Bernie Sanders calls White House allegations of Social Security fraud and waste ‘a prelude not only to cutting benefits, but to privatizing.’ How outsourced Social Security might work
Could misinformation about Social Security be paving the way for privatization? That’s how Bernie Sanders sees it. Sen. Bernie Sanders of Vermont told CNN that lying about Social Security “is a prelude not only to cutting benefits, but to privatizing Social Security itself.” By making the system appear dysfunctional, then “why would anybody want to […]
‘Something worse than a recession’: Billionaire investor Ray Dalio says Trump’s economic agenda could be catapulting the US toward a world order ‘very much like the 1930s’
The founder of Bridgewater Associates, one of the world’s largest hedge funds, is voicing concern that President Donald Trump’s economic agenda could lead to “something worse than a recession.” “Right now, we are at a decision-making point and very close to a recession,” billionaire investor Ray Dalio told NBC’s Meet the Press. “And I’m worried […]
‘Is that a threat? Sure it is’: China could make a ‘retaliatory’ move that experts say would ‘hit us hard’ — especially US homeowners. Here’s what’s happening and how to protect your wealth
Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC. Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds. […]
There’s a new ‘magic number’ Americans say they’ll need to retire comfortably — and it’s a shocking change since 2024. Here’s how to reach it ASAP without turning to sorcery
Humans often seek easy answers and shortcuts. This is not always a flaw, but a form of efficiency. So, it’s no surprise that we want a ‘magic’ answer to one of the biggest financial decisions we need to make: how much to save for retirement. As a result, we often have a ‘magic number’ in […]
Can buying in bulk actually cost you more? Why Americans desperate for savings should be wary of warehouse clubs like Costco
With prices rising, consumers are increasingly looking for ways to save money. And one way to do that is through warehouse club retail stores, like Sam’s Club, Costco and BJ’s Wholesale Club. But is membership all it’s cracked up to be? Shopper Britney Downing tells KHOU-11 that she saves on cereal for her five kids. […]
San Diego bans grocery stores from offering digital-only coupons, arguing seniors and low-income families end up paying more
San Diego has banned grocery stores from offering only digital coupons after the San Diego City Council voted unanimously in favor of the Grocery Pricing Transparency Ordinance. It’s just one move by states looking to alleviate the financial burden many families are facing at the grocery store. The ordinance, which still has to return to […]
Finance professor bought Nvidia at US$0.48/share — but sold early and missed a life-changing gain of more than 25,000%. Here’s how investors can avoid his mistake 2025
Long-term investing can test even the most disciplined investors. With markets swinging on everything from AI breakthroughs to political headwinds, the temptation to act emotionally — especially during big wins or downturns — is real. Amos Nadler, a behavioural finance expert and former professor at Western University’s Ivey Business School, knows this first-hand. Years ago, […]
The way you access your Social Security account has changed for millions of US retirees. Could you be at risk of missing out on your benefits?
There’s been a lot of fear mongering about the move from my Social Security to Login.gov, a new digital requirement introduced by the Social Security Administration (SSA). Does that mean you’re at risk of losing your monthly Social Security payments if you fail to move over to the new platform? Don’t miss I’m 49 years […]
‘Unfit for human habitation’: This Cedar Rapids building has finally been condemned after tenants lived without power or plumbing — what can you do if a landlord leaves your home to rot
Imagine authorities declared your home unlivable — and gave you just days to vacate. That’s the reality for residents of an apartment building in Southwest Cedar Rapids, Iowa — and now, according to KCRG-TV9, they’re struggling to find new places to stay. Don’t miss I’m 49 years old and have nothing saved for retirement — […]
Hundreds of Detroit-area auto workers temporarily laid off by GM and Stellantis amid economic uncertainty — how to protect your finances when you’re furloughed
Across Metro Detroit, hundreds of General Motors and Stellantis auto workers have been temporarily laid off this year. Don’t miss I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 5 of the easiest ways you can catch up (and fast) Gain potential quarterly income through […]