Despite decades of advocacy for women’s equality in the workplace, significant disparities in the gender pay gap remain entrenched. A contributing factor to this stagnation is what researchers are analyzing as the “gender promotion gap.” Kelly Shue, a finance professor at the Yale School of Management, highlights that women face notably lower promotion rates compared
Personal
In an age where financial literacy is more critical than ever, the conversation around teaching kids about savings and investment must evolve. As a financial advisor and mother of three children aged 15, 12, and 11, I have witnessed first-hand the remarkable potential of introducing young people to the world of finance early on. Engaging
The death of a loved one is one of life’s most challenging experiences, and the subsequent financial burden can exacerbate the grief that families experience. Currently, Social Security beneficiaries who pass away have their surviving relatives eligible for a one-time death payment of merely $255. Instituted in 1954, this amount has remained stagnant for decades
In recent years, savers have enjoyed relatively high yields on cash equivalents, including savings accounts, certificates of deposit (CDs), and money market funds. However, with the Federal Reserve’s recent changes to its monetary policy—specifically, a recent cut in the benchmark interest rate—this trend is beginning to reverse. As rates continue to fall, it is crucial
In recent years, TikTok and other social media platforms have burgeoned into major sources of financial advice, particularly among younger generations such as Gen Z. Dubbed “FinTok,” this trend reflects a growing reliance on social media for financial insights. However, this reliance comes with significant risks, as evidenced by a report from Edelman Financial Engines,
As the U.S. approaches the end of what has already been a tumultuous year, economic changes loom on the horizon, largely influenced by the Federal Reserve’s recent decisions. A notable shift occurred when the Federal Reserve announced a 50 basis point cut in interest rates, a move that many anticipate will be the first of
Navigating the maze of tax deadlines and payment options can be challenging, especially for those who find themselves unable to meet their financial obligations. With the federal tax deadline firmly set as April 15, the provision for an extension through Form 4868 offers a glimmer of hope, extending the filing deadline to October 15. However,
At 27, Victoria Szafarski found herself grappling with a substantial credit card debt of $10,000, a daunting figure that had previously soared to $25,000. Reflecting on this period of her life, Szafarski recognized profound feelings of isolation and failure that often accompany such financial struggles. However, her journey took a positive turn when she made