In his recent address at Mother Emanuel AME Church in Charleston, South Carolina, President Biden lauded the strides made in bolstering Black wealth and economic mobility. While his remarks showcased optimism, experts argue they failed to paint a complete picture of the ongoing struggle to close the racial wealth gap. According to Lenwood V. Long, […]
Author: Joe Lysikatos
U.S. Debt Hits $34 Trillion, Experts Warn of Severe Economic Threats
Prominent economists have issued a dire warning about the state of America’s debt if left unchecked. Here’s the full story. National Debt’s Dire Trajectory The Government is amassing too much debt, according to experts from the Federal Reserve, JPMorgan Chase, Bank of America, and Blackrock – to name but a few. The Economic Toll of […]
9 Assets to Safeguard Finances Amid Economic Uncertainty
Worried about the future? Here are nine potential resilient assets that could help you weather the storm and thrive during a financial crisis. Economic Forecast According to a recent survey from the National Association for Business Economics, 76% of economists believe that the USA’s chance of entering into a recession in 2024 is 50% or […]
Global Wealth Gap Widens as Billionaires’ Fortunes Skyrocket by 114%
Oxfam International has issued a stark warning that the world could witness its first trillionaire within the next ten years. The anti-poverty organization, known for shedding light on global economic inequalities, unveiled this alarming prediction in its annual assessment coinciding with the World Economic Forum’s gathering in Davos, Switzerland. Oxfam’s Stark Warning Oxfam contends that […]
Economic Optimism Grows for 2024, Recession Fears Ease Among Experts
A series of favorable indicators, coupled with encouraging data, has reshaped the narrative, painting a picture of resilience and potential growth in the months ahead. Wells Fargo’s Revision Wells Fargo, a leading financial institution, made a noteworthy adjustment to its predictions after a week of pivotal economic data. Following the revelation that producer prices, representing […]
Childhood Aggression Linked to Higher Adult Earnings: Bullies Cash In
An almost 50-year-long study into the long-term economic value of childhood skills has discovered some revealing facts about playground bullies that might come as a shock to some. Let’s take a look at the findings. The Truth About Aggressive Kids and Success Researchers at the University of Essex have been tracking data from over a […]
End Adult Freeloading, Push Financial Independence Urges Suze Orman
Financial advisor Suze Orman is back in the news this week and she’s been doling out some tough love for parents whose finances are being drained by their offspring. Let’s take a look at what she said. Suze Orman Sounds Off on Adult Children Living at Home Following a January report by the Pew Research […]
Congressional Salary Debate: Proposal for Pay Increase Meets Resistance
Patrick McHenry, a retiring U.S. House Republican from North Carolina, has ignited controversy by advocating for an increase in the salaries of rank-and-file Congress members. McHenry, who has a history of opposing proposals to raise the federal minimum wage, claims that such an increase to the current $174,000 salaries would inspire “credible people to run […]
Illinois Considers $1000 Monthly Guaranteed Income for Residents
There’s talk of a new policy being floated in Illinois that could make the lives of countless Illinoisans a heck of a lot easier. Here’s the full story. Illinois Considers Guaranteed Income Guaranteed basic income could be on the cards in Illinois as this week lawmakers heard proposals from a number of different advocates, all […]
Tipping Madness: 75% of Americans Say It’s Gone Too Far
Tipping is out of control. At least that’s what 3 out of 4 Americans think – according to a new survey by WalletHub. Let’s take a look at their findings. Tipping Tumult Tipping is a big deal in the U.S., but it’s not so common in other parts of the world where workers are paid […]