The Employee Retention Credit: Businesses may be missing out on dollars
As businesses continue to recover from losses during the pandemic, some may be missing out on money they are entitled to get back from the government through a credit against the employment taxes they pay. The Employee Retention Credit (ERC) is an $80 billion tax program. “It was really designed to give employers money back to […]
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Here’s the average net worth of Americans ages 55 to 64
Net worth tends to increase with age as you earn a higher salary, own more assets and reduce debt. Here’s the average net worth of people in their 50s and 60s. The median household net worth in the U.S. is $121,700, but it’s almost double that for those in their late 50s and early 60s. According to […]
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Financial Literacy Group LLC, Launches Affordable Digital Hybrid Financial Wellness Solution called Betterment Inc.
Betterment Inc., is a customizable technology driven, digitally integrated financial wellness solution that is a catalyst for improvement in workplace culture. This hybrid financial wellness solution educates, informs, engages, and equips each employee with the knowledge and tools they need to take control of their financial future. Betterment Inc., is a progressive financial wellness solution that makes […]
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Experts Anticipate Upcoming Financial Education
President-elect Joe Biden’s win renews hope for financial wellness strategies in the future, and such changes could come with possible requirements for employers, employees and advisers. With a new president coming into office in January, it’s time to focus on financial wellness education, industry experts say. President-elect Joe Biden has outlined plans for taxes, retirement planning and […]
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The Wealth Gap
How big is the gap? The wealth Gap – It’s staggering. The net worth of a typical white family in 2016 — including home, retirement accounts, and all assets — was nearly 10 times greater than that of a Black family, at $171,000 to $17,600. This gulf even includes African Americans whose households are headed […]
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Financial Literacy Group LLC Launches a Financial Literacy App
Financial Literacy Group LLC launches the Debt2Wealth App. It guarantees to pay off a 30-year mortgage in 5-7 years, without extra payments. The Debt2Wealth app is a financial GPS that directs the user to pay off their 30 year mortgage in 5-7 years, without making extra mortgage payments. Consumers who use this smart debt elimination […]
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Most Americans Are Not Financially Literate
Most Americans are Not Financially Literate – The proof is in the studies – more than 66% of American’s can’t pass a basic financial literacy test. Can you pass a financial literacy test? The test asks 5 questions about basic finance, questions that every adult should know. The topics cover things like debt interest, inflation, […]
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Financial Literacy for African Americans
Financial Literacy for African Americans – The corona virus crisis has exposed some real gaps in our democracy, in our politics and the legal system. This is demonstrated by the current events in Minneapolis, MN. Minorities, especially African Americans have been hit hard by the virus itself, however the economic or the financial impact is […]
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