A MoneyLion analysis using MIT Living Wage Calculator data estimates the annual income needed to retire comfortably in each state, from $64,504 in Hawaii to $40,627 in West Virginia. For comparison, the average annual Social Security benefit is about $24,852.
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Nelson Peltz's Trian Fund Management is leading a group offering to buy Wendy's for about $1.4 billion, or $7.35 a share in cash, which would take the burger chain private. The bid is roughly a 20% premium to Wendy's $1.2 billion market value at Tuesday's close, and Trian says the struggling chain needs years of capital investment to turn around.
The Federal Reserve, led by Chairman Kevin Warsh, is expected to hold rates steady Wednesday even though inflation has picked up as the Iran war pushed up oil and gas prices. The Fed raised its key rate last month for the first time in three years, from about 3.6% to 3.9%, and the decision lands less than a week before midterm elections focused on the cost of living.
UK Chancellor John Healey's Budget 2026 removes the 4% tariff on kerosene heating oil and extends 0% VAT on household electricity, measures the Treasury says give Scottish families and businesses breathing space. The Scottish Government also gets an extra £600 million for public services, with growth investments in Glasgow and Edinburgh.
Australia's headline inflation rate rose to 4.3%, with the Reserve Bank's preferred underlying measure at 3.6% for the year to September. RBA deputy governor Andrew Hauser called the numbers 'too high,' and most economists expect another rate hike, the fifth this year, at the Nov. 3 meeting.
