The struggles that women face in achieving economic equality with men are deeply rooted in history. Josie Cox, a financial journalist, sheds light on this issue in her book, “Women Money Power: The Rise and Fall of Economic Equality.” From the Women’s Business Ownership Act in 1988 to the discrimination against pregnant women in the
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The aftermath of the pandemic has left many Americans struggling with the impact of rising grocery prices. According to Sen. Elizabeth Warren, grocery prices have skyrocketed during the pandemic and have continued to rise even after the pandemic is over. Shoppers have experienced frustration as certain grocery products, such as chicken breasts and bread, have
Summer jobs are a common occurrence for teenagers looking to earn some extra cash during their break from school. However, what many parents and teenagers may not realize is that a summer job can also be an excellent opportunity to start saving for the future by opening a Roth IRA. According to experts, Roth IRAs
The S&P 500 has recently reached another record high, with a significant increase of 53% since the peak of inflation in 2022. Experts have pointed out the positive performance of the index, which tracks the largest US company stocks. While there are concerns about a potential market pullback, some analysts believe that there is still
The Biden administration recently announced a plan to forgive $7.7 billion in student loans for over 160,000 borrowers. This initiative is part of the U.S. Department of Education’s strategy to alleviate the burden of education debt on households. As Education Secretary Miguel Cardona highlighted, the administration is dedicated to providing student debt relief to millions
The proposal for federal children’s savings accounts, such as the 401Kids Savings Act, aims to create a financial safety net for children from low- and moderate-income families. These accounts would be set up at birth, with federal contributions made available to families based on specific income thresholds. The ultimate goal is to help alleviate the
Many young retirement savers are considering raiding their 401(k) accounts to buy a home. A recent survey conducted by BMO Financial Group found that nearly one-third of aspiring homeowners are planning to withdraw funds from their 401(k) plans to fund a purchase. Interestingly, millennials and Gen Zers are more likely to do so compared to
This summer, American travelers have experienced a broad decline in airline fares, which comes as a relief after the high prices seen in the previous year. However, it is important to note that airfare costs have actually increased for certain regions and destinations in 2024, particularly for international trips. According to data from travel site
One of the biggest concerns surrounding Social Security is the potential depletion of trust funds in the next decade. However, it is important to note that even if the trust funds are depleted, the program will still have revenue from payroll taxes. This means that benefits will still be distributed, albeit potentially at a reduced
The Tax Cuts and Jobs Act of 2017, which lowered income taxes for most Americans, is set to expire in 2025 unless Congress takes action. The looming battle over these tax breaks adds further complications to the federal budget deficit. As we approach this crucial deadline, it is essential to understand the implications of these