Category: finance

Debits and credits are used to record every business transaction. This guide explains debits and credits rules using the acronym "DEALER" for each account.

Net worth shows the assets remaining after paying all your debts. Use this net worth calculator to find your personal net worth. You should know your net worth.

The rule of 72 is an estimate of how quickly an investment doubles. The formula is 72 divided by the interest rate. As returns increase, the years needed to double decrease.

The U.S. median net worth is $258,531 for 70-74 year olds and $272,976 for 75-79 year olds. The median net worth for individuals over 80 is $235,193.

The U.S. median net worth is $228,833 for 60-64 year olds and $271,805 for 65-69 year olds. So, the median net worth by age 70 is over $272,000.

The U.S. median net worth is $171,320 for 50-54 year olds and $193,549 for 55-59 year olds. So, the median net worth by age 60 is over $194,000.