Month: February 2021

getty Here’s the problem. According to a 2019 paper by the Employee Benefit Research Institute (EBRI), the median tenure of all wage and salary workers ages 25 or older is only about five years. Don’t blame the gig economy. EBRI says this tenure has remained relatively constant over the past 35 years. That’s well before
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1960’s US postage stamp honoring Thoreau. getty One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it sums
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What is financial literacy? Diane Morais, president of consumer and commercial banking products at Ally Bank, described financial literacy as the ability to understand and effectively use financial skills such as personal financial management, budgeting and investing. “Financial literacy for kids is about ensuring that your child is educated on the best way to manage
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A teacher awaiting retirement getty A round-up of reports across the country. Florida: ending pensions for new employees? From Tampa Bay Times, “After years of discussions about the tricky issue of overhauling Florida’s retirement system for government employees, a Senate committee this week approved a proposal that would shut future workers out of a traditional
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Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from its market-making operation. Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under scrutiny from Congress about their role in last month’s GameStop mania. “I think
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Sarah Casillas | DigitalVision | Getty Images A new coronavirus relief bill could give millions of Americans $1,400 stimulus checks. Congress is poised to pass the legislation in March, at which point individuals and families could see the money in the following days or weeks. But as negotiations continue, one argument has surfaced: Is the
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Haylie McCleney #28 of Team Piancastelli celebrates with her teammates after their win against Team Ocasio during the final weekend of the Athletes Unlimited softball league at Parkway Bank Sports Complex on September 28, 2020 in Rosemont, Illinois. Quinn Harris | Getty Images Athletes Unlimited (AU) co-founder Jon Patricof told CNBC this week that Hyperice
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