Older Americans are increasingly ‘unretiring’ to deal with elevated consumer prices and worsening financial positions. According to a recent survey by Paychex, 55% of retirees who went back to work in the last year said they did so because they needed more money. Most surprising, to me at least, the survey found that 1 in 6… Continue Reading
Category Archives: General Interest
Inflation Has Eroded Household & Business Confidence
US inflation as measured by the Consumer Price Index (CPI) unexpectedly soared to 9.1% (annual rate) last June, the highest level in 40 years. This sent prices for most consumer goods significantly higher and crimped budgets for millions of Americans. The CPI has since retreated to an annual rate of 4.9% but it’s still over… Continue Reading
Police Agencies See Alarming Levels Of Officer Turnover
Police departments around the country, especially in large urban areas, are experiencing alarming increases in the rates of officer resignations, early retirements and moving to smaller suburban law enforcement agencies. This trend poses a significant challenge to American policing at a time when many cities are grappling with rising violent crime rates and budgetary constraints.… Continue Reading
Another Debt Ceiling Showdown – They Just Never Learn
Here we go again. The US exceeded the current debt ceiling of $31.4 trillion back in January. Since then, the Treasury has been paying the nation’s bills by using so-called “extraordinary measures,” taking money from other sources to meet the country’s obligations. However, those extraordinary measures are expected to be exhausted around June 1 –… Continue Reading
Nervous Depositors Pull Money From Regional Banks
Federal Reserve data showed that bank customers collectively pulled nearly $100 billion from accounts for the week ended March 15, as Silicon Valley Bank and Signature Bank failed, in a sign they are less confident with regional institutions. This despite the fact that the Federal Deposit Insurance Corporation (FDIC) guaranteed all deposits at the two… Continue Reading