The Sentinel: Personal Finance

Guest Commentary |
Riding the stock market roller coaster; don't jump

Now is not the time to faint or jump from the roller coaster. Who knows how the market will perform over the next few weeks.

by Glenn Mollette, Guest Commentator

You never undo your seat belt or jump from a moving roller coaster. Nor, should you when it comes to our current Stock market.

Eight years ago, if you bought a share of VOO or Vanguard S & P 500 ETF stock, you may have paid about $220 for the share. Today, as of this writing it’s worth $490.55. In other words, even with the fall of the stock market recently you have made good money on your investment. A couple of weeks back it was up to $560 which means you were flying high on your profit. Still yet, you have done well.

If you bought your share of VOO two weeks ago at $560 then you have lost $70, at least for now. You may lose some more but you have to hold tight. Don’t panic and sell now or you will have a loss. Ride it out and give the market time to settle down and rise again. If you have to cash in your stock then cash in while they are high.

Now may be a good time to buy but keep in mind the market may go down some more.

Don’t invest your grocery money in stock. This is the money you need every week for food, shelter, travel and overhead. This is not the money you spend on stock. If you do, then in two weeks you will have to sell your stock to eat and risk losing some of the money you invested. Only invest in stock what you don’t currently need for general living expenses.

Who knows how the market will perform over the next few weeks. It’s going to be a few weeks or months before the tariffs really shape up as to what is really what. The reports are that numerous countries are coming to the table interested in making deals and playing fair with the United States. This will be good for us and them. As these deals stabilize look for the stock market to become more stable once again. If Japan, India, South Korea, Canada and Mexico all level the playing field with the United States our stock market will level out. If there are more reports of industry manufacturing coming to the United States the stock market will begin to rise again.

Now may be a good time to buy but keep in mind the market may go down some more. If you bought VIG two weeks ago then you’ve already seen a significant drop. Keep in mind you only lose it if you sell it when the stock is down. I feel confident that the stock market will come back bigger and bolder than ever but it may take a few months or longer.

The stock market has averaged making about ten percent over the last fifty years. This means it has had years when it made more and years when it made less. An average of ten percent is about the best you can do on your money over the long haul.

Now is not the time to faint or jump from the roller coaster. Rely on your stable income such as Social Security, or any other stable income you may have. If you have a regular paying job you may want to stay with it a little while longer if you can and if you enjoy your work.

About the author ~

Glen Mollett is the author of 13 books including Uncommom Sense, the Spiritual Chocolate series, Grandpa's Store, Minister's Guidebook insights from a fellow minister. His column is published weekly in over 600 publications in all 50 states.

The views expressed are those of the author and are not necessarily representative of any other group or organization. We welcome comments and views from our readers. Submit your letters to the editor or commentary on a current event 24/7 to editor@oursentinel.com.

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Refunds to New Rides: 3 essential tips for buying a good used car this spring

Photo: Leon Seibert/Unsplash

Family Features - Tax refunds have started rolling in, which means many people are looking to use this influx of cash to make purchases they’ve been putting off. According to an Oxford Economics report, the amount of money received from income tax refunds this year could be among the highest in recent years, so many people may have more money in their pockets to spend this spring.

One purchase typically rises to the top this time of year: used vehicles. The Oxford report shows used vehicles are one of the most popular purchases for Americans during tax refund time as this coincides with higher resale values of used vehicles. When making this purchase, it’s important to consider several factors to make a smart financial decision.

Make Sure the Purchase Fits Within Your Budget

Data from Kelley Blue Book and Cox Automotive suggests average used car prices are around 50% less than new vehicle prices. Trusted used car companies and dealerships often feature a wide selection of inventory, including different makes and models, so customers can select a vehicle that excites them and fits within their budget.

“While there are several considerations to keep in mind when shopping for a vehicle, consumers should never exceed their budget,” said Laura D. Adams, personal finance expert, host of the “Money Girl” podcast and a paid Enterprise Car Sales spokesperson. “A vehicle that is near new is often an excellent sweet spot for consumers looking for quality without wanting to make the leap to purchase an expensive, new vehicle.”

