Category: Personal Finance

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The Explosive Rise of Millionaire Households in America

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Once a symbol of luxury, a million-dollar net worth is now average in the U.S. — here’s how we got here

the staff of the Ridgewood blog

Ridgewood NJ, in the past, millionaires were revered — symbols of success, wealth, and sometimes, envy. Today? Not so much. According to the Federal Reserve, the average (mean) net worth of an American household has topped $1 million for the first time in history. With over 22 million millionaire households in the U.S., being a millionaire is no longer rare — it’s practically mainstream.

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Universal Basic Income: New Study Shows More Cash Doesn’t Mean Better Outcomes

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the staff of the Ridgewood blog

Ridgewood NJ, Universal Basic Income (UBI) has gained popularity as a bold anti-poverty proposal supported by many progressives—and even a few conservatives. The idea is simple: provide no-strings-attached cash payments to individuals living below the poverty line. But does it actually work?

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Behind the Interface: What Traders Really Need from Today’s Tech

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Early online trading tools for regular and institutional investors were at best basic. The user experience was characterized by clumsy interfaces, slow data flows, and restricted analytical tools. Fast forward to now, the trading scene is almost unrecognizable. Modern platforms now deliver social trading capabilities, artificial intelligence-powered insights, real-time data, and slick design. However, despite these advancements, not all platforms offer what traders truly desire.

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Death, Taxes, and History: How U.S. Taxation Evolved from 1789 to Today

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the staff of the Ridgewood blog

Ridgewood NJ, April 15th, often dreaded as Tax Day in the United States, echoes a truth spoken more than 230 years ago by Benjamin Franklin: “In this world, nothing is certain except death and taxes.” That statement, made in 1789, still rings true today as Americans navigate a complex and ever-evolving tax system.

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Holy Returns! These Nuns Are Taking on Corporate America—One Share at a Time

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the staff of the Ridgewood blog

ATCHISON KANSAS , Forget picket signs. These sisters prefer stock portfolios. In a plot twist worthy of a Netflix docuseries, a group of Benedictine nuns in Atchison, Kansas is flipping the script on Wall Street—turning holy habits into shareholder activism and corporate accountability.

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Celebrating Financial Literacy Month: Empowering Kids with the “Wesley Learns” Series

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the staff of the Ridgewood blog

Ridgewood NJ, Financial Literacy Month is observed in April in the United States and November internationally, serving as a nationwide call to action to improve financial education and awareness. The month aims to help individuals of all ages—especially children—build strong financial habits and make informed decisions. Across the country, communities, schools, and organizations come together to host workshops, provide resources, and engage in conversations that promote financial empowerment.

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From Idea to Income: Launching a Branded Gaming Platform in 2025

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Building a digital brand has never been easier. However, when it comes to online entertainment, especially in gaming, many still believe that starting out requires a team of developers, years of coding, and extensive industry connections. This belief is quickly becoming outdated.

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Inflation Numbers Lower Than Expected

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the staff of the Ridgewood blog

Washington DC, The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent on a seasonally adjusted basis in March, after rising 0.2 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment.

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Cómo elegir un proveedor de liquidez en Forex: todo lo que necesitas saber

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Toda empresa, ya sea de venta de productos o prestación de servicios, depende de la liquidez para mantenerse en el mercado, o en otras palabras, ser capaz de sacarle alguna ganancia a este o, como mínimo, ser capaz de costear todas las deudas que esta pueda acarrear.

En el trading esto no es muy diferente, ya que se requiere tener algún tipo de seguridad de que una inversión podrá generar algún tipo de beneficio y no será solo una pérdida de tiempo. Por ello, aquí se hará mención de cuatro elementos clave a considerar al momento de elegir un proveedor de liquidez.

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FTC’s Impersonation Rule Marks One-Year Anniversary: Here’s What You Need to Know About Protecting Yourself from Scams

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the staff of the Ridgewood blog

Ridgewood NJ, April 2025 marks one year since the Federal Trade Commission (FTC) implemented its Impersonation Rule—a powerful new tool in the fight against one of the most damaging types of fraud in the U.S.

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Zelle App Shuts Down: Here’s What You Need to Know

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the staff of the Ridgewood blog

Ridgewood NJ, if Zelle has been your go-to app for sending money digitally, it’s time to explore new options. As of April 1, the Zelle standalone app has officially shut down. However, Zelle isn’t disappearing entirely—you can still use it through participating banks.

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The Ultimate Guide to Finding Mortgage Lenders for Homebuyers

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Homebuyers often focus on finding the perfect residence and turn to the bank they use regularly for a mortgage. The bank may not be their best choice, but using it is easier than navigating the pool of lenders to find the right company. The following guide will simplify this process and ensure the right company is selected for a successful home purchase. 

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Investors Are Ditching ESG Funds in Search of Higher Returns

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the staff of the Ridgewood blog

Ridgewood NJ, a new Morningstar analysis confirms what many financial experts have long predicted: U.S. investors are pulling out of ESG funds at record rates in favor of higher returns.

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How Free Markets Shape Fintech and Online Trading’s Future

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Many countries operate a free market economy to drive national economic growth. Although economists suggest that a totally free market does not exist in the world today, its principles influence most business sectors, including fintechs and online trading services.

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JPMorgan Chase CEO Jamie Dimon Calls ESG Proxy Advisors ISS and Glass Lewis “incompetent”

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the staff of the Riderwood blog

Wall Street NY, JPMorgan Chase CEO Jamie Dimon has taken a strong stance against proxy advisory giants ISS and Glass Lewis, calling them “incompetent” and blaming them for pushing progressive ESG (Environmental, Social, and Governance) and DEI (Diversity, Equity, and Inclusion) resolutions that violate fiduciary duty to investors.

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