Chris Farrell
Contributor at Freelance
Senior economics contributor at Marketplace, economics commentator at MPR, columnist and author.
Articles
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1 week ago |
nextavenue.org | Chris Farrell
Editor’s note: This is part 8 of a 12-part collaborative series between Next Avenue and Marketplace Morning Report. For many people, there comes a moment in their late 40s to early 60s when they realize they're financially unprepared for retirement. They haven't saved much and they're carrying too much debt. Tackling debt, especially credit card debt, becomes a priority. (A former boss of mine liked to quip that the definition of personal finance is getting out of credit card debt.
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2 weeks ago |
startribune.com | Chris Farrell
Anyone even remotely involved in the financial markets knew an era had come to an end when legendary investor Warren Buffett, age 94, said he'll retire from Berkshire Hathaway at the end of the year. The announcement wasn't entirely unexpected, considering he had been CEO of the company for six decades. The news ignited an outpouring of appreciation. For one thing, his investment record is mind-boggling.
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2 weeks ago |
nextavenue.org | Chris Farrell
How people in their 70s find themselves still having to pay down student loans or risk losing most of their Social Security benefitsEditor’s note: This is part 7 of a 12-part collaborative series between Next Avenue and Marketplace Morning Report. 'Tis the season for college commencement speeches and graduation parties. Congratulations!Newly minted degree-holders naturally are optimistic about the future that lies ahead of them.
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3 weeks ago |
nextavenue.org | Chris Farrell
Editor’s note: This is part 6 of a 12-part collaborative series between Next Avenue and Marketplace Morning Report. Students in college rely on loans to pay for much of their higher education bill, and many young adults with student debt struggle to repay their loans while launching their careers and households. Less appreciated is how many older adults are also carrying student loans and paying them off threatens to undermine their retirement security.
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4 weeks ago |
startribune.com | Chris Farrell
Service is deteriorating at the Social Security Administration. Complaints are rising about worsening backlogs and delays at the understaffed agency, largely thanks to Elon Musk's Department of Government Efficiency (DOGE). No one really knows what DOGE is doing with its access to the agency's data, but the chaos is fueling worries when increasing numbers of the "Peak 65" generation - the large wave of Americans turning 65 between 2024 and 2027 - are filing for benefits.
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Craft in a Time of Tariffs: Implications and possibilities for American ... https://t.co/j6AAqWKLei via @YouTube I enjoyed participating in this discussion "Craft in a time of tariffs." We explored the impacts of tariffs on American makers and craft-centered small businesses.
Department of Government Efficiency causing confusion about when to claim Social Security https://t.co/BW1CGtFb2k Social Security is both valuable retirement income and invaluable longevity insurance.
Credit card debt is adding up https://t.co/77bO8zeuBy More people are likely to be charging everyday living expenses – like groceries--on their credit cards. People are also less likely to pay off what they owe each month. A conversation on what to do on the Angela Davis show.