With Holidays Ahead, Can Consumers Keep Carrying the Economy? Approximately two-thirds of the United States’ gross domestic product (GDP) is fueled by consumer spending, highlighting its significant influence on either propelling or hindering economic growth. Despite the challenges posed by sustained high inflation and increasing interest rates over the past year and a half, American […]
Rescuing America’s Safety Net A March 2023 survey found that more than 90% of Americans worry about the Social Security program, and about half of those said they worry a great deal.1 A separate survey the same month found that more than 80% of Americans worry Medicare will not be able to provide the same […]
SECURE 2.0 Helps Small Employers Help Their Employees Approximately 78% of people who work for companies with fewer than 10 employees and about 65% of those who work for companies with 10 to 24 employees do not have access to a retirement plan at work. 1 That’s unfortunate, because workers with a retirement plan are […]
Bank Failures Shine Light on Interest Rate Risks Financial markets reacted turbulently to the collapse of Silicon Valley Bank (SVB) on March 10, 2023, followed two days later by the failure of Signature Bank of New York. With $209 billion in assets and $175 billion in deposits, SVB was the nation’s 16th largest bank and […]
