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Artificial intelligence “substantially reduces wage inequality while raising average wages by 21 percent,” according to a new working paper co-authored by an assistant professor at Stanford University.  The paper released this week by Lukas Althoff, titled “Task-Specific Technical Change and Comparative Advantage” and written alongside Hugo Reichardt, an affiliated professor at…

Dmitrii Marchenko/GettyImages Key takeaways With a Roth IRA, you contribute money without getting an up-front tax break (unlike a traditional IRA, which offers a tax deduction in the year you contribute). The tax break comes later: You can withdraw your money tax-free in retirement. Ideally, you keep your money in…

Vladimir Vladimirov/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Under the Equal Credit Opportunity Act, lenders are prohibited from discriminating against applicants because of their age. As a result, older people — like those in other age groups — generally can get mortgages and other home loans if they meet…

The Trump administration said it plans to eliminate kickbacks involving pharmacy benefit managers (PBMs) as part of its goal to lower health insurance for Americans.  The framework, dubbed the “Great Healthcare Plan,” is aimed at lowering drug prices and insurance premiums while holding large insurance companies accountable and increasing price…