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Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences. We also offer a variety of subscriber benefits including webinars and FREE subscription trials to valuable print and online products.
A once-radical proposal to narrow the vast racial wealth gap and other economic disparities is poised to achieve a key milestone in the US: actual funding to put programs in place. Connecticut Governor Ned Lamont and fellow Democrats in the legislature are about to announce a 12-year, $600 million deal to launch a baby bonds program for newborns starting in July. A proposed budget in Washington, DC, under consideration by the City Council also on Tuesday, would restore $54 million for a baby bonds program in the nation's capital. “We are celebrating. It was a little scary at times,” said Darrick Hamilton, the New School economics professor who developed the baby bonds proposal.
More US households continue to struggle to meet expenses now than in the immediate aftermath of the Covid-19 pandemic, when millions lost their means of employment, a Census Bureau survey showed. Almost 38.5% of American homes ??" the equivalent of about 89.1 million ??" face difficulty in paying for usual home expenses between April 26 and May 8, according to the latest Household Pulse Survey. That's up from 34.4% a year ago and 26.7% during the same period in 2021. The Census Bureau collaborates with multiple federal agencies to compile the survey developed during the pandemic to collect data and measure household experiences to help inform federal and state governments. The share of struggling households varies widely by geography.