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About Keith Molyneaux

Posts by Keith Molyneaux…

Visualized: Which Countries are Gaining and Losing the Most Millionaires in 2024?

The wealthy have the benefit of being able to move around. If they are dissatisfied with their current home, they can move to another country with a higher standard of living or one that is more likely to empower their future success. This year, the world’s millionaires are fleeing China and souring on the UK, […]

Fed’s Preferred Gauge Shows Inflation at Three-Year Low

A closely watched economic measure showed that inflation in May slowed to its lowest annual rate in more than three years, further clearing the way for the Federal Reserve to declare victory over inflation and begin cutting interest rates. The personal consumption expenditures (PCE) price index was unchanged from the month prior and up 2.6% […]

Home Prices Hit a Record High, Even as Sales Stall

Sales of previously owned homes slowed to a 30-year low in May as record-high prices and surging mortgage rates kept buyers on the sidelines. Existing home sales, which account for the vast majority of the housing market, fell 0.7% in May from the month prior to a seasonally adjusted annualized rate of 4.11 million units, […]

Is Generation X Ready for Retirement?

As the largest cohort of Baby Boomers enters retirement age, much is being made of their retirement readiness, but even generations who are several years from retirement are fretting about how prepared they are. A recent study found that nearly half of Generation X feel that they will not have enough to retire comfortably, if […]