Market volatility poses a major risk to young retirees. Here’s how to prepare

How to keep your money safe amid this economic and political uncertainty

Ciara Horton | A minute | Getty Images If you’re ten years away from retirement, the current stock market volatility can be a good reminder of the risk ahead for your nest egg. Although stocks tend to offer the best opportunity for long-term growth despite their ups and downs, a continuous market decline leading to … Read more

The March jobs report will be released on Friday. Here’s what to expect

Consumer confidence shows improvement; job opportunities and jobs fell

A “Help Wanted” sign hangs in the window of a restaurant in Medford, Massachusetts, US, January 25, 2023. Brian Snyder | Reuters Non-farm payrolls are expected to fall back – slightly – in March as consumers tune in for what is shaping up to be a healthy labor market. The US economy is estimated to … Read more

The K-shaped economy: Why restaurants are dying but yachts are booming

caption: Wendy Morales ran the Blue Star Cafe & Pub in Wallingford after inheriting it from her father.

On a sunny February afternoon, Wendy Morales locked up Blue Star Cafe & Pub for the last time. After decades of serving great omelets, old bloody marys, and french fries, a beloved Seattle’s Wallingford eatery has closed for good. “Our lease is coming to an end,” Morales said. “There was no choice. Money, I call … Read more

The Fed’s Logan said US oil producers are unlikely to provide near-term relief for consumers

The Fed's Logan said US oil producers are unlikely to provide near-term relief for consumers

Written by Michael S. Derby April 2 (Reuters) – Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to increase production and protect consumers from higher gasoline prices in the near future. The price US producers say they need to see to start drilling is just shy of $70 … Read more

Social Security up to $50,000? ‘Crisis in the near horizon’ forces a painful solution with a new proposal. Do this now

Social Security up to $50,000? 'Crisis in the near horizon' forces a painful solution with a new proposal. Do this now

Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. A new analysis by the Federal Accountability Committee found that some high-income retirees are now collecting close to, or more than, $100,000 a year in Social Security benefits (1). And it prompts a review of social security gaps, according to some … Read more

How the Iran war adds to the US economy is shaped like K by the high price of gas | Good luck

How the Iran war adds to the US economy is shaped like K by the high price of gas | Good luck

The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more

Four ways to secure your finances in this terrible job market

Four ways to secure your finances in this terrible job market

Open this photo in the gallery: Today’s labor market is sluggish, and uncertainty is high.diego_cervo/iStockPhoto/Getty Images We are not, technically, bankrupt. But for those who are currently unemployed, we can be too. We are in what economists call a “low-fire, low-hire” market. Employers are shedding jobs left and right as they may be in a … Read more

‘Gut feeling.’ When my husband had a stroke, I managed our finances. Now I suspect that we have been cheated by our advisor. Now why?

'Gut feeling.' When my husband had a stroke, I managed our finances. Now I suspect that we have been cheated by our advisor. Now why?

Question: “My husband who took care of all our finances suffered a stroke. It seems that he will not be able to start his finances from now on. Now I take care of everything and I am burdened by my head. I have the feeling that our financial plan has prepared us to remove a … Read more

What the world can learn from Greece and its ‘household basket’ program

Originally introduced as a temporary tool, the program has been expanded frequently due to price increases.

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