Searching for a vehicle with a retailer you trust can help make it easy to stay within your budget. For example, with Enterprise Car Sales, the price listed is the price you’ll pay.

Keep the Monthly Payment Low

The more you can invest in the down payment on a vehicle, the lower your monthly cost will typically be and the less interest you will typically pay over the length of the loan. This can lead to lower, more manageable monthly payments.

“In setting a budget for a quality used vehicle, it’s important to consider the initial down payment, the monthly payments, and the interest,” Adams said. “When consumers can put a little more toward the initial down payment, while staying within budget, they often thank themselves later when they have lower monthly payments and less interest accrued.”

There are many online resources that can help consumers make this calculation. For example, an auto loan calculator can show you how a down payment can affect interest charges.

Purchase a Reliable Vehicle

No matter who you buy from, ensuring you are purchasing a high-quality, reliable vehicle is of the utmost importance. Do your research before signing on the dotted line and conduct a test drive if you can.

“When conducting your search, it’s important to put companies and dealerships you trust at the top of your list,” Adams said. “Maintenance costs can sometimes creep up down the road, so it’s important to make this significant purchase from a company or dealership you trust.”

Some dealers also provide additional benefits to help protect a purchase. For example, all vehicles purchased through Enterprise Car Sales are “Enterprise Certified,” pass a rigorous inspection by ASE-certified technicians and come with a 12-month or 12,000-mile limited powertrain warranty (whichever occurs first), 12 months of roadside assistance and a 7-day or 1,000-mile (whichever occurs first) buyback policy.

With a little research and careful planning, you can find a reliable used vehicle that excites you. Visit enterprisecarsales.com for more information.

Op-Ed |
Congress is taking from the poor and giving to the rich

Let’s say you’re lucky enough to get housing at that wage. Do you then spend all your money on rent and skip nutritious meals for your family?

by Jocelyn Smith
OtherWords

I know how it feels to be hungry and homeless.

That’s why after work, I drive around town and pick up leftover food from restaurants, schools, grocery stores, and special events. My fellow volunteers and I set up in a big parking lot in our downtown to make this food available to anyone who shows up — no questions asked.

And it’s why other volunteers and I also work to find empty housing units that have fallen into disrepair because the landlords can’t afford the upkeep. We raise money and give them grants so they can bring the units up to code for use as low-income housing rentals.

I’m proud to do this work. But it’s no substitute for fair, living wages and a reliable public safety net. The minimum wage where I live is $12 — well below the $21 per hour the National Low Income Housing Coalition has calculated is necessary to afford a market rate two-bedroom rental locally.

Let’s say you’re lucky enough to get housing at that wage. Do you then spend all your money on rent and skip nutritious meals for your family? Or do you skip health care and medication? If you have a paycheck and a roof over your head, you might not qualify for food assistance, even if you don’t make enough to make ends meet.

foodbank photo — Foodbanks play a crucial role in addressing hunger and ensuring that vulnerable populations have access to nutritious food when they are unable to afford or access enough food on their own.

I work, volunteer, take care of my child, and I’m fortunate enough to have housing. But I still need to rely on SNAP — the Supplemental Nutrition Assistance Program, also known as “food stamps” — for my family.

My daughter has epilepsy, and thankfully I was able to get her onto Social Security Disability Insurance. However, she needs not only costly medication but also frequent neurological supervision and a device that helps to stop her seizures. There’s no neurologist in our town who can treat her, so we have to travel and lodge hours away for it.

when we need help, the bar for our income shouldn’t be so low that we must be nearly destitute, without any savings or emergency cushion, to qualify.

The expense is enormous, and that’s not even getting into expensive medications for my own heart problems and autoimmune disorders. Thankfully, we qualify for Medicaid. Otherwise, treatment would be out of reach.

But what does it say about our policy priorities when we need to say, “I’m disabled, taking care of my disabled daughter, I work, and I help feed my community, and yet I need assistance affording meals for my family?” These are the realities that a good society plans for so we can all thrive, no matter what obstacles life throws our way.

The programs our tax dollars pay for so families like mine can get help when we need it must be more robust. Programs like SSDI shouldn’t be so inaccessible. Food, housing, and health care shouldn’t be so expensive — and wages shouldn’t be so low that these basic necessities are unaffordable.

And when we need help, the bar for our income shouldn’t be so low that we must be nearly destitute, without any savings or emergency cushion, to qualify.

Is Congress working on any of this? Unfortunately, no. Instead, they’re doing the opposite right now.

In fact, the GOP budget proposal would slash $880 billion from Medicaid and $230 billion from food assistance. They’re also cutting government agencies that assist with affordable housing, transportation, safety, veterans, and children with disabilities.

Why? Because they need to find at least $4.5 trillion to give even more tax cuts to the wealthiest and largest corporations. They are reaching into my very shallow pockets, into my daughter’s life-saving medical care, and into the mouths of those who come to my food table in that parking lot.

They’re stealing from us to give to the rich, perpetuating a vicious cycle of poverty that keeps people homeless and hungry.

I don’t think that’s fair. Do you? We all deserve better.

Jocelyn Smith lives in Roswell, New Mexico. She works at a local talk radio station, runs a local Food not Bombs chapter, and volunteers at Rehab to Rental, helping to increase affordable housing options. This op-ed was produced in partnership with the Institute for Policy Studies and the Working Class Storyteller and distributed by OtherWords.org.

Commentary |
Trump wants to cut taxes for the rich, states can choose differently

by Eli Taylor Goss & Treasure Mackey

OtherWords

As President Trump takes office, one of his first agenda items is to slash taxes on corporations and the rich. The results will be more inequality and less revenue for the programs Americans rely on.

The good news? States can make their own tax codes more equitable. And everyday people can help.

With the help of public opinion, strategic communications, and messaging research firms, we spent over a decade talking to people in Washington to better understand their deeply held beliefs about taxes.

In our state, Washington, people voted overwhelmingly this past November to protect our state capital gains tax on the ultra-wealthy. This was a hard-fought victory by a movement of people who believe we need a better tax code.

Let’s back up.

Despite our “blue state” status, Washington’s tax code has long been one of the most inequitable in the country because it over-relies on regressive measures like sales taxes and property taxes. That forces low- and middle-income earners to pay the biggest portion of their income in taxes to fund the programs and services we all rely on.

In 2010, an initiative to enact a tax on high earners in our state failed miserably. Although many people — including lawmakers — proclaimed the death of progressive taxes in Washington, advocates came together with a long-term goal of building public support for progressive revenue.

Our organizations were two of many that did this work. From interfaith organizations to affordable housing advocates to union leaders, we created coalitions to hold lawmakers accountable to build an equitable tax system.

In addition to organizing and legislative strategies, our coalitions prioritized shifting the public narrative.

We learned that most Washingtonians felt the impacts of our upside-down tax code but didn’t realize just how much it favored the rich. And in focus groups and community meetings, we heard people vocally support taxes when they understood the services they provide.

Our state capital gains tax is an excise tax on the sale of high-end stocks and bonds. Many extremely wealthy people are able to hoard wealth from selling these stocks.

In media interviews, legislative testimonies, community events, and town halls, we showed how creating a budget that funds our communities requires the wealthy to pay what they owe. We tied taxes to critical programs and services like child care, education, parks, and safety net programs.

We also highlighted how our tax code — which was designed to favor white, land-owning men over everyone else — is harmful to communities of color and low-income people.

Buoyed by grassroots organizing and legislative efforts, national momentum for taxing the rich, and some wealthy spokespeople who said “we want to pay this,” our coalitions helped our legislature pass a capital gains tax in 2021. We also helped pass a Working Families Tax Credit that year, a cash boost for people with low incomes. Together, these policies started to holistically fix our tax code.

Our state capital gains tax is an excise tax on the sale of high-end stocks and bonds. Many extremely wealthy people are able to hoard wealth from selling these stocks.

In its first two years, our modest capital gains tax on the richest 0.2 percent of Washingtonians brought in $1.3 billion to increase access to affordable child care and support school construction projects. But as soon as it passed, a handful of uber-wealthy individuals filed a lawsuit to repeal the tax.

Ultimately, the state Supreme Court upheld it. The last test was on the ballot in November. We soundly defeated Initiative 2109, a last-ditch effort to repeal the tax. Over 64 percent of voters — including majorities in right-leaning counties — supported keeping the capital gains tax in place to fund schools and child care.

Our win — which many thought impossible a decade ago — was a bright spot nationally this fall. We still have a long way to go towards a just tax code, but it’s possible to flip the script and build public support for progressive revenue. Wherever you live, we hope your community is the next to make that happen.

Eli Taylor Goss is the executive director of the Washington State Budget and Policy Center, a research and policy organization that works to advance economic justice. Treasure Mackey is the executive director of Invest in Washington Now, an organization working to remake our tax code so it works for everyone. This op-ed was distributed by OtherWords.org.

Guest Commentary |
Give your life one more chance

by Glenn Mollette, Guest Commentator

Glenn Mollette

Too often we quit right at the time we were close to being successful. Frequently, we give up at the darkest part of the night when morning was so close to appearing.

You may have spent a lifetime trying to conquer an addiction. Your addiction has colored your life in an unflattering way. Most likely it’s affected your success, finances, and your relationships.

Answer this question, is your addiction worth what it has cost you? Do you really derive that much pleasure from the very thing that keeps tearing you apart and bringing you down? We both know the answer, and it’s a big no. Yet, you keep going back to what brings you down. Why not try one more time? This could be the year that you turn the corner and the page for a new and better you.

You may feel as if your marriage and relationship with your spouse has failed. He or she has failed, you have failed, you both have given up, and let your marriage die. What could he or she do differently? What can you do differently?

No one is perfect. Another man or woman will have their own issues of some kind. We are imperfect people. Is your marriage worth saving? What about all the years, toil, work, and life that you have shared with this other person? Is it not worth giving it one more try? If you give it one more honest effort at least you’ll know that you tried and that will be worth some peace of mind down the road.

Sit down and have a heart-to-heart talk and deal with any and every issue that you feel is important to making your marriage work. Talk it out, pray it out, be completely real. There was something about this person that made you love and marry him/her, so go back and give it one more concerted effort at making it really work.

Every human has had some kind of life failure. Abraham Lincoln lost election after election. Losing an election is gut wrenching but he kept trying. President Donald Trump has been through about as much as anyone I’ve known but came back to be our President. Most of us would have given up long ago and could never have survived all he has been through. What do you need to try one more time?

What about your weight loss? Are you tired of feeling bad, having clothes that won’t fit, and watching your health decline because you are carry 20 or 30 pounds you don’t need? You have probably lost 10 or 20 pounds and then put it right back on. We’ve all done this more than once. It’s easy to do. As Dolly Parton said, “There is a fat person inside me trying to get out.”

I feel the same way. Why not get real religious about your eating. It’s 95% about your eating. Exercise helps but it’s mostly about your eating. Go to small portions three or four times a day. This way you’ll not be starving and you’ll slowly lose about a pound a week. In six months, you’ll be so happy you’ll be singing and dancing.

Don’t give up on God. He will help you with all the above and more. The old song asks this question, “Have you failed in your plan of your storm-tossed life? Place your hand in the nail-scarred hand. Are you weary and worn from its toil and strife? Place your hand in the nail-scarred hand. He will keep to the end, He’s your dearest friend. Place your hand in the nail-scarred hand.”

About the author ~

Related Sentinel articles ~

Budget-Friendly renovation ideas to modernize your home

Renovating doesn’t have to be expensive. Small updates can make a big difference.

