Personal
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The Current Job Market for New College Graduates: A Critical Analysis
The job market for new college graduates is proving to be a tough nut to crack in the current economic climate. According to a report from the National Association of Colleges and Employers, employers are planning to hire about 5.8% fewer new graduates this year as compared to the previous year. This decrease in hiring…
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The Impact of Inflation on American Families
Navigating Financial Stress Amidst Rising Prices: How Americans Are Coping with Inflation In today’s economic climate, the relentless rise in prices across various sectors has become a defining feature. Inflation has emerged as a significant source of anxiety for many Americans, with a recent CNBC/SurveyMonkey survey revealing that 65% of U.S. adults consider it their…
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Creating Access to Higher Education in Connecticut: An In-Depth Analysis
Connecticut has been making strides in improving access to higher education through various initiatives aimed at reducing the financial burden on students. These efforts are crucial in addressing the significant wealth gap that has persisted in the state for years. The implementation of programs like free tuition for community college students signals a commitment to…
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The Impending Debate Over Trump-Era Tax Breaks: A Closer Look
President Joe Biden’s economic advisor recently highlighted the impending debate over the expiration of trillions of dollars in tax breaks implemented during former President Donald Trump’s administration. Several key provisions from the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire after 2025 if no action is taken by Congress. These provisions…
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Critical Analysis of Roth IRA Conversion Strategies
When considering a Roth individual retirement account conversion, experts advise that timing is crucial. Converting pretax or nondeductible IRA funds to a Roth IRA can lead to tax-free growth in the future. However, the trade-off is the upfront taxes that are due on the converted balance. It is recommended to convert early in retirement when…
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Examining Public Comments on Biden’s Student Loan Forgiveness Proposal
Many Americans have voiced their support for President Joe Biden’s plan to forgive student loans. One individual, a 52-year-old with significant debt from years ago, expressed frustration with the ever-increasing interest rates on their loans. They painted a bleak picture of the future, stating that they expect to die with student loan debt. This sentiment…
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The Truth About the Wealth Transfer: Are Millennials and Gen Z Really Inheriting as much as They Think?
There’s a massive wealth transfer underway as Baby boomers are set to pass more than $68 trillion on to their children. However, recent reports show a growing disconnect between how much the next generation expects to receive in the “great wealth transfer” and how much their aging parents plan on leaving them. The reality is…
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The Future of Social Security and Medicare Funds: Analysis and Projection
The latest report from the Social Security Administration unveiled projections that the trust funds supporting benefits are expected to be depleted by the year 2035. This forecast, one year later than previously anticipated, indicates that 83% of benefits will still be payable even without intervention from Congress to address the shortfall. The improvement in the…
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Empowering Women in Agriculture: The Story of Rebekah and Sarah Alstede
Growing up on a farm in New Jersey, sisters Rebekah Alstede Modery and Sarah Alstede developed a deep bond with the agricultural industry at a young age. Despite the prevailing narrative of farming being a male-dominated field, these young women were determined to make their mark. Rebekah, 24, with a double major in agricultural business…
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The Power of Equity Compensation in the Modern Workplace
Employers are increasingly turning to equity compensation as a means to attract and retain top talent. Stock options are a popular form of equity compensation, granting employees the right to purchase company shares at a predetermined price within a specific timeframe. This is designed to create a sense of ownership and motivation among employees, especially…