Finance

Feeling “rich” is an increasingly elusive concept in contemporary society. Even among those with substantial financial resources, only a mere 8% characterize themselves as truly wealthy. The Perception of the Upper Middle Class A recent Ameriprise Financial survey reveals the intriguing fact that approximately 60% of investors with $1 million or more of investable assets […]

With divorce rates steadily increasing for older Americans, academics and financial professionals are examining just how expensive these separations can be for people 55 and older.  Rise of the Gray Divorce The term “gray divorce” refers to marriages that end later in life, usually over the age of 50. And since the 1990s, the rate […]

During a recent visit to Beijing, US officials were assured that Chinese banks remained stable amidst a turbulent period in China’s economy.   Trip to China Janet Yellen, the U.S. Treasury Secretary, revealed that a working group of Treasury officials had visited China on January 19. During their trip, they were assured that Chinese banks were […]

After a hefty increase in U.S. childcare costs during the pandemic, parents are worried that price hikes will continue into 2024. What will this mean for the U.S. economy? Childcare Costs Soar During the Covid-19 pandemic, families in the U.S. saw a significant spike in the cost of childcare. Now, parents are concerned that 2024 […]

Find out which states are the least affordable for American families based on how much it costs to rent a two-bedroom apartment.  The Impact of Inflation Once upon a time, most of the country was relatively affordable for the average American family. Now, inflation has put pressure on the majority of American citizens, creating stress […]

An interviewer standing outside a grocery store has revealed that he and his team struggled to find anyone with any optimism about the economy as food prices sore, stressing people are “really bummed out.” CBS Anchor Acknowledges Economic Concerns CBS anchor Tony Dokoupil revealed his team’s struggle to find anyone outside a New Hampshire grocery […]

The combination of the Lions’ playoff success, the hard work of small businesses, and even Taylor Swift fever have been the ingredients for success, raising Detroit’s economic value substantially in the last few months. Economic Implications of Lions’ Playoff Success The Detroit Lions’ recent playoff success and Taylor Swift fever are not only writing new […]

Do you wish your job offered a better work/life balance? Find out why half of the world’s employed population would take a pay cut in order to prioritize their home lives. Ford Motor Co. Study Reveals Workers’ Priorities Ford Motor Co. surveyed workers across the world to find out more about their priorities, and the […]

The FDA has approved a groundbreaking deal that could see Americans paying far less for their medical needs, as the state of Florida will now welcome imported drugs from Canada. FDA Approval for Drug Importation in Florida At the beginning of January, the FDA granted Florida permission to import prescription drugs from Canada, marking a […]

Another insurance company has pulled out of California, joining a long list of names that are worried about the potential effects of extreme weather. The state and insurers are now “at a major crossroads,” according to experts. Insurance Woes in California California homeowners are facing increasing difficulties obtaining private insurance as yet another major insurer, […]