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Baby Boomers Are Overestimating Future Social Security Income ( www.bloomberg.com )

Baby boomers anticipate that 47% of pre-retirement earnings will be replaced by Social Security, according to results of an annual survey from the Nationwide Retirement Institute. But the reality for someone making what the Social Security Administration considers the average wage in recent years, about $60,000, is more like...

Clark Howard: Here’s Why Domestic US Flights Are Getting Cheaper and How You Can Take Advantage ( finance.yahoo.com )

Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.

It's Almost Impossible To Find A Decent Used Car Under $20,000 ( jalopnik.com )

Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. ( finance.yahoo.com )

cross-posted from: lemmus.org/post/167976...

Federal student loan pause ends next month, some borrowers expect budgets to take a major hit ( wtop.com )

Mortgage rates soar to their highest level in 21 years ( www.cnn.com )

The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up ( www.cnbc.com )

The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, also against a 0.4% forecast. Both readings were the best monthly gains since January....

Personal Finance

Baby Boomers Are Overestimating Future Social Security Income ( www.bloomberg.com )

Clark Howard: Here’s Why Domestic US Flights Are Getting Cheaper and How You Can Take Advantage ( finance.yahoo.com )

It's Almost Impossible To Find A Decent Used Car Under $20,000 ( jalopnik.com )

The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. ( finance.yahoo.com )

Federal student loan pause ends next month, some borrowers expect budgets to take a major hit ( wtop.com )

Mortgage rates soar to their highest level in 21 years ( www.cnn.com )

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up ( www.cnbc.com )

How are you doing relative to the 1x by 30 / 2x by 35 / 3x by 40 salary rule for retirement savings? ( kbin.social )

AI will be at the center of the next financial crisis, SEC chief Gary Gensler says ( markets.businessinsider.com )

ProjectionLab - Build Financial Plans You Love ( projectionlab.com )

Fed approves hike that takes interest rates to highest level in more than 22 years ( www.cnbc.com )

GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls ( www.cnbc.com )

[US] First time tax penalty abatement ( www.cnbc.com )