do you characterize the NCAA tournament’s economic impact on its host cities?
What’s the difference between early-round games and the Final Four?
Where do you stand on the issue of paying college athletes?
What are the biggest issues facing the NCAA today?
Should daily fantasy sports be considered gambling?
Whether you see it as a civic duty, a necessary evil or cause for a few choice expletives, it’s no surprise that most of us dislike tax time. From the expense and hassle of the process to questions of fairness and fears of basic math, there are many reasons for our April angst.
But just how much do we dislike taxes and tax collectors? And what would we do to get out of paying?
In search of answers to those questions and more, WalletHub conducted a nationally representative survey of over 900 taxpayers.
Here's what we learned:
222 million Americans think the government does not spend taxes wisely.
30% of people say making a math mistake as well as not having enough money are their biggest Tax Day fears, edging out identity theft (21%) at the top of the list.
37% of people would move to a different country for a tax-free future. 26% would get an “IRS” tattoo and 19% would stop talking for 6 months.
34% of people think charities would make the best use of their tax dollars, outnumbering by nearly 2.5 times people that trust the federal government the most with their taxes.
Once the results of our survey were in, we asked a panel of experts in the fields of public taxes and tax reform to interpret our findings. Click on the panelists’ profiles below to read their bios and thoughts on the following key questions:
WalletHub’s survey found that nearly 9 in 10 voting-age Americans do not believe the government is currently spending their tax dollars wisely. What do you think are the main reasons for that?
Nearly 2.5 times more people think charities would spend their tax dollars more wisely than the federal government - are they right?
What is the significance of roughly 37% of people saying they would move to a different country for a tax-free future?
Why do you think making a math mistake is on par with not having enough money atop the list of people's Tax Day fears?
What do you think it says about Americans that 50% of people would rather do jury duty than their taxes?
Credit cards offer plenty of perks, from rewards on every purchase to 0% APRs. But credit cards can also get us into trouble if we aren’t careful. Reducing debt and adopting sustainable spending habits are particularly important, so WalletHub decided to see how consumers are approaching those tasks.
We performed a nationally representative survey online. You can find the complete results in the infographic below, along with some key takeaways from WalletHub’s latest Credit Card Debt Study.
95 million Americans admit they'd go into debt for frivolous purchases.
Young people are 27% more likely to go into credit card debt for frivolous purchases than people over the age of 59.
Nearly 9 in 10 Americans say their personal finances are currently run better than the federal government.
2X more Democrats than Republicans think another recession will happen within one year.
Women are 48% less likely than men to be embarrassed by people seeing how much credit card debt they have.
More than one-third of people (37%) say they would do anything to get out of credit card debt.
Millennials are more than 3X more likely than baby boomers to agree to house arrest for a year in exchange for credit card debt freedom. They’re also 43% more likely to leave the country.