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The United States has long been considered the land of opportunity, where hard work is supposed to lead to financial success. However, in recent decades, the wages of American workers have stagnated, even as productivity has continued to increase. This phenomenon, known as wage stagnation, is a severe issue that affects millions of people in […]
Filing Your Taxes in 2022 might be more complicated due to advanced child tax credit, stimulus check, and covid-19 pandemic economic relief measures. Taxpayers can begin filing their taxes with the Internal Revenue Service (IRS) starting January 24 through April 18. The IRS has not said anything about extending the deadline. Continue reading to […]
A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The federal funds rate or benchmark rate is currently at a range of 0% to 0.25%. This year, it can go up as high […]
Capitalism always ignores politics and significant social justice issues. Rumor has it that Tesla Inc might move its headquarters to Austin, Texas. The company held its annual shareholder meeting there yesterday. Oracle, Apple (second-largest campus), Charles Schwab, and many more Silicon Valley companies have moved to Texas over the past couple of years. Moreover, many […]
The financial crisis of 2007-2008 has lasting economic impacts. In the fall of 2008, the US gross domestic product (GDP) fell by 4.3 percent. Two well-researched academic papers proposed a different reason for the Great Recession. The paper by Professor Baijnath Ramraika and Michael Benatar, titled “Real Estate Prices, Subprime Lending and Financial Crisis: Lessons […]
One of Our goals here at Financial Middle Class is to help individuals make informed decisions regarding their financial well-being. This comprehensive guide will delve into the intricacies of Social Security Survivor Benefits. We will explore how these benefits work,...
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The shortage of affordable housing is a pressing issue that affects individuals and communities across America. It refers to housing options within the financial reach of low- to moderate-income individuals or families. In this article, we will explore the concept...
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Be a Better Investor™ Asset allocation is a crucial aspect of investment strategy that involves diversifying an investor’s portfolio across different asset classes to optimize returns while managing risk. It is based on the principle that different asset classes perform...
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Be a Better Investor™ Diversification is a fundamental concept in investment management that aims to minimize risk and maximize returns by spreading investments across different asset classes, industries/sectors, and geographical regions. This strategy helps investors reduce their exposure to individual...
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Imagine this: a generation caught between the shadows of the baby boomers and the millennials, suddenly waking up to the harsh reality of their impending retirement. ...
By MacKenzy Pierre
Be a Better Investor™ Tax-advantaged accounts allow individuals to save money while enjoying additional tax benefits. These accounts, including retirement, education, and health plans, can significantly...
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Picture this: the wind rushing through your hair, the thrill of the open road, and the freedom to explore new horizons. Owning a motorcycle can be...
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Closing costs are unavoidable in home-buying, adding a significant financial burden to an already expensive transaction. However, there are ways to ease the burden of these...
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Introduction A fixer-upper property is undeniably captivating. The charm of restoring a neglected house to its former glory or customizing a home to suit your unique...
By MacKenzy Pierre
Mobile, manufactured, and modular homes have become affordable alternatives to traditional housing options. These types of homes offer flexibility, cost-effectiveness, and various financing options. In this...
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If you find yourself in a situation where you still owe money on your car but desire to purchase a new one, trading in your current...
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Introduction: When managing personal finances, it’s crucial to clearly understand the various charges and fees associated with credit and loan accounts. Learning how to calculate finance...
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A swimming pool can be a fantastic addition to any home, offering a refreshing escape from the summer heat and a gathering place for family and...
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Acquiring land can be an important step towards achieving your real estate goals, whether for building your dream home, starting a farm, or developing commercial property....
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Imagine this: a generation caught between the shadows of the baby boomers and the millennials,...
Be a Better Investor™ Tax-advantaged accounts allow individuals to save money while enjoying additional tax...
Picture this: the wind rushing through your hair, the thrill of the open road, and...