Tag

Financial Responsibility

All articles tagged with #financial responsibility

finance1 year ago•1 min saved

"The Dawn of the Richest Generation: Massive Wealth Transfer Unfolds"

A report by Knight Frank predicts a transfer of $90 trillion in assets from boomers to millennials over the next 20 years, creating the richest generation in history. Despite facing challenges such as the 2008 financial crisis and decreased purchasing power, millennials are expected to have five times more wealth by 2030. The report also highlights millennials' fiscal responsibility and their belief that prior generations have created obstacles for them. Additionally, it now takes $5.8 million to join the top 1% of earners in America, a $700,000 increase from the previous year.

via The Daily Hodl|

#finance #financial-responsibility #generation-wealth

personal-finance2 years ago•1 min saved

The Risks and Rewards of Buy Now, Pay Later Services

Buy now, pay later services are gaining popularity as an alternative to credit cards, but using them requires caution and self-control. While they can be helpful for consumers living paycheck-to-paycheck who need a larger rainy day fund, it is important to understand the terms and not overextend oneself. These services provide an opportunity for consumers to potentially overspend if they lack self-control.

via The Wall Street Journal|

#buy-now-pay-later #consumer-behavior #credit-cards

personal-finance2 years ago•2 min saved

Guy Fieri's Sons Must Earn Degrees to Inherit Fortune

Celebrity chef Guy Fieri has revealed that he plans to "die broke" and will not leave his fortune to his two sons, Hunter and Ryder, unless they each earn two college degrees. Fieri, who has amassed a significant fortune from his career, wants his children to understand the value of hard work and financial responsibility. While his youngest son expressed some resistance, Fieri remains firm in his decision. He has also given the same advice to his nephew, Jules, who is currently pursuing a law degree. Fieri's eldest son, Hunter, is working towards an MBA and recently got engaged.

via Yahoo Entertainment|

#college-degrees #family-values #financial-responsibility

politics2 years ago•3 min saved

Apple Tree West Location to Stay Open Despite Closure of Other Childcare Centers

South Dakota Governor Kristi Noem stated that it is not the government's role to directly subsidize child care for families, emphasizing that parents are responsible for their children. Noem's comments came amidst the closure of several child care centers in Sioux Falls, leading to a decrease in licensed child care spots. The cost of child care in Sioux Falls is considered unaffordable for many families, with a family needing to make over $163,000 to afford it at current tuition rates. South Dakota lacks state funding for early childhood education or child care. Noem believes that helping parents earn higher wages is key to affording child care and has allocated tens of millions of dollars in grants to child care providers.

via KELOLAND.com|

#affordable-child-care #child-care #financial-responsibility

politics2 years ago•3 min saved

"Biden's Daughter Faces Tax Troubles: Thousands Owed, Lien Documents Reveal"

Ashley Biden, President Biden's daughter, reportedly owes $5,000 in income taxes dating back to 2015, according to tax lien documents obtained by Fox News. The lien, issued by the Pennsylvania Department of Revenue, indicates that the unpaid taxes are a lien on Biden's property. Ashley Biden and her attorney have not responded to requests for comment. Critics argue that this is another example of the Bidens' alleged financial carelessness, despite President Biden's emphasis on wealthy individuals paying their fair share.

via Yahoo News|

#ashley-biden #biden-family #financial-responsibility

personal-finance2 years ago•5 min saved

The Dilemma of Financial Independence: Parental Support vs. Personal Responsibility

A reader gave their son $16,000 as a gift during his divorce eight years ago, but now their husband wants him to repay it. The columnist advises determining whether the money was intended as a gift or a loan, and if it was a loan, creating a manageable payment plan. However, if it was a gift, the reader should consider the impact on their son's financial future and the potential consequences of not discussing the decision with their husband. Ultimately, the reader should make a decision based on what they believe is fair and seek open communication with both their son and husband.

via Business Insider|

#communication #family-relationships #financial-responsibility