Wealth Watch

The big (or continued) events of this past week were focused on Tesla and China.  Tesla’s founder, Elon Musk, galloped well into the lead of world’s richest person, now worth almost $300 billion after these stock returns in just the past month: The primary reason for the huge gains was…

This week saw the S&P 500 hit its 55th record close of the year, a terrific result for that allocated element of our current account balances.  Plenty of reasons exist to support continued gains in stock prices: Inflation remains rampant, with no signs of abatingReturns on cash remain minimalNew investment grade…

good news for some of you!  Social Security benefits are going to rise by 5.9% for next year, which will translate to about $92 more per month.  This is the largest increase in the last four decades: The bad news?  This is where most of the extra dollars will go…

As noted in the jobs report issued this week, worker shortages continue to persist.  Worse news is that the unemployment rate fell to below 5%; while that would otherwise be encouraging, the lower new-job count means more folks are LEAVING the workforce (the calculation only considers people seeking employment): Demand…