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NerdWallet's Smart Money Podcast

Money News: Strategies for Building a Safety Net and Single-Parent Finances Unpacked

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 24 January 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Uncover 30-year trends in single-parent household finances with insights on growth, challenges and building a safety net. What should you do when stock markets hit record highs? Is now a good time to buy or sell a home now that mortgage rates have dropped again? How can you build a safety net when you’re a single parent? Hosts Sean Pyles and Anna Helhoski break down the latest headlines from the world of personal finance, including record-breaking stock market events, increases in consumer confidence, and the lowest mortgage rates since May 2023. NerdWallet Senior Writer Elizabeth Renter then joins Sean and Anna to discuss a new NerdWallet report that delves into the financial well-being of single-parent households – a group that includes nearly a quarter of all children in the U.S. She provides valuable insights into the trends, improvements, and challenges faced by single-parent households over the years. Drawing from her personal experience as a single parent, Elizabeth shares strategies for building a financial safety net for those facing unique challenges. In their conversation, the Nerds discuss: personal finance, financial well-being, single-parent households, NerdWallet report, stock market, bull market, S&P 500, Dow Jones, consumer sentiment, inflation, gas prices, housing market, mortgage rates, homebuyers, home sellers, real estate, financial trends, long-term investment, market movements, economic outlook, financial challenges, income growth, net worth, homeownership, financial opportunities, and emergency funds. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.0

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0:07.0

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0:10.0

Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.

0:15.0

Did you have sex? Did you have sex?

0:17.0

Did you have sex last night?

0:19.0

Yes! And it was amazing.

0:23.0

Whatever you're into, it's right here.

0:25.3

Prime Video.

0:27.1

Click or tap the banner to find out more.

0:32.1

Welcome to Nerd Wallet's Smart Money podcast.

0:35.0

I'm Sean Piles.

0:36.0

And I'm Anna Helhouski.

0:37.2

And this is our weekly personal finance

0:39.4

news roundup, where we take a look at recent developments in the world of money and then go in-depth

0:44.4

on an issue that's important to your life and your bottom line. Today, we're going to look at a new

0:49.6

nerd wallet report on the financial well-being of single-parent households over time.

0:58.1

Nearly a quarter of all kids in the U.S. live in a single-parent household.

0:59.7

We're going to hear how they're doing.

1:03.3

But first, a few money headlines from the last few days.

1:08.7

So, Anna, would you like to see a picture, a snapshot?

1:11.4

Ooh, yes, please. I like pretty things, though.

...

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