Photo: Gypsum Partition/Pixabay

SNS - Renovating your home can be affordable with the right approach. Simple changes, like repainting walls or updating fixtures, can create a fresh, modern look without a high price tag. Whether you’re improving outdated spaces or enhancing functionality, these budget-friendly renovation ideas to modernize your home will help you achieve a stylish, updated space while staying within your budget.

Focus on Comfort While Modernizing

Creating a comfortable and welcoming environment doesn’t have to be expensive. Focus on creating cozy spaces in your home by incorporating soft lighting, warm textiles, and functional furniture. Add plush rugs, throw blankets, and cushions to living areas for a cozy feel. Rearrange furniture to create intimate seating arrangements that encourage conversation.

Repaint Your Walls for an Instant Refresh

A fresh coat of paint is an affordable way to change a room’s appearance. Choose modern, neutral colors to create a timeless look. Painting your walls can also brighten dark spaces or make smaller rooms feel larger. Consider using high-quality paint that lasts longer and reduces the need for frequent touch-ups.

Accent walls are another great option for adding personality without extra cost. Use bold colors or wallpaper to draw attention to a specific area.

Update Lighting Fixtures for a Modern Touch

Old lighting fixtures can make your home feel outdated. Replacing them with new, stylish options is a simple and affordable fix. Look for budget-friendly pendant lights, LED strip lighting, or modern chandeliers to elevate your space.

Smart lighting systems are an excellent investment if you want added convenience. These systems let you control lighting remotely and can save energy over time.

Utilize Mobile Storage During Renovations

Renovating your home often requires clearing out rooms to make space for the updates. A convenient solution offered by COWS Mobile Storage is portable storage units delivered right to your doorstep. These units are perfect for safely storing furniture, decor, and other items during your renovation process. By keeping your belongings out of the way, you can work more efficiently and protect your items from potential damage.

Transform Flooring with Peel-and-Stick Tiles

Replacing flooring can be expensive, but peel-and-stick tiles are a cost-effective alternative. These tiles are easy to install and come in various styles, including wood-look and stone designs.

Peel-and-stick tiles are perfect for kitchens, bathrooms, or any high-traffic areas. They’re also durable, making them a great choice for families. These budget-friendly renovation ideas to modernize your home are easy for anyone to implement and provide great results.

Photo: WarrenMae Investment Group/Pixabay

Transform Your Bathroom for a Luxurious Feel

Upgrading your bathroom doesn’t have to cost a fortune. Small changes like replacing old faucets, adding a new showerhead, or incorporating soft, neutral tones can make a big difference. For a truly relaxing space, consider how to turn your bathroom into a spa-inspired oasis. Adding features like scented candles, fluffy towels, and even peel-and-stick tiles can create a calming, spa-like atmosphere without overspending.

Add Storage Solutions to Declutter Your Space

Cluttered spaces can make your home feel outdated and cramped. Adding budget-friendly storage solutions can solve this problem while modernizing your home.

Floating shelves are a practical and stylish addition to any room. Storage baskets and bins can help organize smaller items while keeping your home tidy.

If you want larger changes, consider installing built-in shelving units or storage benches. These options provide functionality while blending seamlessly into your space.

Install a New Backsplash in Your Kitchen

A new backsplash can completely transform your kitchen’s appearance. Peel-and-stick backsplashes are affordable and easy to install on your own.

Popular styles include subway tiles, geometric patterns, and mosaic designs. Choose materials and colors that complement your existing countertops and cabinets for a cohesive look.

Replace Old Faucets and Showerheads

Outdated plumbing fixtures can bring down the style of kitchens and bathrooms. Replacing them is a budget-friendly way to give these areas a modern look.

Search for fixtures with sleek designs and finishes like chrome, black, or brushed gold. Many new faucets and showerheads also come with water-saving features, which can lower your utility bills.

Create an Accent Wall with Wood Panels or Shiplap

Wood panels or shiplap are great options for adding texture and interest to any room. These materials are affordable and can be installed as a DIY project.

Use shiplap in living rooms, bedrooms, or entryways for a cozy and modern touch. Painted wood panels in darker tones can add sophistication to your home.

