Yahoo TV

On today’s episode of Wealth!, Yahoo Finance Host Brad Smith covers how you can best prepare for major life events, from buying a home to saving for your retirement amid sticky inflation.

While mortgage rates decreased for the second consecutive week, the number of applications on the market has remained largely unchanged. Mortgage loan delinquencies on 1-to-4-unit homes rose 38 basis points year over year, according to data from the Mortgage Bankers Association. University of Pennsylvania Wharton School Professor of Finance Michael Roberts explains how to get your mortgage under control and manage your overall debt.

The average credit card debt per borrower rose 8.5% year over year to $6,218, according to TransUnion. Maconomics Founder and Yahoo Finance Contributor Ross Mac explains the dangers of not paying your credit card debt, and Discover Personal Loans Vice President Dan Nickele touches on how personal loans can help individuals manage their debt.

Americans are feeling pessimistic about their retirements, with 79% saying they feel the nation is facing a retirement savings crisis, according to the National Institute on Retirement Security. Segal Marco Advisors Chief Investment Officer Sue Crotty explains that most people will not be able to retire on Social Security alone and points to defined benefit and contribution plans as ways to steadily grow wealth.

This post was written by Melanie Riehl