Guiding the Way to Financial Freedom
Retirement is emerging as a looming nightmare for the oldest members of Generation X. Despite making up one-fifth of the population, and this generation is silently grappling with the largest wealth gap of any cohort, as revealed in the Schroders 2023 U.S. Retirement Survey. The Retirement Crisis Facing Gen X As Gen Xers, over 65 … Read more
Another high-profile financial figure has stepped forward to warn about the potential impacts of the US trillion-dollar national debt. Cooperman Speaks Out The US is being nudged ever closer to a financial crisis as a result of trillion-dollar debt, according to billionaire investor Leon Cooperman. Interview With CNBC In an interview with CNBC on Tuesday, … Read more
It’s looking to be a good week for Alphabet, as Google’s parent company soars in value on the stock market due to recent announcements for investors. Dividends and Buybacks Alphabet Inc., the parent company of tech behemoth Google, announced on Thursday that it will be issuing its first-ever dividend to investors, as well as authorizing … Read more
Younger generations in the US may not yet understand how much retirement expectations are changing with the economy, according to recent surveys. Economic Turbulence Millennials, who are between 28 and 44 years old, have faced a lot of financial strife as a generation, including recessions, housing crises, and a pandemic that temporarily shut the whole … Read more
The world of billionaires is volatile and subject to rapid changes in fortune. From market crashes to poor investments and changing business landscapes, various factors can cause even the wealthiest individuals to lose their billionaire status. What leads to such dramatic financial reversals, and how do these former billionaires cope with their new realities? #1. … Read more
Sometimes, what’s trending as a sure investment or collectible fizzles out, leaving many to wonder why they jumped on the bandwagon in the first place. Ever wondered about those items that were all the rage but now barely fetch a dime at a garage sale? #1. Beanie Babies Once believed to be a solid investment, … Read more
Deciding whether to use a credit union or bank can be a tricky process, but knowing what features are important to you in a financial institution is a great place to start. Considering Your Options If you’ve ever wondered whether banks or credit unions are a better fit for your money, it’s a good idea … Read more
Drinking habits are having an unprecedented effect on the younger generation’s financial health and vice versa, according to several new studies. Alcohol to Blame According to a new report by online lending marketplace LendingTree, Gen Z are increasingly blaming their drinking habits for their financial struggles, saying that drinking too much alcohol is stunting their … Read more
Rising healthcare costs and the burden of medical debt are not just straining personal finances. They’re impacting health outcomes and quality of life. According to the Commonwealth Fund’s Health Care Affordability Survey, Americans owe $88 million in medical debt. Healthcare Affordability Enters Crisis Stage As Americans grapple with these challenges, healthcare affordability is now a … Read more
The Federal Reserve’s internal watchdog has concluded a lengthy investigation, clearing two former policymakers, Robert Kaplan and Eric Rosengren, of legal wrongdoing in their 2020 personal trading activities. A Thorough Examination Unveiled The report revealed that Robert Kaplan, then president of the Dallas Fed, executed multiple transactions exceeding $1 million during the onset of the … Read more