7:34 PM1 min read
92% of Grandparents Help Grandkids, but 11% Tap Retirement Funds
A survey finds widespread family support, but a smaller share say they have drawn from retirement savings to provide it.
The Senior List
Economy news
Every Economy story we have published, newest first.
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Economy
Page 2 of 4 · 74 stories
Wednesday, September 2319 stories
- 6:51 PM2 min read
Schiffer Warns California Billionaire Tax Could Drive Entrepreneurs Out
The proposed 5% levy faces November voters as business leaders warn of lost jobs and revenue, while supporters cite health care funding.
Proposition 40CaliforniaEric Schiffer
- 6:43 PM2 min read
Home Turnover Hits a Decades Low as Home Depot Sees No Thaw
CFO Richard McPhail says housing activity remains stalled, weighing on big home projects as owners stay put and borrowing costs stay high.
- 6:26 PM2 min read
Upfront, Mastercard Plan Commercial Cards for UAE SMEs
The partnership will let eligible businesses use approved financing for supplier bills and operating costs, starting with Upfront customers in the UAE.
MAUpfront
- 5:37 PM2 min read
One in Five Americans Calls Sports Betting an Investment
Bank of America survey finds younger adults more likely to see wagers as investing, while payment data show money flowing back falls short.
- 5:07 PM1 min read
Wild-Horse Boarding Can Count as Work for Early Social Security Claimants
How a rancher cares for federal horses, and how the land is leased, can change whether income affects early Social Security benefits.
Bureau of Land ManagementSocial Security AdministrationInternal Revenue Service - 4:37 PM2 min read
Mark Cuban Proposes New Panel to Police Healthcare Giants
Cuban says fines and lawsuits fail to deter large healthcare companies, and wants a taxpayer-funded commission to study stronger oversight.
Mark CubanGovernment Accountability OfficeHealCo - 3:26 PM1 min read
Retired Workers’ Average Social Security Check Reaches $2,086
The July figure applies to retired workers, not every Social Security recipient; your own benefit depends on earnings and when you claim.
Social Security Administration - 2:56 PM2 min read
Huang Welcomes Potential $8 Billion California Billionaire Tax
The Nvidia chief called a possible multibillion-dollar tax a privilege as California voters prepare to decide Proposition 40 in November.
NVDACalifornia - 2:56 PM1 min read
India’s Crude Import Bill Climbs 48% to $74.8 Billion
Nearly flat import volumes could not offset higher oil prices, lifting costs and widening pressure on India’s trade balance.
Indian Crude BasketBrent Crude - 2:47 PM1 min read
Amy’s Kitchen to Close Santa Rosa Plant in Production Overhaul
The frozen-food maker will move product lines among Oregon and Idaho facilities as it cuts about 260 jobs across its network.
Amy's Kitchen - 2:26 PM2 min read
SmartAsset Revisits 2023 Poll Opposing Social Security Age Hike
The 78% opposition figure comes from a 2023 Quinnipiac poll, as trustees now project combined reserves will run out in 2034.
Social SecurityQuinnipiac University - 2:26 PM2 min read
ECB Sees Energy Shock Keeping Eurozone Inflation High Into 2027
Philip Lane says inflation will ease toward the ECB’s 2% target from mid-2027 as higher energy costs spread through the economy.
European Central BankPhilip LaneBrent CrudeDutch TTF Natural Gas - 2:16 PM1 min read
A 0.75% Fee on $2 Million Costs $15,000 a Year
That rate is below a recent industry benchmark, but the value depends on the planning, investment work and total costs included.
- 2:06 PM2 min read
Barr Says Fed Likely Needs More Rate Hikes to Curb Inflation
The Fed governor backed last week’s increase and said persistent price pressures may require further tightening, even as mortgage costs strain homebuyers.
Federal ReserveMichael Barr - 1:36 PM2 min read
A 39-Year-Old’s $200,000 Nest Egg Faces a $1.46 Million Goal
A national retirement target is a survey response, not a personal deadline; savings rate, spending and investment returns change the math.
Northwestern MutualFidelity InvestmentsSocial Security - 1:12 PM1 min read
ICAEW Says Proposed Share-Capital Tax Rules Could Curb Growth
The accountants’ body warns planned changes may complicate buybacks and dividends, and urges the government to target tax avoidance another way.
ICAEWHM Revenue & Customs - 12:29 PM1 min read
Bessent Highlights Blue-Collar Pay Gains as Real Hourly Wages Slip
His manufacturing and construction figures measure gains since January 2025, while national data show real hourly pay fell over the past year.
Scott BessentU.S. Treasury - 10:13 AM2 min read
Why Trump’s 1% Rate Demand Could Raise U.S. Borrowing Costs
A drastic Fed cut might cheapen some loans briefly, but inflation fears could push Treasury yields higher and undermine the relief Trump is seeking.
Federal ReserveDonald TrumpKevin WarshU.S. Treasury
Wednesday, September 165 stories
- 6:25 AM2 min read
Canada Inflation Holds at 3% as Travel Costs Surge
August data kept headline inflation elevated, but stable core measures gave the Bank of Canada room to leave rates unchanged.
CADBank of Canada - 6:02 AM2 min read
Divorce Buyout Sends Home’s Tax Burden to the Spouse Who Stays
A $225,000 divorce payout may escape immediate tax, but the house’s embedded gain follows the spouse who keeps it.
Internal Revenue ServiceUtahReal Estate - 5:44 AM2 min read
Why Specialized Businesses Need Marketing Built Around Local Intent
Generic reach is losing ground to neighborhood-level search, trust networks and faster paths from discovery to booked business.
- 4:38 AM2 min read
Regan Capital’s Weinand Urges Half-Point Fed Hike as Yields Climb
Skyler Weinand says a larger move could restore Fed credibility and ease pressure at the long end of the Treasury curve.
Federal ReserveU.S. TreasuryRegan CapitalSkyler Weinand - 4:37 AM2 min read
Stocks Powered a Record $12.8 Trillion Wealth Surge in Q2
Federal Reserve data show equities supplied most of the gain, while household debt rose and economic growth cooled during the quarter.