After peaking in 1971, the percentage of families covered by life insurance has dropped steadily, from a high of 85.4% to 59.4% in 2019. Financial experts say life insurance is still a “huge need.” So why don’t more people buy it? Dr. Puneet Prakash, professor in the finance and risk management department at Missouri State University, offers a few reasons why to Policygenius. … [Read more...] about Why are fewer people buying life insurance?

The recent failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, has raised this question for many Americans: Is my money safe in the bank? Experts like Dr. Jeff Jones, certified financial planner and department head of finance and risk management at Missouri State University, share with ABC News why deposits are safe despite the financial turmoil. … [Read more...] about Are bank deposits safe in wake of Silicon Valley Bank collapse?

What are savings bonds and how do they work? Dr. James Philpot, certified financial planner and associate professor of finance and risk management at Missouri State University, offers some insights to U.S. News Money. … [Read more...] about Getting to know more about savings bonds

With a new year come new goals and resolutions. Many Americans will set financial goals in 2023, but do they have the right plan in place to hit those objectives? What are some simple steps they can take to achieve their financial goals? Dr. James Philpot, associate professor in the department of finance and risk at Missouri State University, offers insight and advice for … [Read more...] about Financial planning in the new year