Also, what are the most common financial emergencies for Americans?
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  [Fort Worth Star-Telegram](~/AAQRxQA~/RgRozxdQP0QeaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ September 19, 2024 ⢠Issue #103 [The Money Section] This week, weâre looking at the first rate cut since the pandemic, the ten most common and unexpected financial hardships, how to know if you are in the middle class, and the easiest way to become a millionaire. These are the 10 most common money emergencies for Americans [These are the 10 most common money emergencies for Americans](~/AAQRxQA~/RgRozxdQP0SEaHR0cHM6Ly9tb25leS5jb20vbW9zdC1jb21tb24tZmluYW5jaWFsLWVtZXJnZW5jaWVzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images
The Federal Reserve is expected to lower interest rates in September, but the magnitude of the cut is uncertain. While a quarter-point decrease is widely predicted, some experts anticipate a larger, potentially emergency cut of 50 or even 75 basis points due to economic concerns. Read more. Building an emergency fund is essential for financial stability. Many Americans face unexpected financial hardships like medical bills, job loss, and car repairs. Having a savings account can provide a buffer against these challenges and prevent reliance on credit cards. [Read more.](~/AAQRxQA~/RgRozxdQP0SEaHR0cHM6Ly9tb25leS5jb20vbW9zdC1jb21tb24tZmluYW5jaWFsLWVtZXJnZW5jaWVzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ð [Fed slashes interest rates by a half point.](~/AAQRxQA~/RgRozxdQP0RDaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wOS8xOC9mZWQtY3V0cy1yYXRlcy1zZXB0ZW1iZXItMjAyNC0uaHRtbFcDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) The Federal Reserve has lowered interest rates by half a percentage point, marking the first rate cut since the pandemic. This decision comes as both the job market and inflation show signs of softening. The Fedâs dot plot suggests further rate cuts in the coming years, totaling around 2 percentage points. âï¸ [Boeing starts furloughing tens of thousands of employees amid machinist strike.](~/AAQRxQA~/RgRozxdQP0Q7aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wOS8xOC9ib2VpbmctZnVybG91Z2gtc3RyaWtlLmh0bWxXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Boeing is taking measures to preserve cash during a labor dispute, which has affected production and increased costs. While the company and union have been negotiating, the strike continues due to disagreements over contract terms. This simple calculator will tell you whether youâre in the middle class [What the Fedâs rate cut will mean for savers, investors, homeowners and more.](~/AAQRxQA~/RgRozxdQP0SFaHR0cHM6Ly9tb25leS5jb20vbWlkZGxlLWNsYXNzLWluY29tZS1jYWxjdWxhdG9yLXBldy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTEwM1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Money; Getty Images The size of the middle class in the United States has fluctuated over time, with a slight increase in recent years but still below its historical peak. Pew Research Centerâs analysis defines the middle class based on income relative to the median household income. [Read more.](~/AAQRxQA~/RgRozxdQP0SFaHR0cHM6Ly9tb25leS5jb20vbWlkZGxlLWNsYXNzLWluY29tZS1jYWxjdWxhdG9yLXBldy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTEwM1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) â¡ [GM electric vehicles can finally access Tesla Superchargers.](~/AAQRxQA~/RgRozxdQP0RZaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvOS8xOC8yNDI0NzEyMi9nbS1ldi10ZXNsYS1zdXBlcmNoYXJnZXItYWNjZXNzLWFkYXB0ZXItcHJpY2VXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) General Motors has announced that its electric vehicle owners can now use Teslaâs Supercharger network. This development