Andrew Jackson out, Harriet Tubman in on the $20 bill?

Pretty soon, we may be seeing a new face on the old, familiar twenty-dollar bill, thanks to the efforts of a campaign called Women on 20s. Since 1920, the likeness of President Andrew Jackson has graced the twenty, but the movement to replace him with a famous woman from American history has picked up steam – catching the attention of the White House and Congress. They’ve even voted on the most suitable replacement and Harriet Tubman was the top ...
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Right now is the best time in history to refinance for many homeowners…but if they wait, they’re sure to lose out.

A recent report published by the Washington Post revealed that 20 percent of American households with mortgages – about one million of them – are eligible and would benefit from refinancing in today’s low rate environment, but have failed to do so. The failure of homeowners to take advantage of a potential savings via refinancing – an estimated $45,000 average savings over the life of each loan – is something that’s leaving economists scratching their heads.

But there’s one thing for ...

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10 Statistics that show we have a long way to go to truly understand credit, debt, and personal finance.

1. According to the National Foundation for Credit Counseling, 60 percent of American adults had not reviewed their credit score and 65 percent had not reviewed their credit reports within the previous 12 months. Only 29 percent of adults had reviewed both their credit report and score in the last year, or just over 1 in 4.

2. The same study found that 54 percent of respondents erroneously thought that their credit scores could be found on a standard credit report.

3. ...

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Kardashians, presidents, and ping pong players; 10 factors that determine our pay.

Let’s take a look at the bank accounts and pay stubs of three prominent people in America. One works for a good company, has a college degree, works almost 50 hours a week if you add in commuting and overtime, and makes $49,000 a year. The second person has probably the most important job in the country, works 20-hour days for four year spells at a time, and earns about $400,000 every year. The third person doesn’t really work at ...

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The bottom line on tipping.

Pete Wells, a renowned restaurant critic for the New York Times, recently called for the end of tipping, setting off a firestorm of debate and diverging opinions. Has the practice of leaving gratuity for good service grown out of control? Are you obligated to tip only for good service? Or has tipping become a mandatory social contract? Should we indeed abolish it all together? But what about the waiters, waitresses, delivery people, and 70% of our American working force ...

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15 facts about wealth and income inequality in the U.S. that will shock you.

The richest people in the United States are getting richer at an alarming rate, while the middle class and poorest families are losing ground on both wealth and wage inequality. The wealth gap has gotten markedly worse since the recession and especially the recovery, so much so that we’re at levels not seen since the Great Depression.

Those are the findings of prominent economists like Emmanuel Saez and Gabriel Zucmanm, respected organizations like the Pew Research Center, and credible studies like ...

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Your Student Loan Repayment Study Sheet.

What are student loans costing us?
Student loan debt has exploded over the past few years, from a total of $579 billion in 2008 to $1.02 trillion at the end of 2013.  This near double of student loans over only a 5-year period accounts for the majority of consumer debt increase over that same period.  By most recent estimates, about 70% of all college students take out student loans and owe money at graduation, with the average price tag a ...

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The skyrocketing cost of higher education.

Higher education has a bigger price tag than ever – far outpacing our rise in income – and it’s distancing a lot of lower and middle class families from the hopes of sending their kids to college or university.  That’s the consensus of new data published by the reputable think tank, the Pew Institute, among others.  But just how high have college costs soared, how are we still paying them, and why?

What’s not under dispute is that higher education still pays off ...

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45 Reasons why the American middle class is an endangered species.

In 1964, President Lyndon Johnson declared a War on Poverty in his famous state of the union address, as he looked to strengthen and expand the prosperous middle class, a benchmark of the American dream. Programs like job training, social security, Medicare, and investments in education worked well. But in the last few decades, deregulation, corporate empowerment, and new economic policies resulted in a stagnation of middle class growth. However, even the most gloom-and-doom economists anticipated what’s happened to ...
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10 Ways to get that raise you deserve!

Although your work may be enjoyable and fulfilling, the real reason we’re all going to the office is to get a paycheck. The reality is that today’s business climate is more competitive than ever, as companies try to stay profitable, often giving their employees more responsibilities or downsizing to achieve that. In fact, in 2014, the average base salary pay raise has only been 3%! Despite that sobering news, there’s no reason you can’t get the raise you want and ...

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