It starts with the desire to play NCAA basketball, become a national champion, and improve their chances of getting drafted. Players, such as Jalen Green and LaMelo Ball, forfeited the college route as rules prohibited players from earning money.
by Matin VarshochiCapWay is celebrating women across the nation who are dominating in the finance space. CapWay's article series, Women's History Month: Finance Edition, will highlight five amazing women striving to empower other women in and beyond the finance space.
by Nailah HerbertMany up-and-coming athletes gain mainstream media attention starting in high school. Young people who receive media attention typically obtain various endorsements and an abundance of money by extension.
by Matin VarshochiCapWay is celebrating Black History Month by sharing the entrepreneurial stories of five Black financial influencers, also known as fin-fluencers, who are etching their names in the financial education space.
by Nailah HerbertA recent study was conducted by economists at MIT, the University of California, Berkeley, the London School of Economics, and the University of Cologne. The study results showed that workers of low wages or underpaid wages believe that other workers doing the same work are making similar incomes. More workers would quit or ask for raises if they had access to information about other workers’ wages, claims an Economist at UC Berkeley.
by Viviana VazquezIn a recent study, it was found that members of Generation Z and Millennials were paying more in banking fees. On average, Gen Z pays around $19 per month in banking fees. Millennials spend $16, while Gen X pays around $4, and Baby Boomers pay around $2.
by Viviana VazquezA Uniform Gifts to Minors Act (UGMA) is an investment account for minors, allowing adults to give or transfer assets into the underage person’s account to help them save for college or be financially independent.
by Matin VarshochiMariah Carey has earned over $60 million in royalties from the song “All I Want For Christmas Is You.” Along with earning money in streaming, merchandise, specials, and more.
by Nadia C. VanderhallThe Department of Labor released a report showing that the adjusted number of people applying for unemployment claims is decreasing. The number of people who applied for unemployment benefits was 194,000, making it the lowest number since 1969.
by Matin VarshochiMost people who run out of money each month automatically think their spending habits are the problem. But many people are spending as little as possible and still struggle to make ends meet.
by Matin VarshochiCollege is considered a valuable tool to those who want to secure a job with a great salary and benefits. However, the cost of college tuition increases about 8 percent every year, which means it doubles every nine years.
by Nailah HerbertOvertime Elite (OTE) is a newly funded league that provides high school players an alternative pathway towards achieving their NBA dreams.
by Matin VarshochiA record number of 4.3 million workers left their jobs in August. ‘The Great Resignation,’ as many call it, has continued through the last couple of months, empowering many to resign from their jobs in search of something better.
by Viviana VazquezStatistics show that 78% of retired National Football League (NFL) players go broke within two years of retiring, and 60% of former National Basketball Association (NBA) players go broke five years after retiring.
by Matin VarshochiOn the first episode of First-Gen Money Mondays, host Viviana Vazquez chatted with Gigi Gonzalez, founder of The First Gen Mentor. Gigi is a first-generation American, first-generation college graduate, and first-generation white-collar professional.
by Viviana Vazquez