Since 2009, the federal minimum wage has been fixed at $7.25 per hour, with no adjustments for inflation. Over that same period, the value of the dollar has fallen by roughly 17%, according to the Economic Policy Institute. Because of…
Inflation is hitting the U.S. hard — particularly in the area of gas prices. According to AAA, a gallon of gas cost an average of $4.37 nationwide at the start of May 2022. One way to save money on gas…
In 2020, nearly 40 million people got all or part of their monthly grocery bills paid by the government. The Supplemental Nutrition Assistance Program, or SNAP, helps low-income people buy the food they need to stay healthy. The U.S. Census…
Building a diversified portfolio with low-risk investments is important to reach your financial goals, especially shorter-term ones. When the market takes a turn for the worse, you know you have the security of your low-risk investments saving you. You won’t…
Most Americans today are woefully lacking in financial literacy. A 2018 study by the FINRA Foundation found that only one in three Americans could correctly answer at least four out of five questions about simple financial concepts like compound interest…
It’s no big secret that men, as a group, earn more than women. Even though, by law, employers must pay male and female employees the same wage for the same work, U.S. Census Bureau data shows women as a group…
Being poor is a lot of work. You spend 60 hours per week at one or more jobs. You juggle bills every month to cover rent, food, child care, and health care. Sometimes, you can’t pay them all and have…
According to the Bureau of Labor Statistics (BLS), the average American spends roughly eight hours out of every weekday — 40 hours a week — at work. That’s more than one-third of all your waking hours. Given how big a role…
We all like to think of ourselves as rational consumers. When we buy Product A instead of Product B, we think we’re doing it because we’ve carefully weighed the pros and cons – price, quality, and so on – and decided Product…
As an American adult of (ahem) a certain age, I can’t help noticing how much more things cost now than they did when I was a kid. Since the 1980s, the price of a gallon of milk has risen from…
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