Greg Daugherty

3 weeks ago | history.com | Greg Daugherty

Jeans Get a Leg Up from HollywoodBlue jeans sold steadily through the early 20th century but were still considered work clothes, not the all-purpose garb they later became. That began to change with the Great Depression of the 1930s, according to historian Carolyn Purnell, author of the 2023 book Blue Jeans. “Prior to the Depression, blue jeans had been firmly working-class garments,” she told HISTORY.com in an interview.

1 month ago | businessandamerica.com | Greg Daugherty

After a lifetime of work, many older Americans or retirees have built a portfolio of assets. Many have retirement accounts, like IRAs, pensions, or money in non-retirement accounts. They may own a home or other real estate and have valuable possessions, such as art, antiques, or collectibles. Some retirement accounts are protected from creditors, while others are more vulnerable. Older adults with mortgages on their homes can risk losing them through foreclosure if they miss multiple payments.

1 month ago | businessandamerica.com | Greg Daugherty

Social Security trust funds are accounts managed by the U.S. Treasury. The two funds take in Social Security payroll taxes from workers and their employers and pay out benefits to Social Security recipients. They invest any surplus in special issue U.S. government debt securities. Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government securities.

1 month ago | businessandamerica.com | Greg Daugherty

Calling ahead to learn what kind of information a financial advisor would like you to supply before meeting for the first time is always a good idea. It will save you a lot of scrambling to collect the necessary paperwork at the last minute. An understanding of what to expect at the meeting can guide you as well. Your first meeting with a financial advisor can be an opportunity to get to know each other or an actual start of the process. Make sure the advisor understands your financial goals.

1 month ago | investopedia.com | Greg Daugherty

Elon Musk is referred to as "the world's richest man" so frequently that you might think he trademarked the phrase. But the South Africa-born billionaire also holds another distinction: the largest loss ever of a personal fortune. From late 2021 to early 2023, Musk's net worth fell from $320 billion to $138 billion, netting a loss of $182 billion. How Much Musk Lost The dubious honor of "largest loss" was conferred by Guinness World Records, based on a 2023 report by Forbes.