by Daniel White | May 15, 2023 | Economy
May 15, 2023 There’s a retirement problem in America. That is, not enough people are adequately preparing for life after they stop working. Credit Karma did a survey recently that found almost 20% of Americans aged 59 and up have no retirement accounts. Even worse,...
by Daniel White | May 8, 2023 | Economy
May 08, 2023 Congress may increase the full Social Security retirement age to 70. What are the implications? When the retirement age was lifted in France, citizens protested. It remains to be seen whether that will happen here, but something must give because...
by Daniel White | May 1, 2023 | Economy
May 01, 2023 In March the latest report on the financial health of the Social Security system was released. It’s officially called “The 2023 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance...
by Daniel White | Apr 24, 2023 | Economy
April 24, 2023 President Biden introduced a $6.89 trillion budget proposal. Much of it was rejected last year by a Democrat-dominated Congress, so in a House of Representatives under Republican control, there is hardly any chance it will pass. In truth, it simply sets...
by Daniel White | Apr 17, 2023 | Economy
April 17, 2023 The American middle class is under immense pressure from inflation (which the Federal Reserve is trying to fix, though causing collateral damage in the process). It wasn’t too long ago that a six-figure salary would provide a comfortable lifestyle. But...
by Daniel White | Apr 10, 2023 | Economy
April 10, 2023 When the Federal Reserve enters an interest rate hiking cycle, it’s said the bank continues until something breaks. Well, in the Fed’s quest to tame inflation through rate increases, something might have broken with banks. Last year was a tough one...
