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The road to financial independence for today’s youth stretches out farther than ever before, with 41 percent of so-called “sandwich generation” parents continuing to provide at least some financial support to their young adult children, according to the 2010 Families & Money Survey released today by Charles Schwab & Co., Inc. The survey polled adults who have at least one child between the ages of 23-28, as well as at least one living parent.
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Roundtable member companies support small business in many ways each and every day. In addition to providing financing, they purchase goods and services from small businesses, offer financial counseling, provide online resources, sponsor networking activities and much more. Below is a sample of what some Roundtable member companies are doing in their communities.
In April, Bank of the West announced plans to expand small business banking in the West with the addition of 30 new small business bankers to their in California and Colorado, with the goal of adding more bankers in the San Francisco Bay Area, in Southern California and in the Denver area. Bank of the West saw small business loan approvals jump 30 percent in the first quarter compared to the fourth quarter of 2009.
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Amid stories about senior citizens being swindled -- including one today involving a 91-year-old widow, and one three months ago involving an 84-year-old widow who was convinced to marry the swindler in a ceremony in the front seat of his car -- a financial protection outfit today released 15 "red flags" that family members should be poised to spot.
The list below comes from the Identity Theft Assistance Center (ITAC).
From the ITAC's list of red flags:
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