The number of women-owned businesses is on the rise. Four in 10 companies in the U.S. are now majority-owned, operated, and controlled by women, according to CNBC.
The Wall Street Journal reported that US companies are raising prices on their products after years of low inflation. Food makers, manufacturers, and airlines are among the firms that have announced price increases.
According to the Stanford Center on Longevity one-third of baby boomers had no money saved in retirement plans in 2014, when they were on average 58 years old. Among boomers with positive balances, the median savings was around $200,000.
One-third of homeowners over the age of 65 were still paying off a mortgage in 2012, compared with less than a quarter of people in 1998 — and the median amount they owed nearly doubled to $82,000 from $44,000. (Stanford Center)
The number of people aged 60 and older with student debt quadrupled between 2005 and 2015, to 2.8 million from 700,000. (Stanford Center)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.