Expert warns of looming Social Security cuts due to 1 powerful force no US politician controls — and Congress will fall to its knees. Prepare now
American lawmakers have long known that Social Security is on an unsustainable path. An aging population has created a funding imbalance that now threatens the program’s solvency. Despite this, cutting Social Security remains politically taboo. Nearly 79% of U.S. adults –- across political affiliations — oppose any reductions, according to a 2024 Pew Research survey. […]
Business owners and economists say ICE crackdowns are leading to a critical labor shortage — how Trump’s immigration policy could hit your bottom line
President Donald Trump’s tough policies on immigration are having knock-on effects in the labor market — a situation that will only get worse, experts warn. Newsweek reports that many businesses are having difficulty filling open roles in industries like construction, hospitality, agriculture and health care — roles often filled by immigrant workers. (1) In fact, […]
Yes, they do mind the gap – everyone’s getting richer in the US, but boomers are pulling ahead. Why that’s not sitting well with younger generations
America is getting richer. Household wealth, at more than $176 trillion according to the latest Federal Reserve data, has reached an all-time high as stock portfolios swell. Home values are climbing and retirement accounts have fattened up. But, the big winners in this wave of prosperity aren’t the strivers just entering the workforce. It’s boomers. […]
My parents — who declared bankruptcy when I was 10 — want me to lend them $30K to open a restaurant. They swear they’ve changed. What should I do?
Loaning money to family can be a minefield for both your relationships and your financial future. But what if your parents ask for a loan? Should you consider it, or is loaning money to family always a bad idea? That’s the question Sam, 25, is facing. Must Read Thanks to Jeff Bezos, you can now […]
Canadians owe a staggering $2.5 trillion in household debt — here’s how to chip away and finally breathe free
Debt: Almost all Canadians have it. In fact, Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first quarter of 2025 — a 4% year-over-year increase (1). TransUnion estimate that consumer debt, across all credit products, hit a record $2.5 trillion […]
5 big things that disappear after you retire in Canada: Are you prepared?
This article adheres to strict editorial standards. Some or all links may be monetized. Retirement is often seen as the long-awaited reward after years of hard work. The daily grind of morning alarms, office politics and stressful commutes finally come to an end, regaining full control over your time and how you spend it. While […]
As housing prices keep homeownership out of reach for many Americans, here’s how some are making it work — plus how you can invest in the market
This article adheres to strict editorial standards. Some or all links may be monetized. Charly Bass-Davis moved to Wilmington, Delaware, when she was 10 years old. At the time, there were thriving businesses and a solid sense of community. However, her neighborhood began to decline as housing prices rose, leaving many homes vacant. A former […]
New U.S. rule could cost Canadian snowbirds up to $900 a year
For a typical Canadian couple, new U.S. border rules could add $250 to $900 a year in extra costs — covering document preparation, travel delays and cross-border tax advice — before they even unpack their bags in Florida or Arizona. The new U.S. rule was announced in March and went into effect on April 11, […]
Couple just had first child and one spouse wants to be a stay-at-home parent — but not sure if it’s wise to temporarily cut RRSP contributions to make it work?
Having your first child is a life-changing event. Suddenly you’re responsible for another person’s well-being and that can prompt major lifestyle changes — including the decision for one parent to stay home full-time. For many families, the financial strain of child care forces this decision to the forefront. For many Canadian families the cost of […]
Are you finally rich in America? Here are the top 5 reasons you should tell absolutely no one (not even your closest friends)
This article adheres to strict editorial standards. Some or all links may be monetized. If you’ve managed to accumulate some wealth, showing it off can often be tempting. After all, what’s the point of success if you can’t indulge in it? Must Read Thanks to Jeff Bezos, you can now become a landlord for as […]