Cart

0

Economy

“As burglars torment L.A. neighborhood, anxious residents consider buying guns, hiring security”

“…At least 10 burglaries were reported in Encino in the last month, according to the Los Angeles Police Department. Residents say there have probably been more in this Valley neighborhood, which is home to roughly 60,000 people. Some in Encino… Continue Reading…

Economy

“72% of Americans worry Social Security will run out in their lifetimes. Here’s what experts say”

“Workers who pay into Social Security while they’re working should expect benefits from the program when they retire. Yet 72% of adults worry Social Security will run out of funding in their lifetimes, a new survey from Nationwide Retirement Institute finds. Meanwhile, 23% do… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Financial Independence Beyond Social Security: A Guide to Sustaining Your Future

Written By: Jillian Day As you look toward the future, establishing a robust financial foundation becomes essential,particularly when reliance on Social Security or Medicare may not suffice for a secureretirement. Crafting an economic strategy that fortifies your finances requires a… Continue Reading…

Economy, Personal Finance

“BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’”

“…Worsening the outlook is a Social Security system that has said it will not be able to pay full benefits by 2034… Fink said it is worth taking a look at when Americans are expected to start accessing Social Security… Continue Reading…

Economy, Personal Finance

“Millions of seniors behind on student loans risk losing Social Security…”

“…Why it matters: Seniors are one of the highest risk categories with reports showing nearly 40% of borrowers aged 65 or older in default. Federal programs that claw those funds back mean seniors lose as much as $2,500 in Social Security benefits annually… Catch… Continue Reading…

Economy

“Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security”

“…Jamie Dimon says Washington is facing a global market “rebellion” because of the tab it is racking up, while Bank of America CEO Brian Moynihan believes it’s time to stop admiring the problem and instead do something about it. Elsewhere The Black Swan author Nassim Taleb says the… Continue Reading…

Personal Finance

“74% say they can’t count on Social Security when planning for retirement…”

“Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey from Allianz Life Insurance Company of North America….” https://www.cnbc.com/2023/04/15/74percent-say-they-cant-count-on-social-security-benefits-what-not-to-do.html Well if… Continue Reading…

Economy

“Average Social Security retirement benefit fell short by 46% in 2022. Here are the costs that went up the most”

“…Even as a 5.9% cost-of-living adjustment went into effect in January, the record high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit increased to $1,656.30 in 2022 from $1,564 in 2021… Continue Reading…

Economy

“…8.7% Social Security cost-of-living increase starts in 2023…”

“…“Your Social Security benefits will increase by 8.7% in 2023 because of a rise in cost of living,” the Social Security Administration states in the annual statements it is currently sending to beneficiaries. The 8.7% increase will be the highest in 40… Continue Reading…

Investing

“Coal investments set to rise 10% this year as nations fret over energy security”

“Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillion, with a notable uptick for coal supply chains.. According to the IEA’s report, 2021 saw roughly $105 billion invested what it called the… Continue Reading…