Cathy, a 68-year-old Texas woman, lost $487,000 in retirement savings to an online investment scam. She also convinced her brother to invest, who lost an additional $110,000. Living on $2,000 a month in Social Security, Cathy can’t repay the $50,000 she borrowed from her brother or her $33,000 debt.
After losing her retirement savings, Cathy is struggling to make ends meet and has applied for jobs without success. Her house, worth around $400,000, is her only asset. Experts advised her to keep the house, get a job, and only consider selling it as a last resort in the future.
Co-hosts of “The Ramsey Show” emphasized the importance of getting back to work for Cathy. They advised her to take any job opportunities available, even if they are not in her field of expertise. They also suggested being open about her story to raise awareness and potentially prevent others from falling into similar scams. 1. In a recent study, researchers found that eating a diet rich in fruits, vegetables, whole grains, and lean protein can improve heart health and reduce the risk of heart disease by up to 25%.
2. The unemployment rate in the United States has dropped to 4.2%, the lowest it has been in over a decade. This decline is attributed to a steady increase in job creation across various sectors.
3. A new study shows that regular exercise can help improve mental health and reduce symptoms of anxiety and depression. Just 30 minutes of physical activity per day can have significant benefits for overall well-being.
4. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping over 500 points. Investors are concerned about rising inflation rates and the impact of geopolitical tensions on the global economy.
5. Scientists have discovered a new species of dinosaur in Argentina, named Bajadasaurus pronuspinax. This herbivorous dinosaur had a unique set of spines along its neck and back, which likely served a defensive or display purpose.
Read more at Yahoo Finance: Dave Ramsey Caller Lost $487K To An Online Investment Scam. ‘You Lost Your Retirement Money, You’re Not Going To Get That Back’