Author: Arabian Media staff

Between diapers, daycare, extracurricular activities, college tuition, and more, having children is often seen as a financial drain. However, a new working paper from the National Bureau of Economic Research (NBER) suggests a surprising twist: having kids could actually increase your lifetime wealth by more than 23%. The reason? Your desire to leave behind a legacy for your children can nudge you to earn and save more over your career. Beyond saving for retirement, which tends to be a top financial priority, having kids leads parents to make intentional financial decisions that prioritize long-term security for themselves and their children.…

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Many Americans dream of retiring with a million-dollar nest egg —Americans in general think you need about $1.5 million to retire—but the reality is starkly different. Using figures from the U.S. Federal Reserve’s Survey of Consumer Finances (updated to 2022 but released in 2025), only about 2.5% of all Americans actually have $1 million or more saved in their retirement accounts—a figure that might shock anyone used to seeing financial media and their depictions of average Americans amassing enormous portfolio gains in recent years. Among actual retirees, only 3.2% have reached the $1 million threshold. Key Takeaways Only 3.2% of…

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Image credit: Getty Images The twists and turns in US President Donald Trump’s tariff policies have not only roiled global financial markets but also taken investors on a roller-coaster ride. Adding to the uncertainty are tariff-related legal challenges and Trump’s assertion that he will hammer out bilateral deals with trade partners. Read-Trump hits more countries with steep tariffs, markets tumble Last week, the US struck a framework trade agreement with the European Union, halving the earlier threatened rate to a 15 per cent import tariff on most EU goods and averting a bigger trade war between the two allies that…

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