Sage Investment Club

Amid stubborn inflation, 60% of Americans live paycheck to paycheck

Despite higher prices, consumers are still spending, although not as much as they were a year ago, which is giving their budgets some breathing room.As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report. That’s down from 64% a year earlier, suggesting […]

1 in 6 retirees are considering a return to the workforce

Mixetto | E+ | Getty ImagesFor some retirees, heading back to work has emerged as an aspiration.Roughly 1 in 6 retired Americans say they are mulling over whether to get a job, according to a recent study from Paychex. On average, those “unretiring” individuals have been out of the workforce for four years.The top reasons […]

54% of Americans are dipping into savings to pay for everyday expenses

Inflation is still taking a hefty toll on households, recent reports show.Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics.To make ends meet, 27% of Americans said they’ve had to take money […]

Investors Need To Prepare For Era Of ‘Big Government,’ BofA Says

Investors need to prepare their portfolios for mega economic and geopolitical trends that are sweeping the world and creating new market conditions that will make the next five much less certain than the last decade was, a Bank of America executive said. In particular, investors need to closely examine how much risk their […]

Wall Street to Jerome Powell: We don’t believe you

Do you want the good news about the Federal Reserve and its chairman, Jerome Powell; the other good news; or the bad news? Let’s start with the first bit of good news. Powell and his fellow monetary-policy-committee members just lifted short-term interest rates another quarter of a percentage point to 4.75%, which means retirees and […]

Can virtual reality help older adults battle loneliness?

Carl Hortsmann found a way to take his 87-year-old father scuba diving on the Great Barrier Reef, go skiing for the first time and bring him on a tour of his old neighborhood in Union, N.J., where he grew up – all with the help of virtual reality. As part of a first phase of […]

Addiction among older people is rising. How to spot the signs and get help.

In the 2021 movie “The Good House,” Sigourney Weaver plays an alcoholic in her early 70s. While there are dozens of movies about young people battling substance abuse, it’s startling to see an older person struggle with addiction.It’s easy to forget that older people can suffer from what doctors call “substance abuse disorder” just like […]