The share of income going to the top earners in America has been climbing for decades, resulting in divides between people at different income levels. In 2015, the top 1% of earners had an average income 26.3 times higher than that of the bottom 99%. Some social justice advocates believe that such large disparities are unjust and run contrary to the ideal of equal opportunity.
Getting ready for a road trip and realizing you don't have enough space in your car for everything and everyone can put a damper on things.
If you've outgrown your car, it may be time for a new set of wheels. Depending on your situation, you may decide to do a trade-in or private sale. Each of these options has its own pros and cons, and the difference in value between them can be substantial. Here's how to decide which is right for you.
Used cars are rarely in perfect condition, so it probably won't come as a surprise if you shop for a used car and find out that it needs its paint touched up or a tire replaced. But what if it needs more extensive repairs? Doing some research before you buy and negotiate the car's price can help you avoid unexpected bills and get the best deal. Here's how to shop for a used car that needs maintenance.
If you need to borrow money, you've likely done some research on the types of loans available. You've probably found that taking out a personal loan or using a credit card comes with a fairly high interest rate. However, it's possible to borrow at a lower rate if you use your home equity as collateral. The two main options for borrowing against home equity are a home equity loan and a home equity line of credit (HELOC).
Thoughtful borrowing is one of the top means to contribute to your financial wellness and help you reach your goals. But, before you borrow, take some time to learn more about the loans that are available. To ensure that you're making the best decision for your needs, compare your options for the long and short term. Everyone's finances are different, so your ideal borrowing decision will probably differ from others.
Just as there’s health insurance to cover medical expenses for people, you can buy pet insurance to cover unexpected veterinary bills for your furry friends. But you may be wondering, “Should I get pet insurance? Is it worth it?” Learning about the potential costs of veterinary care and the benefits of insurance can help answer these questions.
Pet insurance can be a lifesaver if your pet ever needs hospitalization or surgery.
Building credit and staying on top of your finances can come with some challenges, and those challenges are different for everyone. You have your own credit personality, which means that there are strengths and weaknesses in how you approach borrowing. Take this quiz to learn your credit personality and what it means for your finances.
Picture this: you've fallen in love with a house — the cozy fireplace, the welcoming front porch, and the cute kitchen. The offer was accepted, and now all that's left is the mortgage closing process to finalize the purchase of the new home.
While this requires some planning and paperwork, a mortgage advisor can help you understand the process and stay on track.
You're paying off your student loans — but are you paying more than you have to? If you're paying the same interest rate (or higher) than when you took out the loan, refinancing could help you save money on interest payments.
When you refinance student loans, you're generally taking out a loan with a different interest rate and payment terms from your previous loans.
It’s sometimes taken for granted that corporate directors are seasoned professionals serving on boards in the final decade or two of their careers. But as shareholders and other engaged parties call attention to a lack of gender and racial diversity in the boardroom, the issue of age diversity within boards is also moving to the forefront.
In terms of directors’ ages, boardrooms don’t look like the general population. Is that a problem?
The term “impact investing” was coined a little over a decade ago to describe an investment strategy intended to bring about not only social or environmental impacts but also financial returns. Since then, the movement has helped shape the conversation about the future of finance. But impact investing still faces many challenges that require strategic solutions.
Research shows that most venture capital funding goes to white male founders. According to Pitchbook data, in 2017 only about 2% of venture capital funding went to startups with exclusively female founders. Another study showed that just 13% of companies owned by minorities and 4% of companies owned by women are awarded venture capital.
Those hoping to promote diversity and entrepreneurship are likely to find these numbers concerning, especially since founders from underrepresented communitie...
The Paris Agreement has called for reining in greenhouse gas emissions to limit the rise in the earth’s temperature and mitigate climate change, but so far the global economy remains largely dependent on fossil fuels. One recent study estimated that if the world does not begin transitioning to renewable energy by 2035, meeting Paris Agreement goals will be virtually impossible. In this scenario, shareholder engagement aimed at putting oil and gas companies on a path toward sustainable energy ...
You may already be enrolled in a 401(k) plan through your job, but are you ready to adjust your financial plan and invest beyond your retirement account? The answer is different for everyone. Whether this is a good time to invest or not depends on your situation and where you are on your financial journey. Although the right time to invest is a personal decision, there are some general guidelines that can help you figure out if you're ready to start exploring the next steps.
Ideally, money that you put into a 401(k) is supposed to stay there until you retire. The IRS imposes a number of restrictions and penalties on early distributions that are meant to dissuade people from pulling their funds out early. Still, the government recognizes that there are times when it's appropriate to tap into that money, and it allows you to borrow from a 401(k) with some limitations.