💸Money & Markets
The economy, markets and personal finance, explained with charts and common sense instead of hot takes.
Who Pockets the Rate Cut?Today: where market power blunts rate cuts, Social Security's 2032 deadline, a mortgage market frozen at 7.3%, Europeans who won't buy stocks, and an unnecessary car repair.
- Card lenders share fewer rate cuts where they dominate a market segment
- Social Security faces a 22% benefit cut around 2032 without reform
- Mortgage applications for home purchases are down 19% with rates at 7.3%
- Even a €50,000 lottery win wouldn't get most Europeans into stocks
- A second opinion erased a $1,000 car repair the dealer recommended
