As we head into Memorial Day weekend, here's our latest Money Roundup. We hope you find these articles interesting and helpful.
JPMorgan CEO Jamie Dimon says can't rule out 'hard landing' for the U.S., stagflation will be 'worst outcome' (CNBC). "You go back to any inflection point of the economy ever, and people thought 'X' — and then they were dead wrong two years later."
Stocks up, gold down in Americans' best investment ratings (Gallup Poll). The percentage of Americans owning stock is finally back to where it was before the 2007-2008 Global Financial Crisis.
Most people have too much in bonds (Charley Ellis, Financial Times). Mr. Ellis argues that investors should consider future Social Security benefits and the equity value of their homes as "bond-equivalents."
What the U.S. is most worried about (Statista). "Inflation/Cost of Living" tops the list of current concerns.
A $444 billion 'fat finger' trade crashed stocks. Now Citigroup is paying the price. (Wall Street Journal). Ever made a financial mistake? You haven't made one like this. (Although ticker mix-ups and trade-related typos afflict smaller investors, too. See, Citi isn't the only one with a fat finger problem.)
The start of de-dollarization: China's gradual move away from the USD (Visual Capitalist). Still, the U.S. dollar remains the dominant currency in foreign exchange trading — and by a wide margin.
Playing their part (Jonathan Clements, Humble Dollar). The seven dimensions of retirement finances.
Medicare tax: Five things every worker needs to know (Kiplinger). Medicare gets a small slice of the pie every time you're paid.
IRS extends Free File tax program through 2029 (CNBC). The Free File program allows most Americans to file federal taxes without a fee.
Ex-NFL star Antonio Brown files for bankruptcy after over $80 million in career earnings (USA Today via Yahoo). How much you spend is as crucial as how much you earn.
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