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Half Of Workers Expect To Work Past 70 As Financial Strain Intensifies

Allwork

Retirement is moving farther out of reach for most workers as nearly half of employees report living paycheck-to-paycheck and the number of people who expect to work past 70 skyrockets. The 2024 Global Benefits Attitudes Survey , published by WTW, surveyed 10,000 U.S.

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Women Boost Economy As Employment Rates Rise

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Strong employment rates among prime-age Americans are essential for state finances, and recent trends show a significant increase in women’s contributions to the workforce. Although the COVID-19 pandemic disrupted employment trends, with a notable drop in the share of working prime-age women in 2020, recovery has varied by state.

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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

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7 Apps to Teach Kids About Money

Success

The days of working hard to earn a buck aren’t exactly gone, but the personal finance landscape is certainly more complicated now than it was a few decades ago. A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less.

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Impending Recession Or Not, Use These Professional Tips To Prepare For Financial Turbulence

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The onset of the 2020 pandemic triggered what seemed like a brief yet severe recession. This can affect wealthier individuals more acutely due to decreased portfolio values, but it also impacts pension funds and retirement accounts, which can impact the broader population.

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Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

Success

By 2020, we’d both become full-time entrepreneurs and today, we’re well on track to fully replace our old job salaries by 2022 if not sooner. Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. Open and start funding a brokerage account.