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Americans are draining their retirement accounts, racking up debt due to high inflation

MacroMavens President Stephanie Pomboy discusses the economy, the impact of inflation on consumers, and her expectations for fourth quarter GDP. Chronic inflation is hampering the ability of millions of Americans to prepare for their financial future, according to new research released by Allianz Life Insurance. According to research by Allianz Life Insurance Company of North […]

Trump’s colossal legal fees are draining his campaign at the worst time

If President Joe Biden has any advantage heading into the 2024 presidential election, it’s that former President Donald Trump’s legal costs and contested primary elections are putting a significant strain on the Trump campaign’s finances. . Indeed, money plays an increasingly important role in political campaigns, especially presidential elections, and both Trump and Biden face […]

Visa is sued over ‘Vanilla’ gift card scam known as ‘draining’

Visa was sued by consumers on Tuesday, alleging its card payment network failed to reduce the likelihood that prepaid “vanilla” gift cards would end up in the hands of thieves. Ira Schuman, who is leading a proposed class action lawsuit in federal court in White Plains, New York, said she purchased eight $500 vanilla cards […]