Money, Wealth & Power—A Daily Look at the Financial World
Republicans in Congress are racing to sell new health policy ideas just as the Affordable Care Act’s enhanced premium tax credits approach their scheduled end, setting up a high-stakes fight over how much help people will get to pay for coverage. The debate is no longer about whether to subsidize insurance at all, but whether…
For many savers, a $3 million retirement portfolio sounds like a distant fantasy, yet it is exactly the kind of target Dave Ramsey urges people to chase so they can live on investment growth instead of slowly draining their accounts. His approach pairs aggressive saving and investing with an equally aggressive rule for how much…
Household balance sheets in the United States have swelled over the past decade, yet the gains have not landed evenly. Older Americans, especially baby boomers, now control a larger share of the nation’s wealth, while younger adults watch the gap widen even as their own incomes and savings inch higher. I see a country where,…
Retirement is supposed to be a payoff moment, yet many older adults quietly admit they would undo several big-ticket purchases if they could. Drawing on recent reporting about costly retirement mistakes and homebuying regrets, I break down nine specific buys that often backfire, draining savings and shrinking options just when stability matters most. 1) Timeshares…
Cook County just committed millions of public dollars to keep sending no-strings-attached cash to low income residents, turning what began as a pandemic experiment into a permanent feature of local government. The move vaults the county into the center of a national fight over whether guaranteed basic income should be treated as a core part…
Retirement decisions are high stakes, and some destinations consistently emerge as difficult places to stretch a fixed income, access care or feel secure. Drawing on recent rankings of the worst states and cities for older adults, I have identified nine specific communities that repeatedly surface as challenging environments for retirees, even when they offer cultural…
Robert Kiyosaki is warning that a generation that once defined American prosperity could now be staring down a brutal reversal, with retirement portfolios gutted and long-time homeowners pushed to the financial edge. He argues that a toxic mix of inflated asset prices, heavy debt and policy missteps could leave many baby boomers exposed to a…
Millions of Americans go to work each day without any way to save for retirement through their employer, even as longer lifespans and rising costs make personal savings more critical than ever. Roughly 56 million workers are effectively shut out of workplace retirement plans, leaving a large slice of the labor force to navigate complex…
Lawmakers are quietly debating some of the biggest shifts to workplace retirement plans since the last major overhaul, and the outcome could reshape how millions of Americans save for old age. Proposals moving through Congress would tweak everything from automatic enrollment and employer matches to catch-up contributions and emergency access, with the potential to change…
Retirement is often framed as a time to coast, but for many boomers it is really a high‑stakes reset. Letting old gear, habits and financial setups linger too long can quietly drain savings, undermine health and make each day feel smaller than it needs to be. By deliberately replacing a few entrenched items, boomers can…