Many of us would like to age in place, but will it be possible?
“We have IRAs of $1. 2 million, stock investments of $50,000 and $30,000 in cash in a local bank.”
Next week’s Republican convention and next month’s Democratic convention are both likely to feature hyperbole about their respective nominee’s track record on economic issues and the opposition’s proposals. So what does the market itself say?
Despite record levels for stock prices and rising bullishness on Wall Street, JPMorgan Chase didn’t stray from its more conservative outlook on the risk to the economy from inflation, geopolitical upheaval and other potential pitfalls.
Bank of New York Mellon’s stock jumped into record territory Friday, after the trust bank reported a second-quarter earnings beat and approved a 12% boost to its dividend.
Also: Estate planning mistakes, a hot bond market and a possible rotation for stocks.
Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year.
This may come as a surprise to some: U.S. presidential elections and policies don’t impact the short-term cost of gasoline at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.
