There’s no question that in our American land of prosperity, many people will retire comfortably. But a much larger percentage of the population is in danger of working for 40 years and then retiring on the equivalent of minimum wage. The average 401(k) balance in America is around $230,000, and the average Social Security payment per person comes to about $18,000 a year.
If you do any investment searches online, you have probably noticed the “Two Top Robinhood Stocks to Buy in September,” or “Top 5 Penny Stocks on Robinhood to Watch for September”—or, well, you can find actual pages of listings of ‘top’ stock touts and tips from the popular trading app.
The financial media took a brief break from predicting everything that will happen in 2021 (don’t laugh; it’s their yearly habit) to bring us the engaging story of modern David versus Goliath. The focus was on how masses of small amateur investors managed to bid the share prices of three largely unprofitable companies—GameStop, AMC Entertainment Holdings, and Blackberry—up nearly 1,000 percent, collectively.
Nearing retirement, your thoughts start to drift farther and farther away from the job at hand and closer to what you’ll be able to do in all that free time. You think of catching up on some reading, enjoying an afternoon on the back nine, or traveling the world.
The U.S. Census Bureau has released its official 2020 state population counts and there are census winners and losers. The census is a labor-intensive exercise conducted every 10 years. This data will be used in Congressional redistricting efforts this fall, but for now, we can see which states are net gainers of seats in the U.S. House of Representatives, and which states have lost seats.
How do people in different countries spend the 24 hours allotted to us each day? A recent survey divided a day’s activities between sleep, work, eating, and leisure time. The survey found some surprising differences.