Money makes the world go round, and most of us are looking for ways to earn, save, or invest more.
That said, it’s no surprise financial topics make up some of the most popular Google searches.
But which ones are on everyone’s mind? Let’s explore the most Googled financial questions and give you some insights.
How Often Do We Worry About Money?
Financial worries are widespread, no matter the age group or income level.
A recent survey found that 90% of Americans experience financial stress, and a whopping two-thirds feel overwhelmed by their expenses. This upward trend in money worries leads people to put off important decisions like opening a retirement account, buying a house, or paying for other living expenses.
But this doesn’t mean people are giving up their goals altogether. Many are seeking answers online to learn more and improve their situation.
The Most Googled Financial Questions
Curious about which topics everyone wants to learn about? Let’s take a look at some of the most Googled financial questions and help you find some answers:
1. What Does It Mean When A Home Is In Foreclosure?
States With The Most Searches: Alaska, Arizona, Montana, Nevada, Missouri, Iowa, South Dakota, North Dakota, Utah, Washington, Wyoming, and West Virginia
With foreclosure rates increasing steadily, more struggling homeowners want to know what to expect.
Foreclosure happens when you have not made mortgage payments for some time. The lender then starts the legal process of taking your property and permanently seizing your home.
It’s incredibly stressful for anyone to go through this process. Thankfully, there are plenty of ways to stop the banks from losing your home, such as forbearance, bankruptcy, or a loan modification. Always talk to an expert to see which options suit your situation.
2. How Do Interest Rates Work?
States With The Most Searches: Mississippi, Florida, Nebraska, Kentucky, Michigan, Indiana, Ohio, Tennessee, and Rhode Island
Interest rates are an add-on cost to any loan you take out and can significantly impact how much you pay over time. Whether you’re dealing with a mortgage, student loan, or large credit card debt, expect to pay more than the principal.
Higher interest rates mean higher payments and more interest accrued. On the other hand, lower rates can make borrowing and paying back your loan much easier.
3. What Is A Credit Union?
States With The Most Searches: North Carolina, Wisconsin, and Colorado
A credit union is a member-owned financial institution that offers financial services similar to those of a bank, such as savings accounts, loans, and credit cards.
So, what makes them different in the first place?
Unlike banks, they often give you better interest rates and lower fees because they share profits with their members. People frequently look them up to find better alternatives that are more connected to their community.
4. How Do Student Loans Work?
States With The Most Searches: New Mexico and Maryland
One thing I regret is not doing enough research about how student loans actually work before going to school.
Thousands of students go into college each year without knowing how much they’ll owe after they’re out. And roughly one-third don’t even know they’re in debt in the first place.
To give you an overview of how they work, they’re basically like any other loan. They can come from federal or private sources and are used to cover educational expenses like tuition, books, and living costs.
Understanding how these work, including interest rates, repayment options, and loan forgiveness programs, is the number one way to keep your student debt low after graduating.
5. What Are The Benefits Of Budgeting?
States With The Most Searches: Texas, Louisiana, and South Carolina
Having a budget is one of the most basic building blocks to achieve your financial goals. It’ll help you keep track of money and see what you need to adjust to make your goals happen. A budget can also prevent overspending, increase savings, and provide a clear picture of your finances.
The Bottom Line
Financial topics are a major concern for most people and greatly influence our lives, for better or worse.
From foreclosures in Montana to budgeting in Texas, these popular questions reflect many Americans’ common worries about money, debt, and planning for the future.
If you want to take control of your finances, there’s no better time to start learning and building your nest egg than today!
Read more:
