Klaudia Czarnocka

Business

Trump administration considers retiring Social Security numbers

When Social Security was initially introduced as part of the New Deal in the 1930s, it was not meant to serve any purpose beyond tracking an individual’s earnings and determining their Social Security benefits. However, the unique numbers Social Security provided to every citizen were soon used as a means of verifying one’s identity. Recently,…

Passive investing practices gain appeal over active investing
Business

Passive investing practices gain appeal over active investing

Unsatisfactory performance of actively managed funds is pushing investors towards passive investing. Within the last decade, approximately $1.2 trillion has been transferred to mutual funds and exchange traded funds, or ETFs, which are designed to track large caps and popular indices such as the S&P 500. This growing trend presents the possible risk that passive…