Finance

America’s aging population faces a grim reality as Social Security trust funds teeter on the brink of depletion. Fund reserves for Social Security and Medicare will be exhausted by 2034, posing challenges to maintaining benefits for current and future beneficiaries.  Retiree Financial Crisis on the Horizon The situation presents a dire financial crisis for millions […]

As Baby Boomers approach their later years, they will transfer their wealth  — more than $75 trillion — to younger generations. This will mark one of the most significant financial shifts in history. Unprecedented Transfer of Wealth This unprecedented change is more than a transfer of assets. It represents a critical juncture for families grappling […]

Billionaires often pay less in taxes than many expect. They use legal methods and tax law knowledge to reduce their tax bills. This list looks at ten billionaires and how they’ve managed to avoid paying more.  Jeff Bezos According to a ProPublica report, Bezos paid no federal income tax in 2007 and 2011, leveraging stock-based […]

Older generations have long criticized millennials and Gen Z for not investing in real estate. But with the recent housing market crash, the tables have turned. Here are 15 reasons why younger generations can be grateful they were kept off the property ladder. #1. Flexibility  Renting allows easy relocation, perfect for those who love to […]

The Senate passed a $460 billion spending package ahead of a deadline to prevent a partial government shutdown. Despite the challenges and bipartisan criticism, the package aims to fund essential departments through fiscal year 2024, but with another budget deadline approaching, negotiations are far from over. Passing the Package In a last-second move to avoid […]

Workers in Disney’s luxury resorts spend their days tending to wealthy vacationers but lack the resources to meet their own basic needs. Will a lawsuit change that? The Happiest Place on Earth In sunny Anaheim, California, millions of families spend thousands of their hard-earned dollars on resort vacations surrounded by their favorite Disney characters. For […]

California restaurants and delivery services will no longer be allowed to collect service fees from customers beginning this July. This news struck a nerve for business owners, and famed entrepreneur Jon Taffer spoke out against the new law. California’s Recent Wage Changes After the announcement recently that many California fast food workers would soon be […]

The national average credit score has dropped for the first time since 2013 – and while it may not be a cause for national concern yet, it is an indication of growing financial stress for the average American. Average Credit Score Drops For the first time in ten years, the national average FICO credit score […]

If you’re interested in a different type of investment to add to your portfolio, consider these ten types of everyday collectibles that are likely to gain value in the future. Looking to Diversify? For some people, investing in collectible items can be an effective way to diversify their investing portfolio. And these collectibles don’t have […]

Once bright with the promise of education and prosperity, the American dream is being overshadowed by a looming cloud of student loan debt. The Federal Reserve estimates total student loan debt now exceeds $1.7 trillion.  A Heavy Financial Burden  This financial burden is not only altering the course of individual lives but is also reshaping […]