As the gender pay gap continues to close there is still some hesitation in women when it comes to being confident in their personal finances. Hilary Hendershott, President & Chief Advisor of Hilary Hendershott Financial joins Your Cheddar to discuss how to get your feet wet in investing.
But first, why are women so intimidated by personal finance? Hendershott says it's because money comes with an emotional attachment. Many women don't feel comfortable talking to their friends about their wealth, but men talk about money all the time! She encourages women to be more open about their finances.
Plus, how to build your wealth as a woman. Hendershott says you should shed old ideas about the social norms that come with money. She also says the three big things you should be saving for are: a car, a house, and financial freedom.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