follows a software update and the purchase of a Tesla adapter. GM plans to equip future vehicles with Teslaâs charging port natively. ð [U.S. single-family homebuilding surges.](~/AAQRxQA~/RgRozxdQP0RbaHR0cHM6Ly93d3cucmV1dGVycy5jb20vbWFya2V0cy91cy91cy1zaW5nbGUtZmFtaWx5LWhvdXNpbmctc3RhcnRzLXN1cmdlLWF1Z3VzdC0yMDI0LTA5LTE4L1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Single-family homebuilding has rebounded in August, but rising home inventory and lower mortgage rates may limit future growth. The recent increase was likely influenced by factors such as Hurricane Beryl and the previous decline in home sales. This is the most boring (but effective) way to become a millionaire [This is the most boring (but effective) way to become a millionaire](~/AAQRxQA~/RgRozxdQP0SZaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS90aGUtbW9zdC1ib3Jpbmctd2F5LXRvLWJlY29tZS1hLW1pbGxpb25haXJlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images The most effective long-term investing strategies often involve simple, consistent approaches. While chasing quick gains with meme stocks or cryptocurrencies can be tempting, the proven path to wealth creation lies in index fund investing, dollar-cost averaging, and dividend reinvestment. [Read more.](~/AAQRxQA~/RgRozxdQP0SZaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS90aGUtbW9zdC1ib3Jpbmctd2F5LXRvLWJlY29tZS1hLW1pbGxpb25haXJlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ðº [Amazon warehouse workers are getting free Prime and a pay raise.](~/AAQRxQA~/RgRozxdQP0RZaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvOS8xOC8yNDI0ODEzOS9hbWF6b24td2FyZWhvdXNlLXdvcmtlcnMtZnJlZS1wcmltZS1wYXktcmFpc2VXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) The company is offering new benefits to its frontline workers. Amazon will begin providing free Prime subscriptions to eligible employees early next year. Additionally, frontline workers will receive a pay raise of at least $1.50 per hour starting next month. ð [FAA fines SpaceX for launch license violations.](~/AAQRxQA~/RgRozxdQP0RFaHR0cHM6Ly9zcGFjZW5ld3MuY29tL2ZhYS1maW5lcy1zcGFjZXgtZm9yLWxhdW5jaC1saWNlbnNlLXZpb2xhdGlvbnMvVwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The Federal Aviation Administration (FAA) has proposed fines against SpaceX for violating launch license terms on two occasions. The fines total over $633,000. Elon Musk has vowed to fight these fines in court, claiming that the FAA is engaging in âlawfareâ against the company. Smart Money Move The rate cut could create a great opportunity to refinance [car over broken heart](~/AAQRxQA~/RgRozxdQP0TwaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL21vcnRnYWdlLXJlZmluYW5jZS9scC9iZXN0LW1vcnRnYWdlLXJlZmluYW5jZS1jb21wYW5pZXMtbWNjP3BjdWlkPWtkODIyYTc5YWFkYiZjYV9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzJnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX3NvdXJjZT1tY2NsYXRjaHkmd2FmaWQ9VwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~)When the Fed cuts rates, borrowing becomes less expensive. Declining rates create an ideal opportunity to refinance your mortgage. Refinancing can help you save money on interest and potentially reduce your monthly mortgage payment. If you have enough equity in your home, you may also be eligible for cash-out refinancing. A cash-out refinance provides you with a lump sum which you can use to consolidate debt, make home improvements, or anything else you want. [Check out Moneyâs Best Mortgage Refinance Companies