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AdvertisementA few months later, she canceled the wedding due to the domestic violence she experienced from her fiancé. I found out by seeing a post on social media. Her husband posts pictures on social media washing brand-new four-wheelers they purchased for him and their two kids and an expensive truck. Research from the University of Wisconsin-Madison's Center for Financial Security tells us that 99% of domestic violence cases have a financial element. Certainly, remember what may happen before you give your niece money in the future, but don't stop showing up for her in other ways.
Persons: It's, she'll, we're, fiancé, Don't Organizations: University of Wisconsin, Madison's, for Financial Security
The class of 2024 longs for both job and financial security — and those priorities may be at odds when they negotiate the pay for their first jobs out of college. Some 3 in 4 college seniors graduating next year say they're unsure whether they plan to negotiate their starting pay, that it will depend on the offer, or they're outright not planning to have the discussion, according to Handshake's latest survey of 1,148 students in the class of 2024. Students say their main reason for not negotiating is they're worried an employer may rescind their offer if they do, followed by concerns that doing so will leave a bad impression. The remaining 1 in 4 students say they "definitely" plan to negotiate. But the fear of negotiating is "at odds" with many students' need for financial security, Williams adds.
Persons: Monne Williams, Williams
Over time, I made four smart money moves that put me on the path to financial success. Paying down debt, contributing to a 401(k) as soon as possible, and building an emergency fund created financial security. Here are four smart money moves that I have made with my money:1. I grew my emergency fund for financial securityRight after paying off my student loans, I got to work on growing my emergency fund. These were the money moves that worked for me and set me on the path to financial security.
Persons: I've, Lynnette Khalfani, Cox Organizations: Service Locations: Wall, Silicon
Known for offering little to no interest, savings account interest rates have greatly increased as the Federal Reserve raised interest rates several times in 2022 and 2023 to combat inflation. The average savings account interest rate in the US is 0.42% APY, but the account you choose has a big impact on that rate. If you opened a savings account years ago and never looked again, it's likely you're not earning nearly as much as you could. I have my own version of a savings ladder using three savings accounts: an emergency fund, a high-yield savings account, and a savings account for a down payment on a home. Products in this post: Betterment Cash Reserve Account, OceanFirst Bank High Yield Savings Account, Milli Savings Account, SoFi Checking and SavingsJennifer Streaks Senior Personal Finance Reporter and Spokesperson Jennifer is a Senior Personal Finance Reporter and Spokesperson for the Personal Finance vertical at Business Insider.
Persons: it's, aren't, Jennifer, Read Organizations: Federal Reserve, Products, OceanFirst, Business, Black Enterprise Magazine, CNBC, Forbes, Twitter Locations: Santander, Investor.gov
The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Here's why even China isn't that keen on de-dollarizing the world economy and making the yuan the top reserve currency. So, the US will need to contend with ever larger amounts of deficit, in order to maintain its pre-eminent reserve currency position. Given the issues standing in Beijing's way, it's unlikely for the yuan to take over the greenback's position as the world's reserve currency of choice, said Green.
Gilbert revealed how other founders of color can protect themselves amid banking uncertainty. Gilbert, who has raised $1.3 million in pre-seed VC, revealed how other founders can protect themselves amid banking uncertainty. Many of the women who were impacted by SVB, specifically the Brown women, noticed how quickly our government reacted. Founders need to find opportunities that will serve themIt's important that founders find opportunities that will protect them along the way. When SVB closed, I was pushed toward FWB by my investors as the bank opened floods of accounts for other women founders and founders of color.
Rep. Ayanna Pressley and Sen. Cory Booker urged the Treasury Department to support their "Baby Bonds" legislation. "This policy would provide every child in America with unprecedented opportunity for financial security," Pressley and Booker wrote in their letter. They cited reports from Columbia University and Morningstar that found Baby Bonds would "substantially" close the racial wealth gap. When we introduce baby bonds, this gap narrows to 71% for Black families and 67% for Hispanic families." Along with Pressley and Booker, other Democratic lawmakers have been stressing the benefits of Baby Bonds over the past year.
October 10 is World Mental Health Day, and the 2022 World Mental Health Day theme is, "Make mental health and wellbeing for all a global priority." 42% of U.S adults say money is negatively impacting their mental health, according to a recent survey from Bankrate and Psych Central. Gen X, ages 42 to 57, doesn't lag far behind at 46%, and 40% of those aged 18 to 25 in Gen Z say money problems cause mental health concerns for them, too. Just 30% of people who make at least $100,000 annually say money negatively affects their mental health, compared to 48% of earners making less than $50,000 a year. 3 ways to feel financially secure, maintain positive mental health
Retirement saving for women can be difficult because of pay gaps and time out of the workforce. "It's vital that women understand what their specific challenges to saving and investing will be," Kaufman said to Insider. But it will definitely take more than telling women to just save more money or make more money. "We have to do more than save money in a 401k and a bank account," says Kaufman. Just working and saving money is not going to get you there," Tisdale says.
With that question, The Washington Post's technology columnist, Taylor Lorenz, kicked off a recent Aspen Institute panel entitled "Can Gen Z Trust Their Elders?" Across the board, members of Gen Z are less inclined to trust major institutions than their elders are. Add all these factors up, and Gen Z is looking more and more like it will become permanently mistrustful. Why doesn't Gen Z trust anyone? According to a report by Edelman, seven in 10 members of Gen Z say "they will fact-check" any claim made by a business or advertiser.
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