Ramaphosa can still save AGOA, say SA automakers

Automotive lobby group Naamsa says the US remains an attractive market for vehicle exports.
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2 People Killed In 'Horrific' U.S. Highway Crash Sunday

2 People Killed In 'Horrific' U.S. Highway Crash Sunday originally appeared on The Spun. At least two people are dead and more are injured in a "horrific" U.S. highway crash on Sunday morning. There was a major crash on Interstate 55 in Illinois on Sunday morning. The crash happened just before 4 a.m. on I-55 in DuPage County. It was a multi-vehicle crash that took multiple lives and injured others. At least three cars were involved in the crash, according to reports. Two people were confirmed dead, while others were taken to the hospital. The identities of the victims have not yet been released. All lanes were shut down for a period of time. From the report: Illinois State Police said troopers responded to a three-car crash, where two people were confirmed dead at the scene. Their identities were not released. A third person was taken to an area hospital with unknown injuries. All I-55 northbound lanes are closed with traffic diverted off at I-355. The ramps from I-355 to I-55 northbound are also closed. No further information was immediately available. Our thoughts are with the friends and family members of the victims. May they rest in peace. 2 People Killed In 'Horrific' U.S. Highway Crash Sunday first appeared on The Spun on Jun 22, 2025 This story was originally reported by The Spun on Jun 22, 2025, where it first appeared.

Wall Street Journal

16 minutes ago

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Trump's ‘Big, Beautiful' Bill Gets Slimmed Down in Senate

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Yahoo

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There Are 6 Tiers Of Wealth For Retirees — Are In The Top 1% Or Just Upper Middle Class?

How much money does it take to retire comfortably? Using the Federal Reserve's 2022 Survey of Consumer Finances, retirees' net worth has been split into six tiers, offering a sharp snapshot of financial health for those aged 65 and up. The Fed doesn't list these tiers outright, but the data—based on percentiles—is rich enough to draw a clear picture. Net worth is calculated by adding up everything someone owns—homes, retirement accounts, investments—and subtracting debts like mortgages or credit cards. This survey is done every three years, and since the last update was in 2022, the insights here will remain the benchmark until new data arrives, most likely in late 2026. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can About one in four retirees falls here, with net worth under $50,000. Many rely primarily on Social Security, including the average $1,900 monthly benefit. There is often little in savings, and emergency needs—like medical bills—can quickly drain limited resources. Next up, retirees with net worth between $50,000 and the median $410,000. Homeowners in this group may be debt-free or carry manageable mortgages. With cautious planning, they often stretch Social Security and modest savings to make ends meet, though luxury remains out of reach. Between the median and the 80th percentile, retirees in this bracket likely hold paid-off homes and healthy investments. They have enough flexibility for travel, health surprises, and occasional extras without jeopardizing their budget. Trending: Maximize saving for your retirement and cut down on taxes: . Here, retirees enjoy real financial comfort. Investments are diversified and managed. Philanthropy, home upgrades, and travel are doable. They sleep better knowing unexpected costs are unlikely to derail their plans. These retirees sit in the 90th to 99th percentile. Their wealth allows for complex financial strategies—multi-generational planning, private wealth advisors, long-term care budgets. They've often built this through long-term investing or real estate gains. At the pinnacle, just 1% of retiree households exceed $13.7 million in net worth. This group enjoys complete financial choice—most continue working by choice, not necessity—and can focus on legacy, impact, or passion projects. Americans often underestimate the challenge. The Northwestern Mutual 2025 Planning & Progress Study found the average person believes they need $1.26 million to retire well. Yet data shows most households age 65 to 74 hold under $410,000. Only about one in ten have saved more than ten times their depends on more than just a number. Are you planning to renovate your home—or downsize? Do you see yourself spending retirement traveling the country, or helping raise grandkids? Will you pay off a mortgage, start a small business, or take on part-time work for fun and flexibility? Your lifestyle matters just as much as your balance sheet. Two retirees with the same net worth might live very different lives depending on how they spend, where they live, and how much support they have. One might be sipping coffee in a paid-off condo while the other is juggling property taxes, adult children, and a second car payment. The six wealth tiers can give a sense of where you stand—but the real question is how you'll use what you have. The number alone won't define your retirement. What you do with it will. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article There Are 6 Tiers Of Wealth For Retirees — Are In The Top 1% Or Just Upper Middle Class? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.