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Wealth Management

Teach Children to Save Turns 22!

More than 9,850 bankers hosted financial education events across the country in celebration of Teach Children to Save day this year. Since 1997, the American Bankers Association Foundation’s financial education initiatives have reached 10.5 million young people with the help of more than 260,000 banker volunteers.

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Is Winning the Lottery a Reasonable Retirement Plan?

Millennials aren’t ruling it out — by a long shot.

Many Americans fail to benefit from the booming stock market because they think they lack the money and — more importantly — the know-how to invest, according to recent research from New York-based STASH, a consumer investing app. Moreover, a disturbing number of U.S. consumers are willing to gamble their retirement on a lottery win in the place of a sound investment strategy.

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6 Tips to Offer Your Customers to Spring Clean Their Finances

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Millennial Use of Chat Apps to Reach Wealth Managers Increases in Asian Markets

Almost 40 percent of millennials in Asia-Pacific were contacting their wealth managers via a chat application in Q2 2018, a 10 percentage point increase since 2017, says GlobalData, a data and analytics company.

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It’s 2019, and Americans Are in More Debt Than Ever Before

Consumers racked up $67 billion in credit card debt during 2018, sending outstanding debt to an all-time record high, according to WalletHub’s latest Credit Card Debt Study.

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