Category: News
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Stocks end week on a good note
In a long-needed comeback week for the stock market, the Dow added 800 points while the S&P tallied 116. Considering the circumstances with rising inflation, supply-chain shortages, and dismal stock market performance in 2022, this was a much needed win for Americans.
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How to beat inflation, today!
If you’re sitting around reading news articles, you’re probably not feeling very good about the financial outlook of the country, your investments, or any other aspect of life related to money. Well, don’t fear, the Wealthy Idiots are here!
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Americans 401k balances will make you sad
401k plans are continually growing in popularity. Today, more and more employers are offering the plan, which has become a staple of the retirement system of the future in the United States. That doesn’t mean the balances are booming. In fact, they’re rather pathetic.
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Disaster warning: Americans have less free income
Inflation is surging, and as you would expect, this is causing Americans to tighten their budgets. This may or may not be working, as we’re seeing tons of people living paycheck-to-paycheck, even higher earners in many cases.
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Interest rate hysteria; can you buy now?
Deciding to buy a house can be an exhausting and expensive adventure. Today, mortgage rates complicate this even more. Do you know how much house you can buy? Keep reading to find out!
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With gas prices surging, is it time to buy an electric vehicle?
With gas prices at an all-time high, you can find no shortage of people advocating for the purchase of an electric vehicle. You can find articles here, here, and here, along with about 5,000 more. Now don’t take this as gospel, because everyone has their own motives, especially the media.
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Personal finance now a priority in high schools
If one good thing has come out of 2022, it is that a growing number of states are making personal finance classes a requirement for kids to graduate from high school.