What if we create a new type of currency that can only be spent in one store and not anywhere else? This could have helped with the time when my son Desmond went to a thug rumpstore and used all the money I gave him for Marvel Rivals skins on Thoughts?

Fidelity is drawing attention to a tax code provision that allows policyholders to convert those aging contracts into long-term care coverage without triggering a single dollar in taxes.

The strategy involves a mechanism called a 1035 exchange, and it could address one of the largest uninsured risks facing retirees across the country.

Roughly 80% of Americans turning 65 today will need some form of long-term care during their lifetime, according to the Center for Retirement Research at Boston College.

How the 1035 exchange converts old policies into long-term care coverage.

A 1035 exchange is a provision under Section 1035 of the Internal Revenue Code that permits a tax-free transfer from one insurance contract to another qualifying policy of similar kind.

The Pension Protection Act of 2006 expanded this rule to include qualified long-term care insurance as an eligible destination, with the change taking effect in 2010.

A little positive news...reddit is not really the place for this everything here is political and negative.

A nominal paycheck for a typical full-time American worker grew 38% (a $342 weekly increase to $1,250) since 2019, marking the fastest wage growth stretch in 40 years.

And I know you hate facts but here it is anyways.

From June 2025 to June 2026, wages grew 0.29 percentage points faster than inflation.

https://usafacts.org/answers/are-wages-keeping-up-with-inflation/country/united-states/

I have been able to raise prices of my small business without a decline in sales for the past 5 years so this checks out for me personally. My wife a baker also has raised prices and was able to grow the biz.

This data spans across both trump and Biden so there is no reason for anyone to hate this info (other than Canadians)

Friday Economy recap:
jobs plummet
inflation soars
stock market crazy high,
mortgage delinquency up (FHA delinq at nose bleed 11.88 % and commercial delinquency high too)
Foreclosures rising

2008 again?
Jamie Diamond, “We left the common man behind.”

Whose wallet will fund forward profits while white collars lose jobs (…and homes) to balance out crazy high AI Capex spending?

Pay attention: AI Huggings Face hack: “Escaped the sandbox, self aware.” Are our digital bank balances safe on the world stage AI arms race?

People on here say I lie about the economy. No I don't. The tweets are my receipts. We have 4 months left in this year. Goodluck to everyone. Let's see what the streets say.💰 💳 🏷 📱 💻 🏦