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Economy

“Sales of Bentleys and Lamborghinis are booming because rich people are bored”

April 5, 2021

“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…

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Economy

“Record 103,415,000 Not in Labor Force; Participation Rate Sinks to 47-Year Low”

May 11, 2020

“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000. The participation rate… Continue Reading…

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Economy

“The IRS changed the tax filing rule for Social Security recipients — why that’s a good thing”

April 3, 2020

“The rebate checks are part of the $2 trillion stimulus package President Donald Trump signed into law last week, intended to provide financial relief to Americans in the wake of the coronavirus pandemic. People can receive a rebate check up… Continue Reading…

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Economy

“U.S. Economy Will Be in Trouble If Boomers Don’t Come Back to Work”

March 31, 2020

“Older workers have been one of the reasons job growth has remained so robust during the past few years. From the end of 2016 through February, employment among people between the ages of 25 and 54 increased by 3 million. For workers… Continue Reading…

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Predictions, Opinions, & Comments

Milestone Reached: 1K Subscribers

March 2, 2020

I want to give a shout out to all my followers. Thank you. If you like this site spread the link: Raxxmorz.com. You want more content? Spread the link. You want more valuable information? Please ask questions. For those of… Continue Reading…

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Economy

“World’s richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam”

January 21, 2020

“The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam… Continue Reading…

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Banking, Economy, Personal Finance

“Angry savers emailed Janet Yellen: We’re getting crushed by low rates”

November 23, 2019

“Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon Valley. Savers, on the other hand, have been crushed by near-zero rates.Some of those savers penalized by the Federal Reserve’s… Continue Reading…

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Banking, Economy

“More borrowers are going underwater on car loans”

November 12, 2019

“Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon—referred to as negative equity, or being underwater—can… Continue Reading…

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Economy, Personal Finance

“It’s Not Just Millennials — Gen Z Is Dealing With A Lot Of Debt Now Too”

September 18, 2019

“Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700. Having sizable debt at… Continue Reading…

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Economy

“Amazon is hiring 30,000 workers…”

September 11, 2019

“Amazon is looking to fill 30,000 jobs and, to help accomplish that goal, it plans to host career days in six cities across the US next week. The open spots span a variety of skill and experience levels, from entry-level… Continue Reading…

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