The first monthly Social Security check was cashed in 1940 for a grand total of about $23. Fast forward to 2019 and the average retired worker gets almost $1,500 a month from Social Security. Nearly nine out of 10 people aged 65 and older receive benefits, making it an essential part of retiring in the
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Ms. Monopoly game. Source: Hasbro The typical 8-year-old probably doesn’t know much about the gender pay gap. Now the topic could come up if she or he plays the new game, Ms. Monopoly. Some critics are skeptical, however, of how helpful those conversations will be. Toymaker Hasbro announced this week the rollout of the board
Saying thank you with cash has always been a little tricky. Although etiquette experts suggest tipping 15% to 20% for most services, some people are more generous than others and many aren’t giving a gratuity at all. Among all diners who leave tips, the average was 19%, according to a study by CreditCards.com. Men also
When it comes to the forecast for your Social Security benefits in 2020, there’s good news and bad news. Your Social Security checks are poised to grow next year; however, the annual increase likely won’t be as much as you got in 2019. That’s according to The Senior Citizens League, which on Thursday released its
On Thursday night’s Democratic debate stage, at least one candidate might mention the idea of supplying you with free cash simply for being a U.S. citizen. So what gives? The concept of universal basic income — generally a set amount of money that all people receive monthly, no strings attached — is not a new
hept27 | iStock | Getty Images More and more college graduates are regretful. A recent survey by Fidelity found 40% of graduates would now make different decisions about their education if they could. Half of college grads polled by Gallup wish they’d studied something else or attended another institution. Graduates’ regrets are mostly financial, Fidelity’s
Donald Trump and Jerome Powell Getty Images Cutting interest rates to zero would throw savers under the bus. Greg McBride Bankrate.com Since the recession, rising rates have paved the way for pay raises and a better return on savings, despite the impact on borrowing costs. And still, interest rates are historically low, which leaves the
Tony Anderson | DigitalVision | Getty Images Some people will do just about anything to buy their first home. Just under 10% of homeowners surveyed by Bankrate.com, a personal finance website, said they took out money from their retirement savings to help cover the down payment and closing costs on their first dwelling. The site
Hero Images | Hero Images | Getty Images Kids can come up with some pretty amazing ideas. In fact, ear muffs, the popsicle and the trampoline were all invented by children. Even Berkshire Hathaway CEO Warren Buffett, who is worth $81.7 billion, according to Forbes, began hustling as a child, going door to door selling
Photo by Troy Aossey via Getty Images While most of the nation’s youngest adults say they learn about money from Mom and Dad, they also think high schools should step up for future graduates. More than three-quarters (76%) of 18- and 19-year-olds say classes about managing finances should be required in high school, according to