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Financial independence is a state where an individual or household has accumulated sufficient financial resources to cover its living expenses without having to depend on active employment or work to earn money in order to maintain its current lifestyle. [1]
The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.
“The Relation of the United States Treasury to the Money Market.” American Economic Association Quarterly, vol. 9, no. 1, 1908, pp. 199–211. online; D. Kinley, The History, Organization, and Influence of the Independent Treasury of the United States (1893, repr. 1968) and The Independent Treasury of the United States (1910, repr. 1970);
Being "financially independent" can be defined in a number of ways, but generally speaking, it means not relying on others to meet your financial obligations. While the majority of Americans (67%)...
The Financial Independence, Retire Early movement, or FIRE, is a group of people trying to gain financial independence by amassing enough wealth and cutting their expenses so that they can retire ...
A whopping 92% of financially independent Americans say they didn’t feel that way until they hit 36.
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
German reunification in 1990, with the democratic West absorbing the ex-Communist East. The dissolution of the Soviet Union in 1991, replaced by a friendly Russia and 14 other countries. Except for Tiananmen Square in China, all the events strongly favored the United States. Bush took the initiative in the invasion of Panama and the START treaties.