welfare

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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I'm 56 and plan to retire at 62. I will have both public pensions and social security - but I also have a child starting college that I want to pay for. Do I need professional help?

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help?

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Getty Images/iStockphoto Question: I’m 56 and work for a state university, so I will have a state retirement plan. Previously, I worked full time and contributed to social security for 20 years. I still work part-time and contribute to social security. I plan to retire in six years when I turn 62, and recently started …

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help? Read More »

Here's the Biggest Problem With Working After Claiming Social Security

Here’s the Biggest Problem With Working After Claiming Social Security

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(Keith Speights) Americans can start receiving monthly Social Security retirement checks as early as age 62. However, that doesn’t mean you actually have to retire. Lots of people love what they do for a living. They like the idea of ​​staying busy and earning money while receiving an extra amount from Social Security. But there …

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Opinion: High debts and stagflation will bring the mother of all financial crises

Opinion: High debts and stagflation will bring the mother of all financial crises

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NEW YORK (Project Syndicate) – The global economy is heading for an unprecedented confluence of economic, financial and debt crises, following the explosion of deficits, borrowing and debt over the past few decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, car loans, student loans, personal …

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Larry Kudlow: 'More welfare without work' is the 'battle cry of the radical Democrats'

Larry Kudlow: ‘More welfare without work’ is the ‘battle cry of the radical Democrats’

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FOX Business host Larry Kudlow discusses the state of the economy and the Democrats’ omnibus spending bill during the lame session on “Kudlow.” So far this year, we have official estimates of economic growth and inflation for the first three quarters or the first nine months of 2022. The results are very poor. First, the …

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Larry Kudlow: 'More welfare without work' is the 'battle cry of the radical Democrats'

Larry Kudlow: ‘More welfare without work’ is the ‘battle cry of the radical Democrats’

Leave a Comment / Economy / By

FOX Business host Larry Kudlow discusses the state of the economy and the Democrats’ omnibus spending bill during the lame session on “Kudlow.” So far this year, we have official estimates of economic growth and inflation for the first three quarters or the first nine months of 2022. The results are very poor. First, the …

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Some lawmakers want to strip social security from high earners. Will this happen?

Some lawmakers want to strip social security from high earners. Will this happen?

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(Maurie Backmann) Social Security is financially fragile. In future years, the program expects to owe more benefits than it takes in as baby boomers leave the workforce, reducing its main source of revenue, payroll taxes. If lawmakers fail to find a way to pump more money into Social Security, the program may have to cut …

Some lawmakers want to strip social security from high earners. Will this happen? Read More »