Boomers say it takes $2.8 million USD to be wealthy in 2024, per Bloomberg

Boomers say it takes $2.8 million USD to be wealthy in 2024, per Bloomberg. Millennials say it takes $2.2 million. Gen Z says it takes $1.2 million. A new Charles Schwab survey found out the dollar amount of what Americans think is considered wealthy. The estimation showed

NASA has just announced that SpaceX, Elon Musk of TSLA’s company, will bring back the stranded BA astronauts from the International Space Station using their Dragon capsule

Two NASA astronauts who traveled to the International Space Station in June aboard Boeing's troubled Starliner capsule will now return to Earth on a SpaceX vehicle early next year, NASA officials announced Saturday. They deemed the issues with Starliner's propulsion system too risky for its first

Elon Musk has said: We are working on highlighting more banger content from (currently) small 𝕏 accounts

In a tweet, Musk said, "We are working on highlighting more banger content from (currently) small accounts. Our current algorithm shows too much from accounts that are big already." This is part of Musk’s larger push to create a more balanced and diverse content ecosystem on Twitter.

Cheap foreign labour soars in Canada as young workers are left jobless

Youth unemployment rates in Canada have been climbing rapidly. Two years ago, the unemployment rate for individuals aged 15 to 24 was slightly over 9%. Today, it stands at 14.2%—the highest level in over a decade, excluding the COVID-19 pandemic. The situation is even more severe for young

World's biggest economies in 2075, projected by Goldman Sachs, $GS

Goldman Sachs Research initially laid out long-term forecasts for the economies of Brazil, Russia, India, and China (the BRICs) nearly 20 years ago, expanding those predictions in 2011 to include additional countries. In their latest analysis, the scope now includes 104 nations, projecting economic trends from now until 2075. Global

Real estate insolvencies in Canada set to surpass levels of global financial crisis

Real estate insolvencies in Canada set to surpass levels of global financial crisis. Residential property developers are increasingly facing insolvency as they grapple with rising borrowing and construction costs, and experts warn this trend is likely to worsen as interest rates remain high. The number of insolvent real estate companies

New U.S. homes are selling for $3.50 less per square foot than old ones, the widest gap in at least six years

New U.S. homes are selling for $3.50 less per square foot than old ones, the widest gap in at least six years, per Zillow. It might sound surprising, but newly built homes are now cheaper than older ones, despite having never been lived in. In May, new homes

More than half of residential investors (52%) have lost $100,000 or more on a single real estate investment

Nearly 90% of residential real estate investors have experienced losses, with 42% saying they've lost more money than they've earned, according to new research by Clever Real Estate, a company based in St. Louis. Additionally, 42% of investors reported losing $200,000 or more on a

Millennials, once perpetually behind, are now suddenly wealthier than other generations were at their age

Millennials and older Gen Z combined had a total wealth of $13.2 trillion in the first quarter of 2024, according to a report from The Wall Street Journal citing Federal Reserve data. This marked a significant jump from just $4.5 trillion in 2020, largely driven by real estate

Nearly 29% of single family homes were purchased by investors in Miami

Nearly 29% of single family homes were purchased by investors in Miami, per Redfin. At the beginning of last year, investors significantly pulled back, with their home purchases plummeting nearly 50%, according to Redfin. This drop wasn't far off from the broader decline in existing home sales, which

Fed Chair Jerome Powell has said: The time has come for policy to adjust

Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts during his speech on Friday but stopped short of providing specific details on when or how much rates might be reduced. "The time has come for policy to adjust," Powell said in his keynote address at the

Powell became "dovish" and said the "time has come" to cut interest rates

Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts during his speech on Friday but stopped short of providing specific details on when or how much rates might be reduced. "The time has come for policy to adjust," Powell said in his keynote address at the

California’s population has shrunk by more than 570,000 since 2020

California’s private sector is significantly trailing behind the broader U.S. post-pandemic job recovery, according to an analysis by Stanford University's Hoover Institution. While the U.S. economy saw a strong gain of 7.32 million private-sector jobs from January 2022 to June 2024, California’s contribution

More women are skipping college to make more self-perceived income as electricians, car mechanics and truck driver

