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Fifty-Somethings Attain Seven-Figure Net Worths at Record Pace, Surpassing $1 Million in Household Wealth

Baltimore, Maryland – A recent survey has revealed that the average American household’s net worth has surpassed $1 million by the age of 50. The surge in household wealth has been attributed to the record pace at which it has grown during the pandemic. According to the federal Survey of Consumer Finances, the median net worth of American families soared by 37% between 2019 and 2022, reaching $192,900 after adjusting for inflation. This marks the …

Retirement Savings Account Holders Transfer Record N462 Billion in 2023, Marking Highest Switch Rate on Record

LAGOS, Nigeria – A total of 101,820 Retirement Savings Account (RSA) holders switched their Pension Fund Administrators (PFA) in 2023, marking a 10.2% increase from the previous year and setting a new record for the highest number of transfers. The value transferred amounted to N462 billion, a sharp 28% increase from the previous year and bringing the total transferred since the reopening of the transfer window in Q4 2020 to N1.14 trillion. This trend is …

Pension Fund Performance Soars to Record $55 Billion After Turnaround Under Treasurer Russell

Hartford, Connecticut – The state pension fund’s performance has recently hit an all-time high of $55 billion, as Wall Street continues to achieve record-breaking success. Throughout the 2023 calendar year, the pension funds experienced a notable increase of 12.8%, propelling Connecticut to higher ranks nationally. In a recent study conducted by the Yale School of Management, it was revealed that Connecticut had experienced a significant turnaround from previously being ranked as the second-worst pension fund …

Health Insurance Sign-Ups Soar Under Affordable Care Act: Record Numbers Enroll in 2024

MIAMI, FLORIDA – A record number of Americans have enrolled in health insurance through the Affordable Care Act, with 21.4 million individuals selecting marketplace plans in 2024. Health and Human Services Secretary Xavier Becerra highlighted the success of the program, emphasizing that more Americans now have access to quality and affordable healthcare than ever before. Becerra praised President Biden’s efforts in expanding healthcare coverage, particularly for working individuals across the country. In Florida alone, over …

Horror Film “Late Night with the Devil” Earns $666,666 in Box Office on Sunday, Setting Record

Los Angeles, CA – The box office had a thrilling weekend with the release of several new films captivating audiences. One standout was the horror film “Late Night with the Devil,” which took sixth place and earned $2.8 million in total, including $666,666 on Sunday alone, according to Variety. “Late Night with the Devil,” produced by IFC Films, follows the story of a fictional talk show host planning a Halloween special in the late 1970s, …

Dow Fails to Break 40,000 Barrier Despite Record Highs

New York – Investors on Wall Street capped off a strong week as the Dow Jones Industrial Average closed with a minor decline of 0.7% on Friday, failing to reach the coveted 40,000 mark during regular trading hours. Despite this, the index still achieved its best performance since December, marking a significant milestone for the market. Throughout the week, all three major indexes saw consecutive sessions ending at record highs and the Nasdaq setting a …

Medicare Fraud Cases Expose Trump’s Controversial Clemency Record

Miami, Florida – Former President Donald Trump faced backlash for his recent comments on cutting entitlement programs, specifically Social Security and Medicare. Despite his claims to reduce spending by targeting waste and fraud in these programs, a review of his record reveals a contradicting pattern of using his clemency powers to assist individuals convicted in major Medicare fraud cases. During his final year in office, Trump commuted the sentences of at least five individuals involved …

401(k) Emergency Withdrawals Skyrocket Amid Rising Inflation Crisis: Vanguard Data Shows Record Numbers Making Tough Financial Decisions

New York, USA – In response to the ongoing inflation crisis, a growing number of Americans are resorting to emergency withdrawals from their 401(k) retirement plans to mitigate financial hardships. Data from Vanguard Group reveals that nearly 3.6% of workers with employer-sponsored 401(k) plans made “hardship” withdrawals in 2023, representing a significant increase from previous years and marking the highest level since data tracking began in 2004. Hardship withdrawals allow individuals to access their 401(k) …

Retirees Facing Record High Costs as Aussies Need $51,278 to Fund Golden Years

Melbourne, Australia – The cost of retirement for Australians has reached a new record high, with single retirees now requiring $51,278 per year for a comfortable retirement, according to the Association of Superannuation Funds of Australia (ASFA). For couples, the figure stands at $72,148 per year, reflecting an annual increase of around 3.5 percent, which is lower than the official inflation figure of 4.1 percent. ASFA CEO Mary Delahunty noted that retiree budgets have been …

Snowstorm Warning: Major Storm to Bring Record Snowfall to Colorado and Surrounding Areas

Denver, Colorado is bracing for a major winter storm that is expected to bring heavy snowfall to the region. The storm is set to impact not only Denver but also the foothills and mountains to the west of the city. Winter weather alerts have been issued for a vast area stretching from the mountains of Arizona and New Mexico to southern Montana. The National Weather Service is anticipating significant snow accumulation in the mountains of …