Economy & Markets
The important economic and stock market news that advisors need to know.
Senior income
By staff Writer31 million - Number of people over 65 who depend on Social Security as their main source of income; $11,723 was the average income amount. 30.7% - Percentage of the over-65 population that receives income from a pension or retirement plan.
July 07, 2008
Income replacement126%: Percentage of income retirees need to replace to keep up with inflation, long life spans and medical costs. 1.2 million: Number of retirees who are expected to have less than 80 percent of what they need to retire and maintain their
July 02, 2008
Split decisions on emerging marketsEmerging markets have top fund managers split on whether or not they're a good investment. Managers speaking at the 2008 Morningstar Investment Conference showed varying...
July 01, 2008
Saving the Stock MarketAfter April and May's resilient comeback for stocks, weakness in the finance sector dragged the market down significantly in June, resulting in the third consecutive losing quarter for the S&P 500 index. Most of the problems, as expected, were mortgage-related. With analysts absolutely moribund, investor psychology wrecked, and large cap...
July 01, 2008
Saving and Spending in AmericaArriving from New York to Los Angeles amidst turbulence on Wall Street, it is not surprising that the conversation with James P. Smith, a senior...
July 01, 2008
The Russell ReshuffleEvery June, Russell re-evaluates the index composition of its indexes. Why? Over 30 ETFs and many more mutual funds with more than $500 million in assets...
July 01, 2008
Assimilation NationProponents of cultural diversity may be unhappy to learn that many of the nearly 40 million U.S. immigrants are already on the road to assimilation....
July 01, 2008
Behind the Numbers, with Lincoln AndersonLPL Financial's chief economist is over-allocated to stocks "because we're at the end of a 25-year rally in bonds, and yields have come down to...