A child stands next to the ‘Fearless Girl’ after a ceremony to unveil the statue’s new location across from the New York Stock Exchange on Dec. 10, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images If you want to see a better gender balance in the workforce, you may
Personal finance
gawrav | Getty Images Got kids? Expect them to hang around long after they turn 18. More than 30% of teens don’t believe they’ll be financially independent from their parents by age 30, according to a new survey from Junior Achievement and Citizens Bank. The two groups polled 1,000 13- to 18-year-old teens online from
Democratic presidential candidate Cory Booker wants to help Americans with their personal finance. Black Americans, in particular. Booker’s so-called baby bonds proposal, which has quickly become a centerpiece of the New Jersey senator’s campaign, would provide every child born in the U.S. with a $1,000 savings account. Each year, the government would automatically deposit up
If you don’t know how much money you will have to live on in retirement, you’re not alone. Creating a steady paycheck to cover all your needs after saving for years is one of the biggest dilemmas that confound retirees today. A new tool aims to help you understand just how close you are to
If you feel like you’re underpaid, you may not be imagining it. Pay inequality is a real problem, particularly for women. In 2018, women took in just 85% of what men earned, according to an analysis of median hourly earnings from the Pew Research Center. Actress Michelle Williams, center, speaks during a news conference for
If your child’s dream college has put her on the wait list, be aware that she’s running out of time to commit to a school. High school seniors hoping to start college in the fall should have found out whether they were accepted or not by this spring. Generally, they have until May 1st to
Tuition-free college isn’t quite the holy grail of zero-cost higher education, but it’s pretty close. In all, about 20 states offer students access to tuition-free college, according to the Campaign for Free College Tuition. Of these, 11 offer what’s known as a promise program, typically funding two years of education at participating community college. They
Many people nearing retirement and craving warmth think of Florida. Yet some destinations offer even more idyllic weather — if you’re willing to look beyond the U.S. A new report by International Living, a guide to retirement abroad, ranks destinations where you might think about spending your later decades by their weather. Of course, not
You don’t know what you don’t know. And that’s the whole problem with financial literacy. Scrambling to pay bills or struggling with credit card debt is just the tip of the iceberg. Can you manage your own finances successfully if you don’t understand the relationship between bond prices and interest rates? Ric Edelman, founder of
The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The average refund check for the week ending April 19 was $2,725, according to the tax agency. That’s down 2% from a year ago. In all, the federal government paid
Against a backdrop of plentiful jobs and an early-year surge in the stock market, Americans’ financial happiness has hit a new high. The American Institute of CPA’s quarterly Personal Financial Satisfaction Index, released Thursday, is up 11% from the previous reading and 27% higher than a year ago. “People are feeling more comfortable with their
Americans are more optimistic than they’ve been in years about life in retirement. Yet one question remains: Will they have enough money? According to a new study by the Employee Benefit Research Institute, confidence among U.S. workers has rebounded to pre-recession levels, with more than two-thirds (67%) saying they are very or somewhat confident they’ll
If you thought the Bank of Mom and Dad closed its doors after the kids have grown up, think again. The average cost of raising a child to age 18 is estimated to be $233,610, according to the U.S. Department of Agriculture. The expenses continue long after your child has entered adulthood. Half of parents
Money is big, and it’s all around us. Adults, who have learned from experience about irresistible sales pitches, can find it hard to make good financial decisions. Imagine what it’s like for a wide-eyed 8-year-old to confront a dizzying array of choices. We know what can happen in the future if we don’t save. Is
Nobel laureate Richard Thaler has put forward a new idea to allow individuals to use their 401(k) savings to increase their Social Security benefits. Thaler, a behavioral economist and professor at the University of Chicago Booth School of Business, discussed the idea at an event hosted by the Brookings Institution, a non-profit public policy organization,
Want to get your financial house in order? There’s a monthly subscription service for that. The same payment model that you use to cover Netflix and Spotify each month has arrived to the world of financial advice. Charles Schwab recently announced it would start charging investors in its Schwab Intelligent Portfolios Premium service a one-time
Donald Trump’s surprising ascent to president of the United States has brought many unexpected effects to the financial markets. Ironically, one has been a rapid increase in interest and adoption of impact investing and other types of values-based investing. Impact investing, or values-based investing, is a type of investing that helps people and/or organizations align
More than 95% of student loan borrowers would see at least some of their debt cancelled under Democratic presidential candidate Elizabeth Warren’s new higher education proposal released on Monday. That’s the finding in an analysis of the plan by leading experts on student loan debt. The Massachusetts senator outlined her proposal in a Medium post
When Bruce Sullivan set out to build his dream retirement home in 2015, his goal was to get his utilities costs as low as possible. Today, the 900-square-foot Bend, Oregon, home that he shares with his wife has more than accomplished that, he said. The one-bedroom, one bathroom house is what Sullivan calls a “zero
With Social Security expected to face revenue shortfalls starting next year, consumer advocates are hopeful that Congress is moving toward acting on legislation that would both shore up the program and expand benefits. The annual trustees report, released Monday, anticipates that in addition to the program spending more than it takes in beginning in 2020,