November 18, 2024 - ZoomHoot - The Important Information You Need

18 Nov

Survey reveals homeowners are skipping meals to afford monthly payments

Real Estate

A Redfin survey reveals that 74% of U.S. residents earning under $50,000 struggle with housing costs, with 25% skipping meals to make ends meet. Many in this income bracket are cutting back on dining out (43%) and vacations (36%), while 25% borrow money from friends or family and over 20% delay medical treatments. Despite wage increases, they have not kept pace with soaring housing costs, which have risen over 40% since pre-pandemic times. Although rental prices have stabilized, they remain 20% higher than before the pandemic. To afford a median-priced starter home, buyers now need an annual income of at…

18 Nov

Homeowners skipping meals to make monthly payments, survey finds

Real Estate

Real Estate News Today on Fox Business The majority of U.S. residents earning less than $50,000 a year are struggling to afford their regular mortgage or rent payments, with some resorting to skipping meals just to make ends meet, according to a Redfin survey. The survey, commissioned by the real estate firm, found that 74% of respondents earning under $50,000 either sometimes, regularly or greatly struggle with their housing costs. Around 25% of them have skipped meals to afford their monthly housing costs. According to the survey, skipping meals is one of the most commonly cited sacrifices among people in…

18 Nov

Is a retirement savings crisis on the horizon for Americans?

Personal Finance

Tens of millions of private-sector workers in the U.S. lack employer-sponsored retirement plans, with 57 million not offered any savings options. AARP warns this could burden future taxpayers as many will rely on public assistance in retirement. Small businesses often struggle to provide retirement benefits, but state-facilitated programs like CalSavers aim to help. Experts emphasize the importance of individual retirement savings, regardless of employer offerings. --------------------------- Tens of millions of private-sector workers lack access to a retirement savings plan through their employer, which experts at the AARP Public Policy Institute warn could pose a significant burden to future taxpayers.…

18 Nov

Most Venture Investors Prefer IPOs, But This One Disagrees

High Tech News

Investor Alcon Research is taking legal action against its portfolio company, Aurion Biotech, to prevent it from moving forward with an initial public offering (IPO). The lawsuit highlights tensions between the investor and the biotech firm, raising questions about the future of Aurion's funding and growth strategy. Alcon's decision reflects concerns over the timing and implications of the proposed IPO in the current market environment. --------------------------------------- Investor Alcon Research is suing portfolio company Aurion Biotech to stop it from pursuing an IPO. Read More from Technology - WSJ.com