Add Outdoor Curb Appeal

Modernizing the exterior of your home can increase its value and make it more inviting. Affordable upgrades include painting your front door, updating outdoor lighting, or adding planters with seasonal flowers.

Pressure washing your driveway and siding can also improve your home’s appearance. These simple steps can make your home feel refreshed without major renovations.

Add Style with Mixed Metals

One of the easiest ways to modernize your home is by updating finishes and fixtures. Consider how to implement mixed metals in your next home renovation project for a trendy and sophisticated look. Combining metals like brushed nickel, matte black, and brass can add depth and visual interest to kitchens, bathrooms, and living spaces. Use this technique thoughtfully by mixing no more than two or three metal finishes in a single room for a cohesive design.

Invest in Energy-Efficient Windows or Insulation

While this option may have a higher upfront cost, it can save you money over time. Energy-efficient windows and insulation reduce heating and cooling bills.

Look for government rebates or local programs that offer financial assistance for these upgrades. This makes it easier to modernize your home while staying within your budget.

Update Textiles and Decor

Small decor changes can have a big impact on the overall style of your home. Swap outdated curtains, rugs, or throw pillows for modern options.

Stick to neutral colors or simple patterns for a timeless appearance. Layering textures like cotton, linen, or faux fur can also make your space feel more modern and inviting.

Modernize Your Home on a Budget Today

Renovating doesn’t have to be expensive. Small updates can make a big difference. Use these budget-friendly renovation ideas to modernize your home and create a space you’ll love.

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52% of Americans say there is a secret to success, according to new study

For most, financial success means being able to pay bills on time, owning a home, and affording luxuaries like travel abroad and attending entertainment events.

Photo: Christina Morillo/PEXELS

BPT - Is there a secret to financial success? Most Americans (52%) say "yes" — and the average salary considered successful is $270,000 per year, and $5.3 million in net worth, according to new research from Empower, a financial services leader in investing, planning, and advice.

But it's not just money — it's what money can buy. Only 27% rank wealth as the highest measure of financial success. Rather, most Americans say happiness (59%) is the most important benchmark — being able to spend money on the things and experiences that bring the most joy, doing what you love, followed by the luxury of free time (35%) to pursue personal passions.

People say success is about the "Factor of Four": hard work (84%); talent (65%); who you know (55%) or The Network Effect; and luck and circumstance (51%). The secret is to be a visionary (36%) — and then outwork everyone (32%), a belief held most firmly by those with incomes over $100k, rising to 40%. Pay yourself first, say over one third of people (35%), by putting money away and saving for retirement. For 1 in 5 younger generations (Gen Zers and Millennials 19%) a secret to success is "fake it 'til you make it."

"Fortune favors the bold, and people feel success is within their grasp with the right combination of dreaming and planning," says Rebecca Rickert, head of communications at Empower. "It's about disciplined, smart money choices, but overall people define financial success as very meritocratic, and a little serendipitous. There's a sense that effort and outperformance will take you far."

Still, nearly half of Americans (47%) feel they'll never achieve the level of success they're seeking. Just 37% of people consider themselves financially successful right now — with higher numbers of men than women (42% compared to 33%). Only half (50%) of people state they are or will be better off financially than their parents, a long-held meterstick for generational success.

Barriers to success

More than one third say the economy (35%) and income instability — irregular or insufficient income streams (30%) — is a culprit, along with lack of knowledge about managing finances (20%). Nearly a third say the biggest obstacle to success is not setting clear financial goals (28%). Over 1 in 4 (26%) say procrastination or delaying financial planning or decision-making gets in the way. People see a lack of savings (35%), overspending and not budgeting effectively (37%), and debt (36%) as barriers to success.

Despite hurdles, most Americans (58%) believe that they will achieve financial success in their lifetime, with the younger generations most optimistic (Gen Z 71%, Millennials 70%, Gen X 53% and Baby Boomers 45%).

Success, realized

For most people (63%), financial success is found in tangible wins: being able to pay bills on time, owning a home (52%), and affording experiences like travel and entertainment (47%). For 40%, it's about retiring at a goal age — and while they are working, enjoying the job (42%).

