The U.S. economy’s coming decade will be shaped by a tug-of-war between artificial intelligence (AI) and demographics-driven deficits. The victor—and its margin of victory—will determine whether economic growth exceeds its disappointing pace since the global financial crisis of 2007-2009. By focusing on four key variables and assigning probabilities to future outcomes, this “Megatrends” research by Vanguard explores the long-term nature of massive shifts in technology, demographics, and globalization.

To achieve your financial goals, it's essential to know where your money is going. This is why having a budget is so important. And what's even more important is to find a budget that matches your personality. From the first video, it will help you discover the 4 types of budgets available to fit your personal budgeting style. For more on how to budget based on your ideal preference, watch the video on each budgeting style:

Managing multiple short- and long-term financial goals can feel overwhelming at times. With this guide by Vanguard, a three-step financial wellness framework is provided for determining the next best actions you can take to bring you closer to your goals and improve not only your financial situation but also your overall holistic well-being, no matter where you are on your financial journey.

Sound money is the result when interest rates are above the rate of inflation, a development that is expected to persist in the years ahead. In the meantime, the transition to a higher interest rate environment has no doubt challenged investors, who have endured historical losses in bonds and high volatility in stocks. But make no mistake: This structural shift is the single best economic and financial development in the last 20 years. Looking forward and as shown in this report, investors will benefit from a return to sound money.

Last year, the policymakers were a factor in shaping the global market conditions. And it’s clear that as long as financial markets function as intended, policymakers are willing to accept asset price volatility and a deterioration in macroeconomics fundamentals as a consequence of fighting inflation. In this year’s economic and market outlook, global inflation and recession are both expected to persist across most economies while unemployment is likely to rise.

What is the value of financial advice? This question is of utmost importance to financial advisors, investors, and the finance industry in general. By putting a number on the value of their advice, financial advisors can surface the highest-value advice interventions and demonstrate their value to clients to retain and attract more business. The value of this personalized advice is illustrated through a four-part framework, methodology model, and four hypothetical case studies.

Charitable giving is an important goal for many investors. Although any form can be beneficial, proper planning of the when, what, and how can help maximize the donor’s philanthropic as well as overall wealth planning goals. In examining some common charitable giving strategies, the advantages and disadvantages are discussed, and examples are presented to illustrate the potential impact.

The threat of recession is real as the global economy remains at a critical juncture. In the U.S. and Europe, inflation is at a multidecade high. Since the start of the year, the Federal Reserve has raised its policy rate multiple times, by 50 to 75 basis points per meeting. Will the Fed be successful in getting inflation back to target and delivering a softish landing? The answer will hinge on three key policy drivers.

When choosing among cash flow opportunities, from the prepayment of loan principal to various investments, investors may be best served by following a quantitative framework to maximize future returns while considering the funding and timing needs of their goals. Any strategy must balance generating greater potential returns with an investor’s behavior, risk tolerance, and liquidity needs over time.

Over the last ten years, U.S. growth stocks have outperformed U.S. value stocks by an average 7.8% per year. This has led some to question the existence of the value premium. However, for U.S. investors with the appropriate risk budget, time horizon, and patience, the overweight to value stocks could help overcome a lower-return environment over the next decade.

Interest in various forms of impact investing has been growing, but the array of terms—ESG, SRI, Green Bonds, and Engagement—in this area has contributed to investor confusion. The decision on which form is right for the investor depends on a number of factors, including the investor’s goals, beliefs, resources, and preferences. Though one agreed-upon process to evaluate environmental, social, and governance (ESG) investing actions may never exist, any proposed process should be practical, helping investors make informed decisions with both their time and capital.