It's that time of year again when most Stellantis (formally Chrysler) employees will be eligible to receive their annual profit-sharing check on March 7, 2025. This year, approximately 38,800 U.S. hourly workers will receive up to $3,780 in profit-sharing. This is a major annual event for most Stellantis employees.
General Motors employees will be eligible to receive their annual profit-sharing check in February. This year, approximately 45,000 U.S. hourly workers will receive up to $14,500 in profit sharing. Here are the 4 steps you should take once you receive this check.
Many moons ago, I was a Personal Finance Planning major at Central Michigan University. I distinctly remember in the Spring of 2012, my finance class had a competition amongst my peers to see who could make the most money in a trading simulation system. At the time, gold was trading at all-time highs. It was the “hot” asset class that was outperforming everything else. The code was cracked (buy gold), and I was destined to be the top performer. Alas, it was not to be, but it got me thinking. With all of the recent headlines of gold hitting all-time highs and the infatuation from the consumer: Is gold really an asset class for the long term?
You work hard to keep your body fit and healthy. Regular exercise, dieting, annual physicals, doctors visits and perhaps even taking supplements are all a part of your physical fitness plan. But are you giving the same attention to your financial fitness? For many people, personal savings and retirement planning are not made a priority like they should be. I could argue that your finances are just as important as your physical health. Here are some things to consider about your financial fitness:
Ford Motor Company employees will be eligible to receive their annual profit-sharing check on March 14th. Here are the 4 steps you should take once you receive this check.
Stellantis employees will be eligible to receive their annual profit-sharing check on February 29th. As a result, approximately 40,500 U.S. hourly workers will receive up to $13,860 in profit-sharing. Here are the 4 steps you should take once you receive this check.
Everyone most likely is aware of the State Farm commercial, with the older gentleman holding a fishing pole with a dollar attached to the hook. People try to pick up the dollar and it is quickly jerked away and they say, “you gotta be quicker than that!” If not, here is a viral meme from the commercial.
It is not a secret that the prices of goods and services have increased substantially over the past year. We see it in our daily lives, whether at the grocery store or browsing Amazon.com in search of our familiar vices. As some of you know, this steady increase in the prices of goods and services is due to inflation (in most cases). According to the United States Bureau of Labor Statistics, year-over-year inflation currently sits at 4.93% for the 12 months ending April 2023. This is based on the ‘all items’ consumer price index, which includes food and energy. However, should all price increases be attributed to an increase in the consumer price index? The answer is no, and here’s why: