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Committee of Governors

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The ability of US households to cover an unexpected $2,000 expense is at its lowest level in a decade, NY Fed says — here's why 'financial fragility' is so bad right now (and getting worse)

Folks under the age of 40 are even worse off. ....

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60% of Americans Age 65 and Older Carry More Debt Than 30 Years Ago

Debt can seriously risk your retirement, and it's on the rise. When it comes time to retire, one of the best first steps is to control your finances. Cut down on bills and household spending so that you can maximize the value of your retirement income. Ideally, this means you'll have that much more left […] The post 60% of Americans Age 65 and Older Carry More Debt Than 30 Years Ago appeared first on SmartReads by SmartAsset. ....

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Daily Financial Regulation Update -- Thursday, March 2, 2023 | Paul Hastings LLP

March 1, 2023- Under Secretary for Domestic Finance Nellie Liang gave remarks at the Atlantic Council on the next steps in the future of money and payments. ....

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Links 11/29/2022 | naked capitalism

Our frolcking daily links: Siberian unicorn, lethal robot dogs? Y chromisome future, COP27 fail, moar US infections, UK v. China, Poland grave row? MSM for Assange? gunz, Musk row with Apple, BlockFi fail, rail strike ....

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