Money, Wealth & Power—A Daily Look at the Financial World
When your children finally move out, it marks a significant transition not only emotionally but financially. With an average of $13,500 freed up annually from household expenses previously dedicated to child-rearing, parents face a unique opportunity to reshape their financial future. This shift, highlighted in a 2023 AARP survey of 2,000 empty nesters, often leads…
Household debt in the United States has reached unprecedented levels as of November 4, 2025, highlighting potential vulnerabilities in consumer finances amid ongoing economic pressures. This surge builds on prior escalations, including a significant rise in margin debt and consumer debt over the past year. As credit card balances and other forms of debt continue…
Jim Cramer, a seasoned investor and television personality, has candidly shared five significant mistakes from his investing career to help others avoid similar pitfalls. These insights, drawn from decades of experience, highlight the importance of learning from past errors to make more informed financial decisions. Cramer’s reflections offer valuable lessons on how to navigate the…
In today’s digital age, remote work opportunities are expanding rapidly, offering lucrative salaries even for entry-level positions. For those looking to start their careers with a strong financial foundation, there are several remote jobs that promise competitive pay. This article highlights nine such roles, each offering a starting salary of at least $87,000 annually, according…
In a troubling development for car buyers, recent analysis reveals that 1 in 4 new car trade-ins are now ‘underwater’, marking a four-year high. This trend indicates that many consumers owe more on their current vehicles than they are worth, complicating the process of upgrading and potentially leading to long-term financial strain. Understanding how to…
In recent years, the wealthiest Americans have been shifting their investment strategies, moving away from the stock market and increasingly favoring cash and alternative assets. This trend is driven by concerns over market volatility and economic uncertainty, prompting these ultra-rich individuals to seek safer, more stable investment options. As they diversify their portfolios, many are…
In today’s evolving economic landscape, distinguishing between being a rich retiree and an upper-middle-class one hinges on understanding key financial metrics. Recent analyses highlight the net worth threshold that separates these two groups, emphasizing the importance of financial security in retirement. As economic benchmarks evolve, so do the definitions of what constitutes a comfortable retirement…
The Trump administration announced on November 3, 2025, that it will pay 50% of food stamp benefits under the Supplemental Nutrition Assistance Program (SNAP) for November amid the ongoing government shutdown, marking a shift from full funding expectations. This partial payment, described by the White House as using the SNAP contingency fund, aims to provide…
The untimely passing of boxing legend Leon Spinks in 2021 highlighted critical estate planning pitfalls for first-generation millionaires. Wealth expert George Stefanou’s 2025 analysis underscores the importance of tailored planning to navigate complex wealth transfer. Meanwhile, Asia’s wealthy are increasingly urged to center their estate strategies on personal values to ensure legacy alignment. These examples…
In the world of millionaires, the distinction between wealth and financial struggle often hinges on liquidity. This concept is vividly illustrated by rapper Flo Rida, who, despite winning an $82.6 million judgment against Energy Beverages LLC in 2023, faced eviction due to unpaid rent. In contrast, billionaire Warren Buffett’s fortune is largely in liquid investments,…
Retirement Shield
The money news that hits your wallet
The free Retirement Shield newsletter covers the benefits, tax, and cost-of-living changes that affect what you keep, a couple of times a week.