Money

The “unlucky” generation facing a retirement nightmare

Published

5 months ago

December 27, 2023

ticker NEWS

A recent study has revealed that Generation X, born between 1965 and 1980, is grappling with the most significant wealth gap of any generation in modern history.

This alarming revelation has sent shockwaves through the financial world, leaving many Gen Xers anxious about their retirement prospects.

The study, conducted by leading economists, highlights a multitude of factors contributing to this dire situation.

Firstly, Gen X faced the brunt of economic downturns during their prime earning years, including the dot-com bubble burst and the 2008 financial crisis.

This disrupted their ability to accumulate wealth.

Secondly, stagnant wage growth and rising living costs have made it increasingly challenging for Gen X to save adequately for retirement.

Many are burdened with student loan debt and mortgages, leaving little room for meaningful investments.

To compound matters, Gen Xers are sandwiched between supporting their aging parents and financially assisting their own children through higher education and early adulthood, further eroding their financial security. #featured #retirement

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

7 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending