News You Should Know: Trump Moves to Establish U.S. Sovereign Wealth Fund
News You Should Know
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February 5, 2025
What is a Sovereign Wealth Fund and Why is Trump Creating One Now? | The Guardian
President Donald Trump signed an executive order directing the Treasury and Commerce Departments to create a sovereign wealth fund. Common in oil-rich countries like Norway and Saudia Arabia, sovereign wealth funds often serve as a national pool into which countries can invest surplus funds for the greater good.
Survey Finds Support for Raising Taxes for Social Security | AARP
The country may be sharply divided politically, but Americans can agree on the value of Social Security. In a new survey from AARP and the National Academy of Social Insurance, 85% of respondents said Social Security benefits should be maintained or increased, even if that means paying higher taxes. That support is consistent across party lines, with strong majorities of Republicans, Democrats, and independents all supporting increasing revenue.
Personal Finance Classes are the New Hotness on Campus | Fortune
In school districts around the country, there’s a growing emphasis on the importance of teaching financial literacy, and that trend continues into college. In fact, students are so eager to sign up for personal finance classes that some colleges and universities have waitlists for those courses.
Public Health Worker Shortage Could Mean Challenges For Long-Term Care Providers | McKnights Senior Living
A new report from the U.S. Government Accountability Office found there’s a significant gap between the number of public health workers needed around the country and actual staffing levels. The report said public health emergencies such as the COVID-19 pandemic exacerbated the issue, but the Department of Health and Human Services has taken some steps to address the shortage.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.
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