With the soaring costs of tuition at four-year colleges and nearly $2 trillion in U.S. student loan debt, some young people are reevaluating the value of a traditional bachelor’s degree and choosing to pursue hands-on work instead. Vocational school enrollment surged 16% last year, reaching the highest levels

Almost 4% of the world's total working hours could be lost to climate-induced high temperatures by 2030

Europe is warming at twice the rate of other continents, and heatwaves are becoming more severe. Two years ago, around 70,000 people lost their lives due to extreme heat. This year, Barcelona recorded its hottest day ever in July, while Paris and London are bracing for their hottest days

Gen Z leads in homeownership, especially in the Midwest, outpacing millennials and Gen X

A recent SmartAsset analysis shows that cities like Indianapolis, St. Louis, and Cincinnati are experiencing a surge in Gen Z homeownership, while California and the Northeast lag behind. Under 25 and making waves, these young buyers are purchasing homes at an impressive rate. In 2023, nearly 28% of 24-year-olds were

The average for a 30-year, fixed loan was 6.46%, down from 6.49% last week, Freddie Mac said

The average rate for a 30-year mortgage dropped to its lowest point in 15 months, providing much-needed relief for homebuyers in a challenging housing market. Freddie Mac reported on Thursday that the rate fell to 6.46%, down from 6.49% the previous week. A year ago, the rate was

Donald Trump has said: "for too long, the average American has been squeezed by the big banks and financial elites"

Donald Trump has said: "for too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand together." Former President Donald Trump promoted his family’s upcoming cryptocurrency platform, "The DeFiant Ones," in a Truth

FDA approves updated Pfizer, $PFE, Moderna, $MRNA, Covid vaccines as virus surges, per CNBC, with shots to be available within days

The Food and Drug Administration (FDA) approved updated Covid vaccines from Pfizer and Moderna on Thursday, clearing the way for the new shots to be available to most Americans in the coming days, amid a summer surge in cases. These vaccines are designed to target a strain called KP.2,

The US Supreme Court has partly granted the GOP request to enforce Arizona’s proof-of-citizenship voting law, while rejecting other GOP requirements

The US Supreme Court has partly granted the GOP request to enforce Arizona’s proof-of-citizenship voting law, while rejecting other GOP requirements. A divided Supreme Court has partially granted an emergency request from the Republican National Committee (RNC) to enforce an Arizona law that mandates documentary proof of citizenship for

The McDonald’s, $MCD, instagram was hacked, where it pumped and dumped a $SOL solana altcoin

McDonald’s official Instagram page was briefly taken over by a crypto scammer who claimed to have stolen $700,000 worth of Solana from unsuspecting users. The hack, which occurred on August 21, 2024, marked the latest in a series of incidents where high-profile social media accounts have been compromised

In total, US payrolls have been revised down by nearly a million, revised down by 818K

The U.S. economy created 818,000 fewer jobs than initially reported for the 12-month period ending in March 2024, according to a Labor Department announcement on Wednesday. This revision, part of the Bureau of Labor Statistics' (BLS) preliminary annual benchmark adjustments, revealed that job growth was nearly 30%

A federal judge in Texas has tossed out the FTC Ban on noncompete agreements, saying the commission doesn't have the authority to issue the ban

A federal judge in Texas has blocked a new Federal Trade Commission (FTC) rule that aimed to make it easier for employees to leave their jobs and work for competitors. The rule, which was set to take effect on September 4, has now been halted following the court’s decision.

Bankrate has found the average American needs an income of $186,000 to live comfortably. Currently, the average full-time worker makes about $79,000, according to the U.S. Census Bureau.

Many Americans are falling short of the income they believe is necessary for a comfortable life, and most doubt they will ever reach that level. According to Bankrate's annual Financial Freedom Survey, only 6% of Americans who have a clear idea of their desired earnings report that they

10% of married Americans have saved $100,000, while only 3% of single Americans have reached that milestone

A recent survey by GOBankingRates revealed that only 14% of American adults have managed to save $100,000 or more for retirement, raising significant concerns about financial preparedness. Even more worrisome, 78% of respondents reported having saved $50,000 or less, with nearly 37% admitting they have not started saving