Young Women Leave Jobs for More Money
New York magazine’s Ann Friedman recently offered advice for employers who’d like to attract and retain top female talent: “Pay us enough that if you were to accidentally email the entire office a spreadsheet containing everyone’s salary, you wouldn’t be ashamed.” The column, “One Weird Trick To Keep Female Employees From Quitting,” highlighted a psychological effect of wage disparities: They’re a real morale killer. Friedman cited a...
Money Talk: Mind the GAP Coverage Limitations
Question: In 2012, I financed a 2008 Honda at my credit union. The car was priced at $16,500. With a trade-in, the loan came to $22,000. Guaranteed Auto Protection coverage, or GAP, was factored into the loan payments, which were $464 a month. Last year, the car was wrecked and deemed a total loss by the insurance company. They paid the “book value” of $8,860 to the credit union. However, $6,000 remained on the loan. The GAP coverage...
Born at the Right Place, Right Time
Washington — What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100? If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40, your odds are low: 1 in 55. In the last 25 years, the odds that an old person is a millionaire have improved slightly. But for young people, they have...
