Wealth and Wisdom: Week of October 2, 2023
We enter the fourth and final quarter of 2023 with all of the uncertainties with which the year began. Will we ever have the recession everyone was predicting this time last year – and if so, why is it taking so long to get here? Has the Fed stopped raising interest rates – and if so, how long will they stay at this level? Will the Cardinals make some serious moves in the off-season to make the team more competitive – and if so, will it begin with pitching?
Clearly, if it were easy to come by the answers to these questions we would all have enough money to buy our own baseball team – and all the headaches that come along with it. “Ours is not reason why,” said the great poet. Ours is but to wait for spring training. I will be away from my desk next week; the next edition of Wealth and Wisdom will hit your inbox the week of October 16.
Failure to launch?
Nearly half of U.S. parents are helping out their adult Gen Z and millennial children financially. Here’s what is holding them back. (Reading time: 4 minutes)
How your college major affects your salary
Engineers make top-dollar incomes. On the other end of the scale – they call them ‘starving artists’ for a reason. (Reading time: 3 minutes)
Helping employees save for an emergency
Delta Air Lines is joining a list of companies giving money to employees for a rainy-day fund. (Reading time: 4 minutes)
How A.I. is helping gig workers
Artificial intelligence is helping innovative workers juggle their side hustles – possibly creating a $1.4 trillion industry in the process. (Reading time: 1 minutes)
Flying over the holidays? Book now
There are bargains to be had in air fares – but if you want to save money, don’t wait past October 14 to claim them. (Reading time: 3 minutes)
Do you suffer from FORO?
“Fear of Running Out” is keeping many retirees from fully enjoying their golden years. Here’s a three-step process to help ease your fears. (Reading time: 5 minutes)
Expenses you can cut in retirement
From commuting costs to the clothes you wear to work – there are some expenses you can drop from your budget once you retire. (Reading time: 5 minutes)
Maxing out on Social Security
When it comes to getting your money’s worth out of Social Security, it’s what you don’t know that can hurt you most. (Reading time: 3 minutes)
The problem with financial ‘journalism’
Financial journalists have an uncanny knack for recommending top-performing investments – right after they’ve had their day in the sun. (Reading time: 4 minutes)
We’ve got it better than we know
Americans are in better shape than most of the rest of the world – despite the financial mistakes we keep repeating. (Reading time: 4 minutes)
Words to the Wise
“The market owes you nothing. Take full responsibility for everything that happens and your results will improve.”
– Dan Zanger
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