Saturday, 8 August 2020

The average American savings balance by age, household size, and education level

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. The average American family has $40,000 in liquid savings, across…

From Bourbon Street to Food Banks, Signs of a Slow U.S. Recovery

What exactly does the Mall of America, with enough space for nine Yankee Stadiums, look like without throngs of Midwestern shoppers? Or Bourbon Street in New Orleans free of revelers? Or breadlines in the teeth of an economic meltdown? These are the kinds of questions the 2020 pandemic raises about…

QAnon Is Running Amok, and the Time Has Come for Interventions

SHARE THIS ARTICLE Imagine it’s Thanksgiving or Christmas dinner, the one where the entire extended family shows up. There’s a little corner of the long dinner table where you put the relatives most likely to be awkward, so they can chat among themselves. You know who they are, the uncle…

Here's why Trader Joe's customers should be congratulated

Varney: Are Trader Joe’s products racist? FOX Business’ Stuart Varney argues that Trader Joe’s denying racist claims is a There’s good news on the “flattening the curve” front. I’m not speaking of the infamous one for the coronavirus that was initially set for 15 days and has turned into months,…

Black Unemployment Nearly 15% and Not Improving

The July Employment Summary issued by the U.S. Bureau of Labor Statistics (BLS) for July showed sharp improvement compared to June. Nonfarm payrolls rose 1.8% and the unemployment level dropped to 10.2%, about the same as it was at the worst point in the Great Recession. Most segments of the…

​​​​​​​Ambani Eclipses Richest European to Become World’s No. 4

Mukesh Ambani has surged past Europe’s wealthiest man, making him the world’s fourth-richest person. Reliance Industries Ltd.’s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France’s Bernard Arnault, whose LVMH Moet Hennessy…