Category Archives: Money

Gender Wages

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How much in lifetime earnings does it cost you to be a woman?

That’s a question posed by the National Women’s Law Center, and its analysis was eye-opening.  On average, in America, a woman who is starting her career now will earn $430,480 less than a male counterpart over the course of a 40-year career.  If you happen to be an African American or Native American woman, your earnings will be more than $870,000 less, and Latina women will miss out on more than $1 million in lifetime wages.

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The Best Ways to Buy Happiness

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We all know that money can’t buy you happiness, right?  As it turns out, this is not exactly true.

A recent study by University of Michigan economists Betsey Stevenson and Justin Wolfers, examining data from more than 150 countries using World Bank data, has shed new light on the interaction between happiness and the size of your bank account.  Their first conclusion: the more money you have, the happier you tend to be, regardless of where you are on the income spectrum.  They concluded that multi-millionaires don’t think of themselves as “rich.”

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