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Throughout history, women have faced significant economic obstacles in their quest for equality. Centuries of societal norms and legal practices have placed them at a disadvantage compared to men. The Women’s Business Ownership Act, passed as recently as 1988, allowed women to obtain business financing without a male co-signer. Before 1969, women were not even
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Opening a retirement account for your teenager while they are working summer jobs can be a highly advantageous move. According to certified financial planner Carol Fabbri, Roth individual retirement accounts are “triple-tax efficient” for teenagers. This means that Roth IRAs are funded with after-tax dollars, but teenagers often earn less than the standard deduction, which
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The S&P 500 reached another all-time high on Tuesday, showcasing a 53% increase since the peak of inflation in 2022. Despite concerns of a potential pullback, experts at the CNBC Financial Advisor Summit remain optimistic about the future performance of the index. Savita Subramanian, head of U.S. equity strategy at Bank of America, expressed confidence
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The Biden administration recently announced the forgiveness of $7.7 billion in student loans for over 160,000 borrowers. This initiative is part of the government’s larger strategy to alleviate the financial burden of education debt on American households. The relief was made possible through enhancements to the U.S. Department of Education’s income-driven repayment plans and Public
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Traveling this summer has brought some relief for Americans in terms of airfare prices, with a general decrease in costs compared to the previous year. However, the scenario is not the same for all regions and destinations. According to data from travel site Hopper, certain international trips have become more expensive in 2024. For instance,
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