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It's ok for friends to disagree, says UK Deputy PM Lammy #politics
Bloomberg Television· 2025-09-24 18:27
US-UK Special Relationship - The US-UK special relationship is crucial, especially in intelligence sharing through the Five Eyes alliance, which enhances global security [2] - The state visit resulted in a technology partnership with £250 billion (approximately $318.75 billion) in investment, particularly in AI [2] - The UK is partnering with universities and enterprises in quantum computing, exemplified by OQS in New York, to maintain a competitive edge [3] - Despite disagreements, the US-UK relationship remains strong, similar to historical disagreements such as Harold Wilson's stance on the Vietnam War with Nixon [3][4] Global Political and Economic Factors - Cost of living and migration are key issues influencing elections in Western democracies since 2008 and will continue to do so [4][5] - Political parties, whether progressive or conservative, must address cost of living and migration to gain electorate support [5]
US Relationship in ‘Very Good Health’ Despite Trump’s UN Tirade, UK’s Lammy Says
Bloomberg Television· 2025-09-24 15:37
I'm just going to ask you about Donald Trump's speech yesterday. I mean, it strikes me he has not. You had him across to Windsor.You. You invited him to Windsor. You wined him, you dined him, the king was there.And then he's come out describing London Mayor Sadiq Khan as terrible that we're running Sharia law in London. London. The energy policies are suicidal.Is that what you normally expect from a guest when they come to speak. Well, to be fair, I think we've had a round of being very fast. I think we had ...
X @Forbes
Forbes· 2025-09-23 13:00
7 Places In Italy Where Retirees Can Live Well On Social Security—For As Little As $1000 A Month, According To A New Report https://t.co/oueKhWGl7L https://t.co/bL9toyk3QL ...
Key savings and wealth statistics for 2025: How Americans' finances compare
Yahoo Finance· 2025-09-22 21:52
Core Insights - Analyzing national data on savings and wealth provides perspective on individual financial health and helps set realistic financial goals for the future [1][2] Savings Trends - The personal saving rate in the U.S. is 4.4% as of July 2025 [6] - Average savings vary by generation, with millennials saving the most and baby boomers saving the least [6] - The median emergency savings for Americans is $600, with 37% unable to afford an emergency expense over $400 [6] Income and Net Worth - Real median household income was $80,610 in 2023, a 4% increase from 2022 [5] - The average American family's net worth was $1,059,470 in 2022, while the median net worth was $192,700 [8] - Americans in their 60s have the highest median net worth at $439,154, while those in their 20s have the lowest at $7,638 [8] Banking Access and Preferences - As of 2023, 95.8% of U.S. households are "banked," with an average transaction account balance of $62,410 [6] - 55% of banked households use mobile banking as their primary method of account access, while only 8% prefer in-person transactions [6] Savings Goals and Challenges - 47% of Americans cite the cost of living as the biggest obstacle to saving money [8] - Only 22% of respondents are very or completely satisfied with their savings, while 35% are very or completely dissatisfied [8] - Nearly half of adults report their income just about matches their expenses, with about 30% stating their expenses exceed their income [8]
X @The Economist
The Economist· 2025-09-22 19:10
It’s hard for city diners to find the good life at a good price https://t.co/Lsp0p6EGRx ...
X @Forbes
Forbes· 2025-09-22 15:30
7 Places In Italy Where Retirees Can Live Well On Social Security—For As Little As $1000 A Month, According To A New Report https://t.co/jOTfHbbKnQ https://t.co/jOTfHbbKnQ ...
X @Investopedia
Investopedia· 2025-09-22 15:15
Experts explain whether $2 million is enough to retire comfortably and how factors—like your cost of living, lifestyle, and life expectancy—can play a key role. https://t.co/iForrCsw12 ...
X @Investopedia
Investopedia· 2025-09-22 02:00
Retirement Planning - Experts discuss the adequacy of $2 million for comfortable retirement [1] - Retirement comfort depends on cost of living, lifestyle, and life expectancy [1]
X @The Economist
The Economist· 2025-09-21 19:00
Britons got used to their food being cheap. Throughout the 2010s a pint of milk cost around 44p. Since then it has jumped by 50%—and stayed there https://t.co/ZUDRevZlSZ ...
The US has become ‘a nation of economic pessimists’ — why so many have given up belief in the American dream
Yahoo Finance· 2025-09-21 12:00
Core Viewpoint - The American Dream is perceived as increasingly unattainable, with nearly 70% of respondents believing it "no longer holds true or never did," marking the highest level of skepticism in the survey's 15-year history [1] Group 1: Pessimism Across Demographics - The pessimism regarding the American Dream spans across political, class, and demographic lines, with similar views reported by men and women, young and old, and across income levels [2] - A significant political divide exists, with 55% of Republicans expressing negative views compared to 90% of Democrats [2] Group 2: Economic Sentiment and Future Outlook - Only 25% of respondents feel they have a good chance of improving their standard of living, a record low in the 38-year history of the study, and over 75% doubt life will improve for the next generation [4] - Despite the discontent, 44% of respondents felt positive about the economy, an increase from 38% in 2024 [5] Group 3: Economic Indicators - The median home price has increased by 532% from $63,900 in 1979 to $403,800 in 2025 [5] - Wages for middle-income earners have only grown by 6% since 1979 [5] - The wage gap has widened, with CEOs now earning 296 times what a typical worker makes, up from 30 times in 1979 [5] - Inflation rates have been significant, with rates of 7% in 2021 and 6.5% in 2022 impacting household budgets [5] - The consumer price index indicates inflation at 2.7% [5] - Americans have reached record credit card debt levels of $1.21 trillion in 2024 [5] - The unemployment rate stands at 4.3% as of August 2025, which is considered a healthy level [5]