Debt

Can you still retire with $1 million?  That's what today's millionaires want to know.

Can you still retire with $1 million? That’s what today’s millionaires want to know.

OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …

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The cutting-edge solution to rising debt?  Paying with cash - WOUB Public Media

The cutting-edge solution to rising debt? Paying with cash – WOUB Public Media

The cutting-edge solution to rising debt? Cash payment By: Stacey Vanek Smith | NPR Posted on: Wednesday, December 7, 2022 < < Back to WASHINGTON, DC (NPR) — Discover the new revolution in personal finance: cash. A growing number of Gen Z and Millennial debtors are controlling their finances by spending real paper money: no …

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The cutting-edge solution to rising debt?  Cash payment

The cutting-edge solution to rising debt? Cash payment

Discover the new revolution in personal finance: cash. A growing number of Gen Z and Millennial debtors are controlling their finances by spending real paper money: no Apple payments, no Venmo, no cards. One of them is Jamie Feldman, 33, a writer and journalist from Brooklyn, New York, and a TikToker enthusiast. Until recently, most …

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Janet Yellen

New report shows foreign banks have secret derivative debt that’s ’10 times their capital’

By Pam Martens and Russ Martens: December 6, 2022 ~ Janet Yellen, US Treasury Secretary United States Treasury Secretary Janet Yellen has the dual role of chairing the Financial Stability Oversight Council (F-SOC), whose role is to provide “comprehensive oversight of the stability of the financial system of our nation”. The heads of each of …

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Explosion of US debt financed by Americans, not foreign countries, posing risks to economic growth

Explosion of US debt financed by Americans, not foreign countries, posing risks to economic growth

Brian Brenberg, Fox News contributor and professor of economics at King’s College, reacts to the November ADP report. The explosion of US government borrowing over the past 15 years has been fueled not by loans from China and Japan, but by the purchase of Treasury bills by US financial institutions, state governments and other national …

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This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the …

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US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns |  CNN Business

US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | CNN Business

New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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