Having a financial plan (45%), building up retirement plan savings like 401(k) investments (30%), and investing in stocks (27%) are top money moves people say propel greater success. One in 3 people (30%) say getting good financial advice is worth its weight in gold.

More key findings from Empower's report, "Secret to Success":

Making it: People say the surest path to success is a well-paying job (51%), saving as much as possible and the power of compounding (46%), along with making smart investment decisions (46%). Some 36% say it's financial education. People reveal that a secret to success is never spending more money than you make (52%).
Risking it: Nearly 1 in 4 (23%) say taking risks is an important money move to get richer. A third (34%) believe success means prioritizing your efforts because Time is Money.
Society says: Americans say their personal definition of success is often at odds with what society prizes. Less than half of people (43%) define financial success as having a certain amount of money or assets. Conversely, people say society equates success with wealth (59%), power (44%), and fame (35%). Just 6% say they value "power" as a measure of success for themselves.
Success through the ages: Almost half of Americans (49%) feel less financially successful compared to others. 60% say that for their generation, financial success is much harder to achieve than for other generations — a sentiment highest among Millennials at 69%, and lowest among Boomers at 49%. Still, the definition of success may be evolving, as 83% agree that each generation has its own idea of success.
Success is in the eye of the beholder: Most Americans agree (71%) that there is no single measurement for financial success. One point of agreement: 61% say you can never have enough money.
Health = wealth: Over a third say success is just as much about physical well-being (35%) as it is how much money they have (27%).
More money, more problems: 47% agree with the adage "more money, more problems." The majority (71%) say being rich has a positive connotation, and 61% say being rich is more than dollars and cents.
Success at work: People say the definition of success at work is how much money they earn (38%), benefits like healthcare, insurance and time off (36%) — but it's also about the intangibles: finding the right job fit that aligns with their values and personality (35%) and receiving recognition and appreciation (35%). A third say having a good boss is worth its weight in gold (29%), and people view success in the workplace as flexibility (26%) and autonomy (20%).
The value of a degree: 35% say the college you attend is a big determinant of how rich you are (vs 65% who say it isn't).

Visit The Currency™ to read Empower's full research report, "Secret to Success."

Viewpoint |
The rise of “Corporation Communism” is undermining democracy

by Jacque Trahan

In 2010, the Citizens United v. FEC Supreme Court decision redefined American politics. By granting corporations the same free speech rights as individuals, it allowed them to spend unlimited sums on elections. While proponents called it a victory for free expression, it has instead created a dangerous paradox: a system I call “corporation communism.”

At first glance, the term might seem contradictory. After all, corporations are synonymous with free-market capitalism, while communism is the antithesis of that system. But beneath the surface, there’s an unsettling resemblance.

Much like the centralized control of resources in communist regimes, corporations have amassed outsized power, dominating markets, influencing legislation, and concentrating wealth. This centralization doesn’t reflect the competition capitalism promises; instead, it mirrors the monopolistic tendencies of an authoritarian state.

As President Theodore Roosevelt once said, “The corporation is the creature of the State, and it must be held to strict accountability to the people.” Roosevelt—a Republican—championed trust-busting because he understood that unchecked corporate power was a direct threat to democracy. His wisdom is more relevant now than ever.

Related reading ~

How We Got Here

The Citizens United decision unleashed billions in corporate spending, turning elections into auctions. Candidates no longer vie for votes alone; they chase dollars from the wealthiest donors. Policies that serve public interests—affordable healthcare, climate action, workers’ rights—are sidelined for those favoring corporate profits.

President Franklin D. Roosevelt, a Democrat, warned during the Great Depression: "The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself." Today, corporate lobbying often overwhelms the will of the people, making FDR’s cautionary words painfully prophetic.

This system fosters what I call "economic elitism," where a handful of powerful entities dictate the rules. From healthcare and energy to tech and agriculture, monopolies have reduced competition, stifling innovation and raising costs for everyday Americans.

