People get just 70% of their full Social Security benefits if they claim at 62, the full benefit at 67 and 124% of the benefit if they claim at 70. The gain from waiting is so big that it pays for most people to keep working, or even to dip deep into their retirement savings early to cover their expenses so they can delay claiming. A 2022 study found that “virtually all” American workers then in the 45-to-62-year-old age group should wait beyond age 65 to start collecting Social Security checks and that more than 90% should wait till age 70, yet only 10% do so. Many started collecting checks on the first date they were eligible once they turned 62. Why?

Global fund managers think Trump 2.0 means, “Buy America,” but they also think he increases the risks of inflation. The election happened and, overnight, Republican and Democratic consumer sentiment shifted. Inflation has cooled, but Americans are still seething over prices. And bond traders are loading up on bets for further price declines (higher yields) in anticipation that Donald Trump’s pledged policies will fan price increases and keep interest rates high. The Trump Administration will, almost surely, kill ESG. But it was already dying.



Inflation in the U.S. has stopped going down. The Bureau of Labor Statistics reported that the consumer price index, a key measure of inflation, increased in October by 2.6% year over year