Dave Bernstein, a former U.S. Postal Service worker, has found his retirement to be less secure than he had hoped. When he retired in 1992, he and his wife, Phyllis, were shocked to find that his monthly Social Security check was much lower than expected, despite earning the required 40 credits to be fully insured…
Following the airstrikes and unrest in Gaza, Israeli Prime Minister Benjamin Netanyahu has stated that Israel will continue to control security in the region but will work towards demilitarizing it. This comes at a time when the region is suffering from power outages, particularly in the ICU and pediatric wards at Gaza’s main hospital. These…
Title: The Pros and Cons of Renouncing U.S. Citizenship as an American Expat A recent trend shows that more Americans are moving abroad, with many experiencing the double-edged responsibility of filing taxes with the IRS, in addition to taxes paid in their new country. This leads some expats to consider the possibility of renouncing their…
Social Security Trust Fund projected to run out of money by 2034 A potential 20% benefit cut could be the reality for Social Security beneficiaries if Congress doesn’t act to strengthen the program by the time the trust funds are expected to be depleted in 2034. However, according to a new report from the American…
San Francisco 49ers player Arik Armstead recently made headlines not just for his performance on the football field, but for his impressive pay stubs. With earnings of nearly $400,000 in one pay period and more than $4 million to date, Armstead’s pay stubs shed light on important financial lessons for W-2 employees. First and foremost,…
Financial Influencers Launch Podcast to Promote Financial Literacy Financial influencers Rashad Bilal and Troy Millings have launched the podcast “Earn Your Leisure” with the aim of promoting financial literacy and entrepreneurship. The duo, who have backgrounds as a former financial advisor and teacher, respectively, started the podcast almost five years ago to address the lack…
3 in 4 of Gen Z prioritize quality of life over money, according to a report by Intuit. This trend, known as “soft saving,” challenges traditional notions of saving for the future. Soft saving refers to putting less money into savings and using more for immediate enjoyment. Gen Z, which values experiences over money, leads…
Net worth for the average American family saw a significant surge during the pandemic, according to the Federal Reserve’s triennial Survey of Consumer Finances. This increase was primarily driven by higher home and stock prices, as well as government stimulus measures. After adjusting for inflation, median net worth jumped by 37% to $192,900 from 2019…
