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David Thibodeaux

A Focus on the New Threat of Inflation

$1.9 trillion in economic stimulus on top of $2.9 trillion in 2020. Will almost $5 trillion of economic stimulus - printing money - reignite inflation, and if so, what can we do about that? When I came to the United States in the Fall of 1979, with $200, inflation in the United Kingdom was 13.4%. Down from a high of 24% in 1975. Things weren't much better here, though. In fact, in 1980 inflation hit 13.5%. Now, 13.5% can chew up two hundred dollars pretty darn fast. Paul Volcker, who was put in charge of the Federal Reserve by Jimmy Carter and retained, in his wisdom, by Ronald Reagan when he was elected, broke the back of inflation. He did it in the 1980s through significant interest rate hikes. He took the Fed Funds Rate up to 20% in June of 1981. Prime rate of 21.5%. Can you imagine a...
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Women and Wealth: Taking Charge of Your Finances

When it comes to financial planning, women are likely to face different challenges than men. For one, they earn less than men on average, and they’re more likely to work part-time jobs or take time away from their careers to raise children and care for family. Time off and lower lifetime income means women face unique financial planning challenges. Here’s a look at some common financial issues women face and strategies to address them. Less income means less money to devote to savings On average, women earn just over $0.80 on the dollar compared to men, leaving them with less money available to pursue financial goals, like saving for retirement. If you work in a job that offers a retirement plan, such as a 401(k), be sure to save as much as you can. The tax advantages of these accounts can help boost your savings potential. If your employer offers...
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