Chicago, IL

Our Chicago: Tips for women on personal finance and working in trades

Published

2 years ago

March 14, 2022

CHICAGO (WLS) — Up till the passage of the Equal Credit score Alternative Act within the Seventies, a girl’s credit score software could possibly be denied if her husband did not co-sign.

Since then, ladies have turn out to be breadwinners, buyers and extra sure about managing their funds.

New analysis by US Financial institution discovered that over the past two years, the share of ladies who really feel assured they will afford retirement has grown to 57% in comparison with 48% in 2020.

However ladies do have their very own monetary wants and considerations.

“Girls have over time not made almost as a lot cash as males. But on common, they dwell longer than males by a mean of almost 5 years,” mentioned Bartlett Wealth Administration CFA, Director and Senior Portfolio Supervisor Krista Linn. “So we take a look at it because it’s a much more sophisticated course of and the monetary planning turns into not solely only a studying expertise however now we have to guarantee that the revenue that they’ve lives so long as they do.”

Linn mentioned ladies even have extra questions.

“We discover that ladies come to us within the planning course of and so they’re not solely involved about their very own wants however they’re involved about their dad and mom and the price of growing old on this nation. And the healthcare prices. And so they’re involved about their very own wants. And insurance coverage prices. And so they could come to us and speak about their kids and the debt ranges that their children have and the way they will deal with that,” Linn mentioned. “In addition they fear about school prices for his or her grandchildren. In addition they have questions on charitable contributions or ESG investing: Environmental, Social and Company Governance. You already know, they wish to know that their portfolios are being managed with their values.”

Our Chicago Half 2

For our second half, we spoke with Chicago Girls In Trades Advertising and marketing and Communication Director Sharon Latson-Flemister. It is a non-profit that works to make sure that ladies who desire a profession within the trades can have one. She instructed us a number of the high ones that ladies are desirous about embody electricians, carpenters, iron staff and pipefitters. However in line with Chicago Girls in Trades, ladies make up simply 3% of the 220,000 individuals in Illinois who work within the trades. She mentioned being that it’s a profession path, there are specific advantages ladies who work within the trades can obtain.

“Some ladies simply do not know that it is a profession path,” mentioned Latson-Flemister. “The healthcare that you simply obtain, the pension plans and that is actually a profession.”

However she mentioned it isn’t for everybody.

“It must be somebody that claims ‘I wish to step out of the norm, I really like working with my fingers and do not thoughts being outside, ” she added.

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Chicago, IL

2 women found dead in Englewood home after fire, Chicago fire officials say

Published

2 years ago

November 22, 2022

Press Room

2 women found dead in Englewood home after fire, Chicago fire officials say

ByABC7 Chicago Digital Crew by way of

Wednesday, November 23, 2022 3:26AM

FILE photograph: View of the Chicago Hearth Division, the third largest municipal hearth division in america of America, within the Chinatown neighborhood on Sept. 24, 2014.
Shutterstock

CHICAGO (WLS) — Chicago hearth officers mentioned two ladies have been discovered lifeless in an Englewood house after a home hearth.

The fireplace broke out Tuesday night at a home within the 7200-block of South Wolcott, Chicago hearth officers mentioned.

The fireplace was struck out at about 9:10 p.m., CFD mentioned.

After the fireplace was out, firefighters discovered two grownup feminine victims lifeless within the wreckage.

It was not instantly clear if the ladies died within the hearth or earlier than the fireplace. No additional particulars have been launched.

The Chicago Hearth Division has not but commented on any potential causes for the fireplace or mentioned in the event that they consider it was suspicious.

Chicago, IL

3 women united by Highland Park shooting now lobby for assault weapon ban

Published

2 years ago

November 22, 2022

Press Room

3 women united by Highland Park shooting now lobby for assault weapon ban

HIGHLAND PARK, Ailing. (WLS) — Three ladies and their households had been good strangers up till the second tragedy introduced them collectively within the aftermath of Highland Park’s July 4th parade.

As Thanksgiving approaches, they’re united in goal and in gratitude for probably the most primary of all issues: life.

“I believed I used to be going to die,” Highland Park capturing survivor Liz Turnipseed mentioned. “That I used to be going to put there and I used to be going to bleed out and I used to be going to die.”

WATCH | Highland Park capturing survivor tells her story

“I used to be on the parade with my three grownup kids, my son-in-law and my 2-year-old grand child,” mentioned Debra Baum, with the Highland Park Gun Violence Mission. “Our complete household may have been worn out.”

“July third I had 70 folks at my home and the following day our life bought flipped the other way up,” capturing survivor Lindsay Hartman mentioned. “So I simply know for me, I am attempting to take pleasure in it and never spend an excessive amount of time previously.”

SEE ALSO | Highland Park parade capturing short-term memorial opens subsequent to metropolis corridor

For Lindsay, not spending an excessive amount of time previously means internet hosting Thanksgiving for 30. Liz, who was one of many almost 50 folks injured that day, nonetheless wants a cane to get round, so she’ll be catering the meal and having her complete household fly in. Debra shall be coming along with the identical household she was with on July 4.

“There are numerous households in Highland Park that do not have folks with them this Thanksgiving due to what occurred,” Baum mentioned. “It is a very weighty realization.”

However there’s additionally gratitude for random issues and other people, like for the proper strangers who took in Liz’s 3-year-old daughter for a few hours after she was shot. And the neighbor she’d by no means met earlier than who lent her a step stool for her mattress.

Turning ache into goal is what unites these ladies now as they foyer for an assault weapons ban in Congress. As a result of whereas life for them won’t ever be the identical, it does transfer on.

Chicago, IL

Biden to extend student loan repayment freeze as relief program is tied up in courts

Published

2 years ago

November 22, 2022

Press Room

Biden to extend student loan repayment freeze as relief program is tied up in courts

Tuesday, November 22, 2022 8:52PM

WASHINGTON D.C. — The Biden administration is but once more extending the pause on federal scholar mortgage funds, a profit that started in March 2020 to assist individuals who have been struggling financially because of the Covid-19 pandemic, a supply conversant in the plan mentioned.

The Division of Training will announce it’s extending the freeze one other six months with the primary funds due two months after June 30, the supply mentioned, until a Supreme Courtroom resolution on the president’s scholar mortgage aid program comes first.

The administration had beforehand mentioned the latest extension could be the final, and funds have been scheduled to restart in January.

However the administration had additionally meant for its scholar mortgage forgiveness program to start canceling as much as $20,000 in debt for low- and middle-income debtors earlier than January. This system has but to be carried out because it faces a number of authorized challenges.

This story is breaking and can be up to date.