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Baby Boomers are holding onto their wealth longer than expected, rather than passing it down as inheritance to their children. Recent reports show that the “Great Wealth Transfer,” which was predicted to see boomers passing down billions of dollars to their Millennial and Gen Z children, is taking a different turn. Every day, around 12,000 … Read more
Many U.S. parents are sacrificing their own financial stability to help their adult children succeed. A recent survey from Bankrate found that nearly 70% of parents with kids aged 18 or older have made at least one financial sacrifice. The most common? Tapping into emergency savings. Over half of surveyed parents admitted to using their … Read more
In Sacramento, a man named Hamza, currently incarcerated, has made a remarkable gesture by offering assistance to Gazans facing crisis. Despite serving a 40-year sentence resulting from a tragic incident in his youth, Hamza managed to contribute $17.74 this past week. Justin Mashouf, a filmmaker based in LA and a correspondent of Hamza’s, shared this … Read more
In the quiet corners of our homes, we all have that spot where letters and receipts gather, waiting for the right moment of attention. For 68-year-old Jimmie Smith, this spot happened to be an old shirt hanging in his closet, harboring a trove of unchecked lottery tickets. “I always told myself, ‘I’ll check them when … Read more