Press Release

 

 

FOR IMMEDIATE RELEASE

Contact: Barbara Bolcavage

1-866-333-1905

womenofaca@gmail.com

 

Women, Wellness & Wealth Conference

                                                                                                                                                    

District of Columbia, August 18, 2016 – The women of American Classic Agency are hosting a Women, Wellness & Wealth Conference, at Harborside Hotel, (formerly Clarion Hotel) National Harbor, 6400 Oxon Hill Road, Oxon Hill, MD  20745 on Saturday, October 1, 2016,  at 9:00 am to 1:00 pm (registration starts at 8:30)  It’s free, fun and educational.

 

Our mission is to educate women of the local community on how to regain control over their finances and how to build their financial house from foundation to the rooftop and enjoy the “Pleasure of Walking Tall.” 

 

Statistics show 2 things very clearly:

 

  1. Women are increasingly taking over the financial helm of their households at staggering rates caused in part by single parent households and part by the sharp rise in unemployment.

 

·         In nearly a third of U.S. households, women are the sole or main breadwinners for their families

·         Approximately 84% of custodial parents are mothers

·         In the first five months of 2009, 5.4 percent of working wives had an unemployed husband at home - that is, a husband who was actively searching for work, but could not find a job - compared to an average of 2.4 percent over the first five months of 2007, more than double the number of unemployed husbands in 2009. This means that there are 2.0 million working wives today with an unemployed husband

 

  1. The disparity between rich and middle class is stretching and the gap between middle class and poor has become razor thin.

 

    • 61% of Americans “always or usually” live paycheck to paycheck, which was up from 49% in 2008 and 43% in 2007
    • Only the top 5% of households have earned enough additional income to match the rise in housing costs since 1975
    • A staggering 43% of Americans have less than $10,000 saved up for retirement
    • For the first time in US history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together
    • 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans

 

In 2008, about half of the black households in the county made more than $75,000 a year, more than a quarter had four-year college degrees and unmarried women far outnumbered their married counterparts.

 

With women charged with a bigger burden of earning the bacon, paying the bills, planning for their children’s college tuition and also their own retirement, it can seem daunting without a comprehensive map in place to guide through the pitfalls that snare many in the middle class.

 

The Women’s Wealth and Wellness event was designed to unmask and demystify financial principals every working American needs to understand so they do not become prey to outdated and unproven financial advice:  Investing vs. Saving for Retirement; Lack of Income Protection during emergencies; Saving money in unfavorable Tax accounts that ultimately create negative savings; and Taking on the risks of investing before getting properly educated and most importantly shoring up a strong financial foundation to support possible loss.

 

Fallacies Revealed:

 

1.   You don’t have to risk loss of principle to make strong gains in the market.

 

2.   You don’t Invest for Retirement, you Save for Retirement.

 

3.       How the wealthy and connected, like Fed Chair Ben Bernanke actually grow and protect their money.

 

4.   How to bullet proof your finances once and for all.

 

 

 

To attend this event you must register in advance.  Visit www.womenofaca.com today.

 


 
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