GO in the Know: Retirement Worries, Snap Struggles & Top Financial News for May 25

GO in the Know 3
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It’s the middle of the workweek, and we’re staying the course with another roundup of today’s top financial stories.

The Big Lead: ‘Retirement Crisis’ Called Out

A recent Forbes article by Andrew Biggs took Bloomberg editors to task for claiming that the U.S. is facing a pending and dire “retirement crisis,” which could “under reasonable assumptions” overwhelm state budgets. Biggs, an expert on retirement policy and public sector pay, calls the assumptions “anything but reasonable,” however.

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Business Spotlight: Snap

Snap CEO Evan Spiegel said the company was revising its guidance lower due to further deteriorating macroeconomic events, which sent the stock tumbling 43% on May 24. The company also said it would slow hiring.

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Well That’s Interesting: The Benefits of Discussing Political and Social Issues at Work

A new phenomenon has emerged at the workplace — the increase in conversations about politics and social issues at work, according to a new survey.

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Bonus: How To Protect Yourself Against Vacation Rental Scams

Pandemic fatigue is wearing off and Americans’ wanderlust is kicking in. Be careful, though — with summer approaching, there are renewed warnings about scams on vacation rentals and tips on what you can do to avoid them.

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ICYMI: Yesterday’s GO in the Know

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