“Empathy as the basis for action is the key to a better world.” ~ unknown
Our country was built on the American Dream. The ideal that every citizen should have an equal opportunity to achieve success and prosperity through hard work, determination and initiative. Yet for many Americans, this dream is becoming just that, a dream and not an obtainable reality.
An analysis by USA Today shows that living the American dream would cost the average family of four about $130,000 a year. The average American household income according to the U.S. Census Bureau is $53,046. The Economic Policy Institute’s (EPI) family budget calculator estimates the average yearly cost for a family of four living in my hometown of Greensboro, NC to be $62,510.
Due to the constant rise of inflation and wages remaining stagnant it is becoming more difficult than ever for families to pay for the necessities of life. They struggle to pay for lights, water, heating and housing. Many have little to no savings and some are forced to survive on credit putting them further in debt.
Finances are one of the leading stressors in families and in marriages. Not having the means to escape a web of financial debt and insecurity is a daunting feeling. Having financial empathy for our fellow Americans is of great importance, as it affects our society as a whole. It’s not just about creating a stable economy. It’s about social responsibility and the need create a compassionate and caring community in which we can all live.
No Individual should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can only be rendered after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures. Please contact the firm for further information.
“Ranking and/or recognition by unaffiliated ratings services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if the firm is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of the firm by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information voluntarily submitted, prepared and submitted by the recognized adviser.”
“Zuraw Financial Advisors, LLC (“Zuraw”) does not recommend and/or endorse advertising linked to Zuraw’s website or blog posts (WomenMoneyandDivorce.com or ChicksChatandChange.com). Nor does Zuraw make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Zuraw website or incorporated herein and takes no responsibility, therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Zuraw may receive compensation from third parties to advertise on the firm’s website and blogs. Zuraw does not share client’s personal information with any third parties, either affiliated or non-affiliated with Zuraw.”