Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn’t so sure their kids will carry on tradition the way they hope. Fewer than half of wealthy
It was an outcome that droves of economists warned was coming: Higher inflation being tolerated—consciously or otherwise—to bring down the value of America’s $40 trillion national debt. President Trump and his second administration haven’t been short of ideas on how to rebalance the national debt, which now demands $2 trillion in interest payments a year.
The workday doesn’t end for millions of American workers when they clock out and go home—there are floors to mop, meals to prepare, and kids to tend to. There’s no paycheck for those chores that keep a household running, but a recent Government Accountability Office (GAO) report estimated the labor is worth up to $6
Treasury Secretary Scott Bessent isn’t short of investors keen to rap his knuckles—and his friend and mentor, Stan Druckenmiller, was at the front of the queue. Bessent has been chastised by many for his recent attempt to manage prices in the bond market. As 30-year Treasury yields rose toward a near-20-year high last month, the
President Donald Trump’s pledge to send every American adult a $5,000 check if Republicans hold Congress in November carries a price tag that economists say has no clear funding source — and would land on a federal balance sheet already strained by a nearly $2 trillion annual deficit. Kent Smetters, faculty director of the Penn Wharton
The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated with servicing the ever-growing national debt today are much higher than they were 35 years ago, analysts warn. A recent analysis from investment management firm Doubleline noted that in 2025, the federal net interest payment