today!](~/AAQRxQA~/RgRozxdQP0TwaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL21vcnRnYWdlLXJlZmluYW5jZS9scC9iZXN0LW1vcnRnYWdlLXJlZmluYW5jZS1jb21wYW5pZXMtbWNjP3BjdWlkPWtkODIyYTc5YWFkYiZjYV9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzJnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX3NvdXJjZT1tY2NsYXRjaHkmd2FmaWQ9VwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) [ADVERTISEMENT](~/AAQRxQA~/RgRozxdQP0TwaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL21vcnRnYWdlLXJlZmluYW5jZS9scC9iZXN0LW1vcnRnYWdlLXJlZmluYW5jZS1jb21wYW5pZXMtbWNjP3BjdWlkPWtkODIyYTc5YWFkYiZjYV9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlMTAzJnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX3NvdXJjZT1tY2NsYXRjaHkmd2FmaWQ9VwNzcGNCCmbqUJLsZvUsE-BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ~/AAQRxQA~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~ Stories weâre reading this week - [Intuitive Machines Stock Soars After Securing NASA Contract](~/AAQRxQA~/RgRozxdQP0RWaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS92aWRlby9pbnR1aXRpdmUtbWFjaGluZXMtc3RvY2stc29hcnMtc2VjdXJpbmctMTQwMjIxNDMzLmh0bWxXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [The Best Time to Buy a House Is Coming up Soon](~/AAQRxQA~/RgRozxdQP0SAaHR0cHM6Ly9tb25leS5jb20vYmVzdC10aW1lLXRvLWJ1eS1hLWhvdXNlLTIwMjQvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWUxMDNXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [GameStop CEO Ryan Cohen to Pay Nearly $1 Million Penalty to Settle Antitrust Law Violation](~/AAQRxQA~/RgRozxdQP0SPaHR0cHM6Ly93d3cuZnRjLmdvdi9uZXdzLWV2ZW50cy9uZXdzL3ByZXNzLXJlbGVhc2VzLzIwMjQvMDkvZ2FtZXN0b3AtY2VvLXJ5YW4tY29oZW4tcGF5LW5lYXJseS0xLW1pbGxpb24tcGVuYWx0eS1zZXR0bGUtYW50aXRydXN0LWxhdy12aW9sYXRpb25XA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [60% of Investors Are Making This Mistake Ahead of the Presidential Election](~/AAQRxQA~/RgRozxdQP0SOaHR0cHM6Ly9tb25leS5jb20vaW52ZXN0b3JzLXJlZHVjZS1yaXNrLXByZXNpZGVudGlhbC1lbGVjdGlvbi8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTEwM1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~)
- [Iconic Tupperware Brands Seeks Chapter 11 Bankruptcy](~/AAQRxQA~/RgRozxdQP0RiaHR0cHM6Ly9hYmNuZXdzLmdvLmNvbS9VUy93aXJlU3RvcnkvaWNvbmljLXR1cHBlcndhcmUtYnJhbmRzLXNlZWtzLWNoYXB0ZXItMTEtYmFua3J1cHRjeS0xMTM4MDEyNTdXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [Fast Food Restaurants Are Extending Their $5 Meal Deals to Draw Customers](~/AAQRxQA~/RgRozxdQP0SLaHR0cHM6Ly9tb25leS5jb20vZmFzdC1mb29kLXJlc3RhdXJhbnRzLWV4dGVuZC12YWx1ZS1kZWFscy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTEwM1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~)
- [Darden Restaurants Earnings Disappoint as Olive Garden, Fine Dining Sales Struggle](~/AAQRxQA~/RgRozxdQP0RMaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wOS8xOS9kYXJkZW4tcmVzdGF1cmFudHMtZHJpLXExLTIwMjUtZWFybmluZ3MuaHRtbFcDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) ~/AAQRxQA~/RgRozxdQP0RfaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvOS8xMS8yNDI0MTM4Ni9mb3JtZXItbmV3cy1jb3JwLWV4ZWN1dGl2ZS1nb29nbGUtZG9qLWFkLXRlY2gtdHJpYWxXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from the Fort Worth Star-Telegram. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRozxdQP0RxaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vbmV3c2xldHRlcnMjdXNlcklkPWQ3ZGM3NDUxNzI5N2IzOTcxYWExNGQ2ZjMzMTEzNWEwODc4ZjhmNjQwZmExYTEwMTlmMTU3YjY1YzFiNWRkMWRXA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRozxdQP0QvaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS9XA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRozxdQP0Q-aHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS9wcml2YWN5LXBvbGljeS9XA3NwY0IKZupQkuxm9SwT4FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) | [Terms of Service](~/AAQRxQA~/RgRozxdQP0RAaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS90ZXJtcy1vZi1zZXJ2aWNlL1cDc3BjQgpm6lCS7Gb1LBPgUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Copyright © 2024 Fort Worth Star-Telegram. All Rights Reserved.
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