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Economics

With the stock market in ‘striking distance’ of all-time high, Wharton’s Jeremy Siegel warns the only thing that can derail it is Jerome Powell

With the stock market in ‘striking distance’ of all-time high, Wharton’s Jeremy Siegel warns the only thing that can derail it is Jerome Powell

Jeremy Siegel of the Wharton School says that the Dow Jones could be in for an all-time high but cautions that the Federal Reserve’s fixation on inflation fears could knock it off course.

As people live longer, family caregivers face financial challenges
A health professional assists a person with a walker.

Image: iStock/Kiwis

As people live longer, family caregivers face financial challenges

Many people overlook the short- and long-term costs of financial caregiving, a growing problem that financial advisors and employers can help address, according to a new report by Penn Nursing.

From Penn Nursing News

Facing financial ruin as costs soar for elder care

Facing financial ruin as costs soar for elder care

A study led by Norma Coe of the Perelman School of Medicine finds that the median lost wages for women providing intensive care for their mothers is $24,500 over two years. Rachel M. Werner of the Leonard Davis Institute, Wharton School, and Perelman School of Medicine says that the U.S. doesn’t value elders the way that other countries and cultures do.