⛱️ Great Wealth Xfer: The 'American Dream' now costs $5M, up 50% since 2023

👛 Personal Finance

•  Cost of Living 🗽 Investopedia: The price of the American Dream has surpassed $5M in 2025, nearly 50% more ($3.4M) than in 2023

• Consumer Sentiment 🛒 Reuters via Yahoo! Finance: US consumers are feeling the stress of inflation, interest rates, report shows

  • Reuters: US holiday spending set for steepest drop since pandemic, PwC survey shows

• Employment Sentiment 💼 Yahoo! Finance: There are more Americans out of work than there are jobs open for the first time since April 2021

• Wage Gap 💲 ADP Research: Pay gap getting bigger, ADP says

• Stock Market 📈 CNN Business: Americans have more money in stocks than ever before. Economists say that’s a bright red flag  

  • CNBC: Day trading is about to get easier for smaller retail investors

  • CNBC: Young adults embrace ‘financial nihilism’ with risky crypto, stock bets as American dream feels unattainable

  • CNBC: 'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market

• Big Beautiful Bill 🏛️

  • Tips 💁‍♀️ CNBC: Treasury, IRS release key details about Trump’s ‘no tax on tips’ deduction

  • State & Local Taxes 🏛️ CNBC: Tax savings from Trump’s $40,000 SALT deduction limit could be highest in these states

  • Long-term Gains CNBC: A ‘golden opportunity’ to pay 0% capital gains with taxable income of $48,350 or less

  · SEC Regulations : Daytrading 🏛️

• 🧠 Upgrade your PortfolioGPT account Get an ad-free experience, unlimited credits, backtesting, forward guidance and real-time Yahoo! Finance data.

🏡 Home Ownership & Mobility

• Income Mobility 💵 CNBC: The 10 US cities where incomes are growing the fastest – 4 are in California

• Cars 🚙 CNBC: Why the rich are propping up car sales

  • CNBC: Here’s how to get the $7,500 EV tax credit — even after the Sept. 30 deadline 

  • CNBC: Ahead of EV tax credit deadline, IRS delays create ‘anxiety’ for car dealers

• Home Buying 🔑 CNBC: Buying a home isn’t affordable in many metro areas. What about yours? 

• Home Buying : Fixer-Uppers 🏚️ CNBC: Fixer-Upper homes are up to 78% cheaper in these 10 metros

• Home Insurance ☂️ CNBC: How much homeowners pay in property taxes in every US state 

🏫 Student Loans

• College Tuition 📚 CNBC: Education Department opens FAFSA ahead of schedule — it’s a ‘huge win’ for college-bound students, expert says 

• Student Loans 💸 Yahoo! Finance: Student loan borrowers facing wage garnishment are willing to put off credit card payments 

• Student Loans : Payoff 💸 CNBC: Student loan borrower backlog for forgiveness swells to 74,510 under Trump

🦾 Career Planning in an Age of AI

• AI : Friend or Foe 🤖 CNBC: AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals

  • WSJ via MSN: These AI-skilled 20-somethings are making hundreds of thousands a year

• Small Business 🏬 CNBC: Apollo Report: AI adoption rate trending down for large companies with more than 250 employees 

• Business Adoption 💼 TechCrunch: 77% of Claude AI firms are using AI to automate work, risks white-collar job losses  

  • CNBC: Accenture plans on ‘exiting’ staff who can’t be reskilled on AI amid restructuring strategy

🏖️ Retirement Planning

• Planning 🎯 CNBC: Almost half of Americans don’t have a financial plan. Working with a financial adviser can change that

• Roth 401k Plans 🥚 CNBC: The Roth 401(k) retirement option offers tax-free growth. But only 18% of employees use it

• 401k Plan : Catch-up Contributions 🏃 CNBC: Treasury, IRS finalize rule for 401(k) catch-up contributions. What it means for higher earners

• 401k Plan : Early Withdrawals 🪂 CNBC: More Americans are tapping their 401(k)s for cash—it should be a ‘last resort,’ says CFP

• Financial Independence, Retire Early : Planning 🔥 CNBC: Is $65K a year enough to find financial independence and retire early? How to make it work — without getting burned

• Financial Independence, Retire Early : Stories 📖 CNBC: When FIRE backfires: He lived on bare minimum to save $440,000, now retiree regrets if money was worth sacrificing life’s joy

🙃 Gen Z & Millennials

• Gen Z : Money Habits 👛 CNBC: Gen Z leads biggest drop in FICO scores since financial crisis

  • CNBC: Gen Z slashes holiday budgets ahead of shopping season 

• Gen Z : Careers 💼 CNBC: Gen Z is reviving jobs Millennials think are ‘boring’ and they’re earning a fortune in the process

• Millennials : Money Habits 👛 CNBC: Four money habits Boomers swore by that Millennials are walking away from

• Entrepreneurship 💳 CNBC: Own your income: America’s ‘solopreneur’ business model is booming, from Florida to California

• Digital Nomads 🌎 CNBC: ‘Gringos leave’: Protests targeting travelers rise as overtourism anger grows

• Chronically Online 💻 CNBC: More than 40% of American adults now report being online “almost constantly” 

• Opportunity ✊ CNBC: How Gen Z protests are spreading revolution across Asia

👍 Boomers & Gen X

• Social Security 📜 CNBC: Social Security’s retirement age wording may change. Here’s what to know

• Social Security : Payments 📜 CNBC: Social Security cost-of-living adjustment may be slightly higher in 2026, estimates find. What that means for retirees

📜 Estate & Inheritance Planning

• Business Owner 🏪 CNBC: Here are entrepreneurial elders’ Top 3 concerns about passing the baton 

• Inheritance Planning 💰 CNBC: The Great Wealth Transfer's begun. Are heirs-to-be ready to receive it?

• Millennials 👩 McKnights Senior Living: 66% of Millennials, Gen Z expect to inherit $335K from parents in ‘Great Wealth Transfer’ 

• Great Wealth Transfer : Women 👩 CNBC: Women to invest less of their inheritance from the great wealth transfer

• 🧠 Join the 2200+ PortfolioGPT users Generate retirement ideas to quickly get started on your personal wealth journey for $3/mo or $27/annually (25% off).

👨‍⚕️ Long-Term Care Planning 

• Affordable Care Act : Premiums ☂️ CNBC: ACA cliff may mean ‘huge premium shock’ for 22M people in 2026

• Drug Cost : Tariffs 💊 CNN: A 100% tariff on some imported drugs is coming October 1, Trump says

• Seniors : AI Scams CNN Business: Silicon Valley’s seniors get a crash course in AI

  • Reuters: Investigation: We set out to craft the perfect phishing scam. Major AI chatbots were happy to help. 

• Long-term Care : Financial Advisors ☂️ Investment News: Advisors see long-term care as critical piece of retirement planning 

• Long-term Care : Workers 👨‍⚕️ McKnights Senior Living: Bill aims to restart program to strengthen long-term care workforce pipeline

• Long-term Care : Single 👩‍🦽 McKnights Senior Living: What decisions to forgo parenthood mean for senior living providers

• Long-term Care : AI Robotics (Korea) 🤖 rest of the world: AI robot dolls charm their way into nursing the elderly

_{PortfolioGPT may earn commission or revenue on some items through the affiliate links in this newsletter.}