Month: June 2023

Imtmphoto | Istock | Getty Images These days, many young adults do not become financially independent until they are well into their 20s. To be sure, inflation has made it even harder for those just starting out. But, in addition to soaring food and housing costs, millennials and Gen Z face financial challenges their parents did not as young adults:
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You have worked all your life, what kind of wealth are you likely to have? Here is the thing. Most older adults and households nearing retirement don’t have any significant stock holdings; people nearing retirement don’t have large amounts of home equity; most people nearing retirement have small or nonexistent retirement plans. Wealth Is Falling
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Thanasis Zovoilis | Getty Callers who have sought help from the Social Security Administration in recent years have reported long wait times, dropped calls and inability to access the agency’s services. A new report from the Social Security Administration Office of the Inspector General finds the agency experienced more than 40 telephone system disruptions between
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It’s no secret that there’s a housing shortage in the U.S. and there’s plenty of blame to go around for its myriad causes. These range from the homebuilding industry citing laws and regulations like California’s Environmental Quality Act (popularly known as CEQA), to immigration advocates pointing out a shortage of foreign construction workers exacerbating an
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The death of New York’s Richard Ravitch, a legendary civic and economic expert and problem solver, prompted the New York Times’ Ginia Bellafante to recall the city’s brush with bankruptcy in the 1970s. Noting Ravitch’s role in bringing unions into the city’s financial rescue, Bellafante wonders “could such an alliance happen today?” Sadly, probably not.
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