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AICPA President and CEO Barry Melancon, CPA, CGMA, announced his plans to retire from his role on Dec. 31, 2024. A strong supporter of the MICPA, Barry has shared profession insights and updates with Michigan CPAs and students for roughly 30 years. Join us as we share our gratitude for Barry’s dedication to the profession and celebrate his many contributions to the success of CPAs across the country.
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The American College of Financial Services recently released its latest study on the preparedness of America’s retirees. It was not a pretty sight.
The conversation surrounding financial literacy is expanding as the overwhelming majority of workers (77%) are interested in employer provided financial wellness programs, Harvard Business Review reports.
According to the FTC, “consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.”
Changes in interest rates impact a majority of people because individuals are generally borrowers or savers. For borrowers, rising interest rates mean more discretionary income is paid to financial institutions in the form of interest expense, on short-term loans such as credit card debt.
Money talks, so the saying goes, but rarely is it considered appropriate to talk about money. Whether it is among friends, family or between colleagues, discussion of personal finances has long been taboo, leaving many to experience what is referred to as money shame
Investing is important for retirement, building wealth, and beating the corrosive effects of inflation. TikTok, YouTube, Google, and family gatherings are packed with advice on how to invest.
Not unlike a cover letter for a resume, the scholarship application letter can help set candidates apart by demonstrating both worthiness and need for the financial assistance.
Despite falling inflation rates, many Americans are still feeling the aftershocks of post-COVID inflation, marked by consistently rising prices and shrinkflation. Among those rising prices is the cost of rent, NerdWallet reports, with monthly prices averaging 29% above pre-pandemic rates.
As one starts their career, it is often quite difficult to look into the future from a financial point of view. There are too many day to day expenses that easily swallow up one’s earnings. However, starting early is often the best way to ensure financial success in the long run.