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Newborn 401(k)? “One Big Beautiful Bill” Proposes $1,000 Investment Accounts for Every Baby in America

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the staff of the Ridgewood blog

Ridgewood NJ, a transformative provision within the One Big Beautiful Bill Act could reshape how the next generation of Americans engages with capitalism—by providing every newborn with a retirement-style investment account.

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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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The Economics of Unused Gift Cards: What Happens to the Money?

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the staff of the Ridgewood blog

Ridgewood NJ, each year, Americans spend billions on gift cards, making them a go-to holiday present. But what happens when these cards go unused? While gift cards are marketed as convenient and thoughtful, their unredeemed balances often translate into a windfall for corporations.

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3 Simple Ways to Banish Financial Stress

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Stress is a common part of everyday life. We experience it when we’re overwhelmed at work, when we’re dealing with common relationship issues, and even when we’re handling unexpected issues, like illnesses and injuries. However, one of the most common sources of stress is money. Whether you’re worrying about paying your bills, or you’re concerned your income isn’t enough to accommodate the needs of your family, financial stress can cause a lot of strain. 

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