😞 Joe Smith was the 1995 NBA's top pick. During his 16-year career, he played for 12 teams. His NBA career ended in 2011. Seven years later, Smith admitted to living paycheck-to-paycheck. Only $18,000,000 of $61,000,000 went to him due to taxes, agent fees, and management fees. Smith's spending and expensive divorce were bigger issues. Playing 12 teams seemed easy. Unfortunately, every trade required new house purchases, and he lost money selling them. Joe is one of countless people that lost it all and probably not the last.
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619