As members of Generation X, born between 1965 and 1980, approach retirement age, the pressure to save for their golden years is mounting. A report from Natixis Investment Managers in 2024 revealed that about 48% of Gen Xers are concerned that they won’t have enough money to enjoy their retirement. Additionally, 31% fear that they
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The recent decrease in mortgage rates did not seem to excite consumers as much as expected. Despite the drop in average contract interest rates for 30-year fixed-rate mortgages, mortgage application volume only rose by a modest 0.9%. This minimal increase suggests that consumers may not be as responsive to rate changes as previously thought. The
Ratings agency Fitch has adjusted its predictions for China’s policy rate, pushing back expectations for a reduction until next year. Initially, Fitch projected a cut in 2024, but now anticipates that China will maintain its one-year medium-term lending facility (MLF) rate at 2.5% for the rest of this year and reduce it to 2.25% in
In recent years, the box office has been missing a crucial element – family films. While a few hits such as “Super Mario Bros.” have managed to attract audiences, many family features either opted for streaming releases during the pandemic or were spaced out so much on the calendar that any momentum was lost. However,
The United Arab Emirates has emerged as the world’s leading wealth magnet for the third consecutive year, according to the Henley Private Wealth Migration Report. The report predicts an unprecedented net inflow of 6,700 millionaires into the tiny Gulf nation by the end of 2024. This staggering number dwarfs the expected inflow of 3,800 millionaires
Recently, British fintech firm Zilch made headlines with the announcement of a $125 million debt financing deal with German banking giant Deutsche Bank. This injection of capital is set to propel Zilch into a new phase of growth, enabling the company to triple its sales in the next few years and edge closer to an
Recent data released by the U.S. Bureau of Labor Statistics has revealed a positive trend for American workers – an increase in real hourly earnings. This means that the average worker in the private sector saw their wages grow by 0.8% from May 2023 to May 2024 after accounting for inflation. This increase in real
Owning a home is often seen as a way to build wealth and pass it on to future generations. However, the issue of heirs’ property poses a significant threat to this wealth transfer. When homeowners die without a will and informally leave property to multiple descendants, it can lead to a complex situation where the
XReal, an Alibaba-backed startup, has recently launched a new Android mobile device called the Beam Pro that allows users to enjoy games and movies on Google Play Store apps in three dimensions when used with augmented reality (AR) glasses. This latest product is a significant step in the AR space, especially after Google retired its
Generation X, typically defined as individuals between the ages of 44 and 59, has been largely overlooked in discussions about the impending Great Wealth Transfer. As baby boomers prepare to pass down their fortunes to the next generation, it is clear that Gen Xers stand to benefit the most in the near term. According to