JANUARY 22, 2024
For many Hindus, the Ramayana is simply the divine truth revealed to Valmiki. But while the epic is familiar and beloved across India and Southeast Asia, Ram has not been a widely worshipped figure in eastern or southern India. Hindus in West Bengal, Tamil Nadu and Kerala prayed to goddesses, or to local deities, or other avatars...
Business
People are using cash transfers like basic income to pay rent, and it shows just how badly a housing-crisis solution is needed
JANUARY 22, 2024
An 'Apartments for Rent' sign hangs in front of a building on December 06, 2022 in Miami Beach, Florida. Joe Raedle/Getty Images
A growing number of Americans who qualify for government housing assistance aren't getting it.
Experimental basic income programs and other temporary aid often go towards rent.
Researchers are experimenting with a basic income to replace...
Business
Why I started using this blunt cover letter after applying to more than 1,200 jobs and rarely hearing back
JANUARY 22, 2024
Kevin Cash. - Courtesy Kevin Cash.
Kevin Cash has applied to more than 1,200 jobs since being laid off in November 2022.
He started using a "no-nonsense" cover letter after getting fed up with not hearing back.
Cash hopes recruiters will start thinking about applicants as people who need to make a living.
This as-told-to essay is based on...
Business
‘What’s the point of earning this money?’: Ramit Sethi says many Americans are reaching for a financial goal that means nothing. Is he right?
JANUARY 21, 2024
Sethi urges pursuit of concrete financial goals. - Jemal Countess / Getty Images
What does it mean to live a rich life?
It’s a question money personality and financial coach Ramit Sethi asks people regularly — and all too often, he gets the same answer: to do what I want, when I want.
While strong money management could unlock that...
Business
‘An economic divide that is widening’: Almost one third of Americans earning $150,000 a year or more report living paycheck to paycheck — and many rely on credit cards...
JANUARY 21, 2024
One third earning $150K report financial struggles. - Nestea06 / Envato
t’s not just low-income Americans drowning under inflation and interest rates — some higher-income folks are feeling the strain on their wallets as well.
Data from a survey conducted in 2023 by personal finance software company Quicken revealed that 32% of Americans earning at least $150,000 a year...
JANUARY 21, 2024
A retired couple looking at a basket of flowers. - Getty Images
If you're nervous about saving for retirement, you're not alone.
According to a recent survey from Bankrate, 56% of Americans said they feel behind on saving for retirement. In another survey, a third of Americans said they would need at least $1 million to retire comfortably, but...
Business
‘I don’t have a lot of cash’: Billionaire Ron Baron says the US pays for wars, pandemics by ‘making your money worth less’ — and he’s never owned a...
JANUARY 21, 2024
Billionaire Ron Baron says he's never owned a bond.
Markets are sensitive to geopolitical conflicts. With crises in Ukraine and the Middle East, investors are grappling with increased uncertainty. This may lead some to question whether it’s time to take a different approach to asset allocation.
For billionaire investor Ron Baron, stocks remain a staple.
In a November interview with...
Business
Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich
JANUARY 21, 2024
Worst investing mistakes baby boomers can make.
Baby boomers may have had the best financial start of all the generations — coming of age when salaries kept up with the cost of living and goods and services were affordable — but that doesn’t mean they’ve stayed in the same financial class they started out in.
Everyone spends money differently,...
Business
The average retiree spends $4,818 on monthly expenses — and burns 75% of that on these 4 things. How does your own spending stack up?
JANUARY 21, 2024
Retirees burn 75% of expenses on 4 categories. - Robert Kneschke / Shutterstock
The average American 65 years of age and up earns an annual pre-tax income of $60,359, and that same group spends $57,818 yearly, or $4,818 a month, according to the Bureau of Labor Statistics (BLS).
That income doesn’t leave a lot of extra cash for unexpected...
JANUARY 19, 2024
heard it so many times in the weeks and months after I lost my son: “I don’t know what to say.” “I don’t want to say the wrong thing.” “Nobody knows what to say.” “There are no words.”
I know so much now that I didn’t know a year ago, before the night my healthy, growing, wiggling baby...