Looking for a Long Term Financial Plan?
Financial literacy has always been a challenge. However, now that much of the burden of retirement income has shifted to employees instead of employers, it is all the more important that we begin teaching the principles of saving and investing to people as early as possible In a recent survey, 44 percent of Americans said they would rather discuss death, religion or politics than talk about personal finance with a loved one. The taboo attached to talking about money is apparently still alive and well. However, our circumstances have changed, and people from all demographics need to understand how to prepare for their future sooner rather than later. In particular, college graduates overcome with debt can quickly fall behind. This longstanding taboo also contributes to the gender wage gap. Women are less likely than men to aggressively negotiate their starting salaries, and are more harshly judged when they do so; as a result, women remain behind the curve when it comes to s...
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