Ben Eisen

2 weeks ago | wsj.com | Ben Eisen

Retirement savers traded more in their 401(k) accounts on Monday than any day since the beginning of the pandemic in March 2020. People typically don't trade in their 401(k)s often, and the movement of money was a tiny share of assets. But it was almost 10 times the usual trading, and the fifth heaviest trading day since at least 1997, according to record-keeper Alight Solutions, which tracks a subset of the plans it administers.

2 weeks ago | wsj.com | Ben Eisen

How bad was the hit to retirement accounts this week? One estimate says 401(k) balances fell by about 7% over Thursday and Friday, according to record-keeper Alight Solutions, which tracks a subset of the plans it administers. That's less than the stock market decline, which makes sense since retirement accounts also contain bonds, which rallied, and cash. Still, it's a big hit to Americans retirement plans. or Subscribe to get unlimited access to articles.

1 month ago | asianpacificpost.com | Ben Eisen |Tegan Hill

CommentaryBy Ben Eisen and Tegan HillAs has been widely reported, the Eby government’s budget calls for a record $10.9 billion deficit this year with similar deficits in each of the next two years. Net debt (total debt minus financial assets) is forecasted to soar in nominal terms from $71.3 billion in 2023/24 to $155.3 billion in 2027/28. This is the fastest period of debt accumulation in British Columbia history and the fastest currently taking place in Canada.

1 month ago | asianpacificpost.com | Ben Eisen |Tegan Hill

CommentaryBy Ben Eisen and Tegan HillRecently, David Eby’s government tabled the British Columbia government’s budget for the 2025/26 fiscal year. The document was soaked in red ink and full of bad news, with a projected budget deficit of $10.9 billion this year (the largest on record) and similar deficits in each of the following two years.

1 month ago | biv.com | Ben Eisen |Jake Fuss

British Columbia Finance Minister Brenda Bailey, citing uncertainty due to U.S. tariff threats, recently announced that her government would not implement a $1,000 rebate that Premier David Eby had promised last fall on the campaign trail. However, if the Eby government wants to lighten the burden on B.C. families—while also improving the province’s tax competitiveness and helping spur economic growth—it should reduce personal income taxes in its upcoming provincial budget.