Retirement Savings Crisis in the U.S.

A survey by asset management company Schroders found that only 4% of retirees are 'living the dream,' while 4% are 'living the nightmare.' Most retirees fall in between, with concerns about inflation, health-care costs, market downturns, and outliving their savings. Experts warn of a retirement savings crisis in the U.S., as many workers lack adequate savings to maintain their standard of living in retirement.

USPS Stamp Price Increase

The USPS has proposed a 7.8% price increase for stamps to achieve financial stability, with various stamp prices set to go up by up to ten cents. This would be the sixth price increase on mail products since 2020.

Treasury Secretary Janet Yellen's Meetings in China

Treasury Secretary Janet Yellen is visiting China for four days of meetings with Chinese officials to increase high-level communication and deepen dialogue. She will discuss unfair trade practices, global economic consequences of Chinese industrial overcapacity, countering illicit finance, financial stability, climate change, and resolving debt distress in developing nations.

The Historical Significance of Gold in Financial Stability

Gold has historically been a symbol of wealth and power, with nations hoarding it for financial security. Retirees can benefit from understanding gold's role in preserving purchasing power and as a hedge against inflation. Investing in gold can help safeguard retirement savings and provide long-term financial stability.

Cook County's Basic Income Program

Cook County's basic income program provides cash aid with no conditions, helping families manage rising costs and provide for their children. The program has received positive feedback from participants.