40% of middle-income Americans say they're depressed about their finances as inflation and higher interest rates take a huge mental toll | Gen Z wants to retire early, but they’re finding that the cards are stacked against them | Inside Dominica, The Tiny Caribbean Island Offering "Golden Passports" To Billionaires And Oligarchs | The Snow Crab Vanishes

View online | Unsubscribe (one-click).
For inquiries/unsubscribe issues, Contact Us

?

?

?

?

?

?

Want to accelerate software development at your company? See how we can help.

Want to accelerate software development at your company? See how we can help.

40% of middle-income Americans say they're depressed about their finances as inflation and higher interest rates take a huge mental toll - Fortune

More than half of middle-income earners in the US have a negative view about their finances and a third expect to be worse off over the next year, according to a survey by Primerica.

Some 51% of respondents said their finances were either not so good or poor. That’s the largest share in the quarterly poll that began in 2020, adding to evidence how a higher cost of living is impacting the lives of more Americans.

The online survey of 1,150 adults with incomes between $30,000 and $130,000 was conducted for the financial services firm from Sept. 14-18. The margin of error is 3.3%.

Continued here

?

?

?

?

?

?

Don't like ads? Go ad-free with TradeBriefs Premium

Want to accelerate software development at your company? See how we can help.

Want to accelerate software development at your company? See how we can help.

Gen Z wants to retire early, but they’re finding that the cards are stacked against them - Fortune

Much like the precociously depressed Charlie Brown, Gen Z is looking at their career trajectory and feeling some grief—or “good grief” in particular. Wading into a more challenging economy than their parents, these junior employees are finding luck is just not in their favor when it comes to saving up enough money to leave the workforce.

Almost all (99%) of Gen Zers report they’ve faced hurdles in saving for a comfortable retirement, according to Charles Schwab’s annual 401(k) Participant Survey of 1,000 U.S. adults. That’s a 9% increase from last year.

Having had more time to save, other generations are also worried but not quite as much—88% of millennials, 91% of Gen Xers, and 86% of boomers say they’ve struggled to save for the light at the end of the retirement tunnel. Still, those percentages are quite high, indicating that retirement requires an ostrich-sized nest egg these days. Experts agree that $1 million is no longer enough to comfortably leave the workforce.

Continued here

?

?

?

?

?

?

Inside Dominica, The Tiny Caribbean Island Offering “Golden Passports” To Billionaires And Oligarchs - Forbes

Since 1993, the tiny Caribbean island nation of Dominica has allowed foreigners to buy citizenship in a bid to attract more investment into the local economy. The price for a passport is $100,000 invested in a government fund or $200,000 in a government-approved real estate developmentâa cheap proposition for billionaires and wealthy investors seeking a better travel document or a way out of their home countries.

Dominican authorities call the program the "fastest, longest-running and most affordable" citizenship by investment scheme in the world. They also claim to run "due diligence checks" on all investors. But a new cross-border investigation, named Dominica: Passports of the Caribbean, found that the country has given passports to at least three Russian oligarchs who have since been sanctioned and a controversial crypto investor now wanted in Singapore.

The joint investigation is a collaborative cross-border effort by the Organized Crime and Corruption Reporting Project, the Washington D.C.-based nonprofit the Government Accountability Project, and more than a dozen media partners including Forbes. It began after the Government Accountability Project obtained the names of roughly 7,700 people who have bought Dominica passports in recent years. These names were compiled from official documents published by the government of Dominica and supplemented via certain leaked documents and corporate filings. They were then sifted through by reporters from more than 20 countries.

Continued here

?

?

?

?

?

?

The Snow Crab Vanishes - WIRED

My small turboprop plane whirred low through thick clouds. Below me, St. Paul Island cut a golden, angular shape in the shadow-dark Bering Sea. I saw a lone island village—a grid of houses, a small harbor, and a road that followed a black ribbon of coast.

Some 330 people, most of them Indigenous, live in the village of St. Paul, about 800 miles west of Anchorage, where the local economy depends almost entirely on the commercial snow crab business. Over the past few years, 10 billion snow crabs have unexpectedly vanished from the Bering Sea. I was traveling there to find out what the villagers might do next.

The arc of St. Paul’s recent story has become a familiar one—so familiar, in fact, that I couldn’t blame you if you missed it. Alaska news is full of climate elegies now—every one linked to wrenching changes caused by burning fossil fuels. I grew up in Alaska, as my parents did before me, and I’ve been writing about the state’s culture for more than 20 years. Some Alaskans’ connections go far deeper than mine. Alaska Native people have inhabited this place for more than 10,000 years.

Continued here

?

?

?

?

?

?

You are receiving this mailer as a TradeBriefs subscriber.
We fight fake/biased news through human curation & independent editorials.
Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month
If you still wish to unsubscribe, you can unsubscribe from all our emails here
Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 93544947