Financial Friday Round-Up: May 3 – May 7, 2021
Welcome to the latest Financial Friday Round-Up, our weekly column filled with the best things for you to read, watch or listen to regarding finance around the web. Below you will find articles on retiring early, the economic recovery, a big year for big tech, and more.
A new study from the Employee Benefit Research Institute found that many people overestimate their ability to work as long as they want, impacting their plans for late retirement. Money took these new findings and offered a plan to help people face an earlier-than-intended retirement with enough savings to last, just in case.
Forbes published an optimistic new report on the U.S. economic recovery, which has helped reduce unemployment to pre-pandemic levels in some states. Certain parts of the country are doing better than others, though — for a full picture of who still has some progress to make, check out this article.
The Wall Street Journal features a column where a financial advisor weighs in on problems facing real people and offers solutions with sound financial advice. This week, a couple wrote in about affording a home with their low-paying (but fulfilling) professions as a snowboarder and a photographer. Check out this piece for an inspired bit of financial planning.
There is no question that tech companies were big winners in the pandemic, with a large portion of the workforce switching to virtual and shopping online. In the Great Recession of the late-00s, big tech companies were hurting just as bad as everyone else; today, these companies increased revenue by more than 25% since the start of the pandemic. Check out this New York Times report for more information on what this could mean for the industry.