Inflation is at an all-time high, but that hasn’t stopped the U.S. Federal Reserve from cutting interest rates by the year’s second quarter. The Only Control During the Pandemic During the pandemic, The Fed increased the interest rate to control high inflation in the hopes of slowing down investment and spending, which can help keep […]
Finance
20 Reasons Why Americans Are Skeptical About Electric Vehicles
Despite their sleek designs and eco-friendly promises, electric vehicles (EVs) continue to face resistance from die-hard enthusiasts of traditional gas-guzzlers. Delve into the gritty details as we unveil 20 unapologetic reasons why EVs are struggling to win over the hearts of old-school car aficionados. #1. Range Anxiety Concerns about running out of battery power before […]
15 U.S. Cities You Can Retire to Without Needing $1 Million
Retirement doesn’t have to break the bank. These cities offer affordability without compromising on quality of life, making them ideal for retirees on a budget. Below are the cities and the estimated amount you’ll need to retire in each comfortably. #1. Knoxville, Tennessee Estimated Retirement Savings Needed: $600,000 Knoxville boasts a low cost of living, […]
21 Reasons Why Gen X Ruined the Economy
Cue the soundtrack of Generation X, where the hits were bold and the misses… well, they echo through today’s economic corridors. With a flair for the dramatic and a credit card in hand, Gen X danced to a tune of optimism and excess, leaving behind a mixtape of financial foibles for the rest of us […]
Marlboro Owner Dumps $2.3B Stake After Transgender Ad Backlash
The company that owns Marlboro cigarettes is selling $2.3 billion worth of shares in major brewing company Anheuser-Busch InBev. Altria Dropping Millions of Shares U.S. manufacturer Altria Group, which produces Marlboro cigarettes, is planning to sell its shares in Anheuser-Busch InBev, the parent company of Bud Light. One Year on From National Controversy The announcement […]
Big Macs Cost More: How Much Now?
In a McDonald’s restaurant in Connecticut, the affordable fast-food restaurant proved to be anything but as their menu was revealed to contain a Big Mac Combo for $18 and a $19 Quarter Pounder meal, among other shocking deals. The Big Mac Debate in Darien, Connecticut There’s been an outrage from the internet over a pricey […]
Growing Divide: Rent Skyrockets, Luxury Homes Soar
Despite some improvements in the rising housing market, a report suggests that those with a less affordable income will suffer the worst of it. Here are the reasons why. A Widespread Affordability Crisis Rental affordability in the U.S. has become worse than ever, affecting both high and low-income tenants. Record Numbers Struggling The Harvard Joint […]
Investment Scams Hit Millennials Hard
Americans aged 30-49 are falling victim to investment scams more frequently than any other age group. This revelation comes from a recent FBI report that shines a light on a troubling trend in the digital age. Increased Vulnerability Among Millennials The FBI’s findings reveal that millennials have reported over 13,000 investment scam complaints. This demographic’s […]
Millennials Could Miss Out on Billions As Boomers Ditch Traditional Inheritance
For some, inheritance might seem like a given, but Boomers are starting to follow trends from prominent figures like Warren Buffett and Sting and are moving away from simply passing down wealth. Baby Boomers, set to pass on $68 trillion by 2030, are exploring alternative options that don’t necessarily include traditional inheritances. Prioritizing Family Harmony […]
22 Reasons Millennials Are Ruining the Economy
Millennials have traded boardrooms for Zoom rooms, suits for sweats, and gold watches for smartwatches. As they navigate the economic waters with their eco-friendly, tech-savvy compass, let’s explore the whirlwind ways they’re accused of turning the economy on its head, one tap and swipe at a time. 1. Job Hopping Disarray Their frequent job changes […]