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Dealmaking Dries Up for Amazon Aggregators

Posted by — September 21, 2022 in Finance

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SPACs. Crypto. NFTs. IPOs. It’s time to add yet another item to the list of hot business trends from 2021 that have all but died out through the first nine months of 2022: Amazon aggregators.

The business practice of acquiring companies who complete most of their business as third-party Amazon sellers and rolling them up into one big house rode Amazon’s soaring e-commerce coattails last year. Now, it seems these aggregators may have

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Ecuador and China Reach Agreement to Restructure Billions of

Posted by — September 20, 2022 in Finance

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With great financial power, as China is learning, comes great responsibility — or at least a willingness to restructure loans in danger of defaulting.

Case in point: Ecuadorian President Guillermo Lasso announced on Monday his nation reached a deal with China to restructure some $4.4 billion of outstanding debt. The move will save his nation $1 billion between 2022 and 2025.

Restructural Advantages

To increase its influence around the world, China plans to

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Big US Regional Banks Could Face New Crisis Regulations

Posted by — September 19, 2022 in Finance

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Can a financial institution be too small for regulations but also too big to fail? We may be about to find out.

American financial authorities are considering extending a lean version of rules designed for banking giants in the wake of the Great Recession to major regional banks, according to The Wall Street Journal. The hope is that it will fireproof the financial system. The fear is it will be a burden

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How Much Will Your Social Security Benefits Increase in 2023

Posted by — September 18, 2022 in Finance

New August inflation data sent the market tumbling earlier this week, with the Dow Jones Industrial Average giving up an astonishing 1,250 points on Tuesday as inflation came in hotter than expected last month.

The inflation data doesn’t just impact markets; it also plays a big role in determining how much Social Security benefits will increase next year. Due to surging inflation, retirees are poised to receive one of the largest increases to their 2023 benefits in decades.

While we don’t know that exact amount yet, here is where things stand after recent August inflation data.

The cost of living

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The Pros and Cons of Job Hopping

Posted by — September 17, 2022 in Finance

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Once upon a time, job hopping was seen as unprofessional and unnecessary. In fact, it was relatively common to spend your entire career working for one employer, gradually working your way up the company ranks and receiving regular pay raises along the way.

But these days, maintaining an upward career trajectory usually requires a little more job mobility. That means keeping your eye open for new opportunities and leveraging your current salary and benefits for something better.

But while job hopping is often necessary, there are instances where it can

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How Much Does Long-Term Care Insurance Cost?

Posted by — September 16, 2022 in Finance

Average Cost of Long-Term Care Insurance

As a baseline, the average cost of long-term care insurance for a 55-year-old man and 55-year-old woman annually is $950 and $1,500, respectively.

When it comes to your financial future, there’s nothing more responsible than staying prepared for the unexpected — including budgeting for long-term care insurance.

Nearly 70% of people over the age of 65 will need this type of aid in their remaining years, whether that means residing in a long-term care facility or having a live-in nurse help you with daily tasks. 

Use this long-term health insurance cost guide to answer

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65 Student Loan Debt Statistics for 2022

Posted by — September 15, 2022 in Finance

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From living in the dorms to meeting new people, many students eagerly await their chance to begin the college experience. And no matter your major, almost all college students have one thing in common — they know college can be expensive. So expensive, in fact, that over 43 million students are facing outstanding student loan debt.

Over the past 30 years, the average cost of college tuition has nearly tripled, causing many students to graduate with not only the freshman 15, but also student loan debt. So, just how bad

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