https://www.cnbc.com/2022/05/24/this-low-risk-401k-investment-is-guaranteed-to-not-lose-your-money.html
Task 2. Describe the following graph.
The chart shows the percentage of people who accessed news from 4 sources from 1995 and projection to 2025.
Task 3. Speak on the topic: Currency/Different types of Money
Card №17
Task 1. Give the main idea of the text.
The stock market’s roller-coaster ride isn’t inspiring confidence in investors. Still, a small portion do plan to take advantage of recent price dips.
About 18% of Americans are willing to put more money into stock market investments this year, including retirement accounts, according to a recent survey from Bankrate. The online survey polled more than 1,500 investors April 19-22.
“When markets pull back, it does represent a good buying opportunity, particularly for the automatic savings that happen through a 401(k),” said Greg McBride, chief financial analyst at Bankrate. “A volatile year like this could in the long-run prove to be an attractive buying opportunity and you’ll be glad you invested more.”
Younger investors, including Gen Zs and millennials, are the most likely to say they’ll boost stock market investments this year, the survey found. That’s a positive sign, as it shows they’re establishing and sticking to solid financial habits, according to McBride.
“They have the longest time horizon until retirement,” he said. “Having that longer-term view and investing more is something that can compound and grow over an extended period of time.”
https://www.cnbc.com/2022/05/23/18percent-of-americans-plan-to-increase-stock-market-investments-this-year.html
Task 2. Describe the following graph.
Task 3. Speak on the topic: Economic functions of Banking.
Card №18
Task 1. Give the main idea of the text.
In this competitive housing market, buyers are willing to make some concessions to either cut costs or land their dream home.
Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, with Gen Z and millennials more likely to do so than older generations, a survey from Bankrate.com found. That includes moving to a cheaper area and buying a fixer-upper.
To be sure, home prices are still high, thanks to continued low inventory. In April, the median price of an existing home sold was the highest on record at $391,200, an increase of 14.8% from a year ago, according to the National Association of Realtors.
“Wages are going up a bit, but these price increases are really squeezing Americans who want to buy homes,” said Bankrate.com analyst Jeff Ostrowski. “Now that mortgage rates have risen pretty dramatically, there is an affordability crunch really affecting first-time buyers,” he said.
The mortgage rate on a 30-year fixed loan is now 5.36%, according to Mortgage News Daily. That’s up from 3.29% at the start of the year. Between home prices and higher mortgage rates, buyers’ mortgage payments are about 50% higher than just a year ago, according to Realtor.com data.
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