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What the Middle Class Needs in 2026 To Live Comfortably
15+ min ago (760+ words) Living "comfortably" is a subjective idea, but it's one many middle-class households are actively trying to define as costs continue to rise and budgets feel tighter. While there's no single income that guarantees comfort, financial experts said there are benchmarks…...
Adam Summers: Why California’s high cost of living is not inevitable
53+ min ago (223+ words) The inescapable conclusion is that most of the wounds of California's affordability crisis are self-inflicted. Here are but a few examples. The Golden State also has the highest state sales tax in the nation (7.25%) and the seventh-highest combined average state…...
Trump Backed Rick Rieder Now Leads the Odds for New Fed Chair
1+ hour, 14+ min ago (416+ words) The race for the next Fed Chair continues to heat up, with Rick Rieder now leading market expectations. Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, has surged ahead after public praise from President Donald Trump. This shift in…...
Why Culture Doesn't Make Societies Wealthy Part 1/9
1+ hour, 16+ min ago (485+ words) I'll start by explaining what we mean by culture, then discuss why the connection between culture and economic wealth is so often drawn incorrectly. Next, I'll examine historical examples that illustrate the culture-wealth divide, looking at when culture has supported…...
States’ fiscal deficit increases to 3.3% in 2024-25
1+ hour, 20+ min ago (356+ words) MUMBAI: States" consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3.0 per cent during the previous three consecutive years, Reserve Bank"s annual publication "State Finances: A Study of Budgets" noted. The…...
‘Biggest bubble in history’: Robert Kiyosaki warns baby boomers’ investments will be crushed. Is he right?
1+ hour, 26+ min ago (823+ words) Robert Kiyosaki is notorious for claiming that the next big market crash is coming. And given that most Americans" retirement savings are invested in stocks, a crash would be devastating for older Americans" wealth. So when Kiyosaki tweeted, "BABY BOOMERS…...
Economic Leaders Say Global Growth Resilient
1+ hour, 34+ min ago (417+ words) DAVOS:Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a…...
Time’s Up on Some Adjustable-Rate Mortgages
1+ hour, 55+ min ago (71+ words) As adjustable-rate mortgages reset, homeowners face higher payments and tough choices. Time's Up on Some Adjustable-Rate Mortgages For those who took five-year adjustable-rate mortgages (ARMs) in 2021, the day of reckoning is about to take place. Others who have 10-year ARMs…...
I can save $172 a month if I refinance my mortgage, but is it actually worth it in the end? What homeowners need to know
2+ hour, 41+ min ago (618+ words) Generally, saving money is a no-brainer, especially when it comes to your mortgage. But when it comes to refinancing your home, saving a few hundred dollars on your monthly payment might not be as good of a deal as it…...
Another Candidate, Rick Rieder, Is Now Leading The Race For Fed Chair As Polymarket Odds Surge
2+ hour, 55+ min ago (664+ words) The race for the top spot at the central bank has taken a turn this week.BlackRock executive Rick Rieder is now the leading choice to become the next Federal Reserve chair. This change happened quickly after President Donald Trump…...