Retirement is emerging as a looming nightmare for the oldest members of Generation X. Despite making up one-fifth of the population, and this generation is silently grappling with the largest wealth gap of any cohort, as revealed in the Schroders 2023 U.S. Retirement Survey. The Retirement Crisis Facing Gen X As Gen Xers, over 65 […]
Author: Joe Lysikatos
Middle Class Betrayed as Congress Favors Rich with Tax Cuts
Congress has passed a slew of tax breaks for the wealthy worth almost $300 billion under the guise of helping the average American. Investigating Secure 2.0 Politico’s latest investigation charts the course of a 2022 bill called the Secure 2.0 Retirement Savings Act and how it has expanded into the behemoth it is now. The […]
Democrats Push Against Hedge Funds’ Grip on Housing Market
In a significant move that could reshape the housing market landscape, Democrats in Congress have recently introduced a groundbreaking bill aimed at curbing the influence of hedge funds in the single-family homes sector. The “End Hedge Fund Control of American Homes Act of 2023” The legislation, known as the “End Hedge Fund Control of American […]
California Workers Advocate for $20 Minimum Wage Statewide
Following the historic regulation recently imposed in California, which granted a $20 minimum wage for all fast food workers, advocate groups are now pushing for further wage increases – this time targeting all of California’s working residents. Extending California’s $20 Minimum Wage Wage advocate group One Fair Wage is pushing lawmakers to extend California’s new […]
Massive Store Shutdowns Add to U.S. Brands’ Retail Woes
Stores across the U.S. are closing at unprecedented levels, according to new research from advisory firm Coresight Research. Read on for more information about the impact this could have on you and your communities. Store Closures Sweep Across the U.S. Last year, U.S. retailers shut stores across the country. Impact on Various Sectors From clothing […]
See If You Qualify: Walmart Might Owe You $500
If you’re one of the hundreds of millions who shop at Walmart every week, you may be entitled to a rather large chunk of money following the results of a $45 million class-action settlement. Here are the details. Walmart’s $45 Million Settlement Any Walmart customers who bought certain types of food from any of their […]
Retirement Account Holders on Alert Due to Bidenomics
As the sun sets on the hopes of millions of Americans aiming to retire in peace, a dark cloud of financial uncertainty looms overhead. These individuals could find their retirement dreams slipping away. Recent research, conducted in collaboration with the Committee to Unleash Prosperity, reveals a stark reality: the average 401(k) has lost a quarter […]
Shutdowns and Layoffs Leave Illinois Factories and 1000 Workers Struggling
While the job market seems to be in relatively good shape, some states are feeling the burn – Illinois being one of them. Here’s the full story. Factories in Crisis In the last three months, factories in Illinois have been struggling. Layoffs and Shutdowns There have been a lot of layoffs, and in total, four […]
Fed Chair Points to Interest Rate Reductions Despite Inflation Concerns
In a recent interview, Federal Reserve Chair Jerome Powell affirmed the central bank’s commitment to a series of interest rate cuts this year. Powell’s statements, featured on “60 Minutes,” shed light on the Federal Reserve’s strategy amid a backdrop of a healthy economy and a slowing inflation rate. Federal Reserve’s Rate Cut Projection In December, […]
Geothermal Investment of $60 Million Signals Clean Energy Breakthrough
The Biden Administration has unveiled a next-level funding investment into renewable green energy that they say could provide infinite energy. Let’s take a look at their plans. Biden Administration’s Push for Net Zero President Biden and the department of energy (DOE) have announced a big move toward shifting to net zero, with a $60 million […]