Personal finance news
August 2, 2026 — 5:01am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Having worked in the male-dominated field of finance for over 10 years now, I’ve seen many positive changes take place for women. Today, Australian women are attending university at record … Read more
Socialism threat: Big-name donors backing Democratic Socialists of America candidates Alexandria Hoff reports on the escalating threat of socialism as big-name donors increasingly back Democratic Socialists of America (DSA) candidates. Author Evan Barker, in her book “Nothing Left,” reveals how wealthy contributors disguise themselves as “grassroots” supporters through DSA backing, utilizing unpaid labor to save … Read more
Senator Tommy Tuberville, an Alabama Republican, on Thursday characterized Social Security as a “scam” and a “Ponzi scheme,” using a speech on the Senate floor to advocate for allowing Americans to retain and independently invest a greater share of their retirement savings. Tuberville, who is a member of the U.S. Senate Special Committee on Aging, … Read more
FOR many investors, the biggest threat to long-term returns is not a market crash, stubborn inflation or geopolitical shocks. Instead, it is often their own behaviour. That is the central message from Barry Ritholtz, co-founder and chief investment officer of Ritholtz Wealth Management, who argues that avoiding costly mistakes is often a more reliable path … Read more
Around two-thirds of European countries are expected to raise the retirement age for men, while three-quarters will raise it for women. ADVERTISEMENT ADVERTISEMENT According to Euronews’ analysis of data for 32 countries, men face higher retirement ages in 21 and women in 24. Across the EU, the normal retirement age is expected to rise by … Read more
Innamorato pushes back on Allegheny County pension crisis accusations in Pittsburgh Allegheny County District Attorney Stephen Zappala has accused County Executive Sara Innamorato of ignoring concerns about an allegedly underfunded county employees’ pension fund, citing a $1.4 billion unfunded liability. Innamorato responded to Zappala’s claims, stating that the issues surrounding the pension fund are longstanding … Read more
A senior Republican lawmaker is warning that millions of Americans could face automatic double-digit Social Security benefit cuts within the next several years unless Congress acts to fix the program’s finances. In a Senate floor speech Wednesday, Senate President Pro Tempore and Finance Committee member Chuck Grassley said the Social Security retirement trust fund is … Read more
Everyone in the wealth management industry has seen the headlines touting personalization being top of mind for clients, as investor demand shifts from chasing performance to planning for their entire financial lives. Financial advisors are listening and tailoring portfolios and strategies to individual investors’ unique goals and circumstances. But behind the curtain, many firms still … Read more
The Office of Personnel Management is still catching up from increased retirement applications, stemming from the high number of federal employees who opted into the Voluntary Early Retirement Authority (VERA) and the deferred resignation program (DRP). In February 2026, OPM released a justification statement for a recent contract award to modernize its human resources systems. In the statement, OPM … Read more
The CalMatters logo. CalMatters is a nonpartisan and nonprofit news organization covering California (CalMatters via Bay City News) CalMatters/CalMatters via Bay City News A new California Supreme Court ruling on retirement pay for public employees centered on a small amount of money — just one week’s salary for a retired attorney — but it had … Read more