Why Call It 'Corporation Communism'?

Though the term may sound provocative, the parallels are striking:

Centralized Power: Just as a communist state controls resources, corporations dominate entire sectors, from Big Tech to Big Pharma.

Loss of Choice: Consolidation through mergers limits competition, leaving consumers fewer options—whether in broadband providers or news outlets.

Suppression of Dissent: Employees who speak out often face retaliation, while public critics risk lawsuits or smear campaigns.

Reverse Redistribution: Wealth is siphoned upward, enriching executives and shareholders, much like the privileges enjoyed by elites in authoritarian regimes.

The Threat to Democracy

Unchecked corporate power corrodes democratic values. Voters’ voices are drowned out by well-funded lobbying and attack ads. Local businesses are crushed under monopolistic practices, reducing entrepreneurship—the backbone of a healthy economy.

President Dwight D. Eisenhower, another Republican, once warned in his farewell address: "In the councils of government, we must guard against the acquisition of unwarranted influence… by the military-industrial complex." His words echo today, as corporate influence extends far beyond the military into nearly every aspect of policymaking.

How We Fight Back

Reversing “corporation communism” requires bold action:

Overturn Citizens United: Campaign finance reform is essential to restore fair elections.

Break Up Monopolies: Enforce antitrust laws to dismantle corporate giants and promote competition.

Demand Transparency: Require corporations to disclose political contributions and lobbying activities.

Empower Workers: Strengthen unions and worker protections to ensure fair wages and working conditions.

A Call to Action

The promise of capitalism is opportunity for all—not unchecked power for a few. By framing this issue as "corporation communism," we reveal the irony of a system that cloaks monopolistic control in the rhetoric of freedom.

Leaders across political lines—Teddy Roosevelt, FDR, Eisenhower—recognized the dangers of unchecked power, whether from corporations or governments. Their words remind us that democracy thrives only when power is accountable to the people.

It’s time to reclaim democracy from those who would buy it out from under us. Let’s make sure our government answers to the people—not corporations.

Based in Lafayette, Louisiana, Jacque Trahan loves to travel. "I save most of my money for this alone, concerts, festivals, video games with friends, I stream from time to time (but need to update my pc), and enhancing my coding skills." Jacque hopes to become a data engineer.

Food banks in Illinois to receive USDA funding to combat low food inventories across the state

by Terri Dee
Illinois News Connection

CHICAGO - People will gather over the holidays with family and friends to count their blessings.

While the holiday feast is plentiful for many, some people fear a lack of food access leaves them with little to celebrate.

The U.S. Department of Agriculture announced last week that food providers in predominantly rural, remote and underserved communities in Illinois and nationwide will receive an additional $500 million to purchase fruits, vegetables, and nuts to stock their pantries.

USDA Undersecretary Jennifer Moffitt said the state will receive millions.

"For Illinois," said Moffitt, "$28 million is going to the state of Illinois and will be distributed by the Illinois Department of Agriculture."

The $500 million is in addition to $1.5 billion in funding since 2022 for emergency food providers nationwide.

Moffitt said the funding is about connecting farmers and food with the Emergency Food Network to bring that product to local communities.

This will enable farmers to sell their products at a good price to food banks and pantries, grocery stores and restaurants.

According to the Greater Chicago Food Depository, around 12% of Illinois households faced food insecurity between 2021 and 2023.

The Northern Illinois Food Bank echoes the status of food pantries around the country. The need is growing, but supplies are not keeping up with the demand.

Food Bank Director of Media Relations Katie Herity said the organization is serving a record number of neighbors, so the USDA grant will help significantly.

"Last year, we served 90 million meals throughout our service area, which is 13 counties in rural and suburban northern Illinois," said Herity. "Donations have slowed down, and so we continue to reach out to help raise awareness and welcome all food donations."

Herity claimed that after the pandemic, the number of donations slowed but the number of neighbors reaching out for help increased - serving double the pre-pandemic level.

She said volunteers are crucial to the food bank's daily operations in helping food distribution.