JP Morgan Chase

Americans spend more than $1,450 each year on holiday-related purchases — from gifts and travel to decorations and entertainment. These costs layered into your monthly expenses can significantly strain your budget.

Homeownership is the largest financial undertaking for most Americans and a key to building generational wealth. It can provide a base of security, as building home equity provides you with more financial options in the future.

David Miree, who worked in Boston from 2011 to 2014 as an executive vice president at Sovereign Bank, is the co-executive sponsor of JP Morgan Chase’s $30 billion commitment to provide home and business loans in Black and Latino communities across the country.