January 18, 2024

Money update

Newsweek -  Small mistakes while filing for Social Security routinely lead to Americans losing $100,000 or more.  According to Forbes, 96 percent of Americans lose an average of $111,000 in their Social Security income due to errors made while filing for benefits.  Because the Social Security handbook contains a whopping total of 2,728 rules, it's easy for retirees to end up regretting their filing decision. And if they make one mistake filing, it will follow them throughout the rest of their retirement.

AXIOS

 

Axios - The Midwest and Mountain West are America's latest new-business hotspots. New business applications — which rose 7.4% nationally — are an excellent indicator of economic sentiment. Few people try to start a company when they foresee bad times ahead.  By the numbers: Colorado (+115%), North Dakota (+37.7%) and Iowa (+33.7%) saw the biggest jumps in new business applications last year, according to U.S. Census Bureau data.

RBReich: Combined wealth of 5 richest billionaires...

In 2020: $405 billion
Today: $869 billion
They got $14 million richer…every single hour.|
Meanwhile, 60% of the global population has become poorer since 2020.

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