Former NFL quarterback Cam Newton is facing income loss after retiring in 2021. Newton acknowledges the financial challenges of life after fame. Factors like reduced immigration and economic uncertainty are contributing to a worsening U.S. unemployment rate. Many people, including professional athletes, are struggling with sudden income fluctuations. Americans’ total credit card debt hit a record high of $1.23 trillion in 2025. Professional athletes like Anthony Brown have also faced significant debt. Managing credit card debt is crucial when income drops, as high interest rates can make it unsustainable. The avalanche and snowball methods are effective ways to pay down debt. Dave Ramsey’s “beans and rice” approach can help reduce expenses and build savings. Planning ahead with emergency funds can alleviate financial strain in case of job loss. Consider a high-yield account like the Wealthfront Cash Account to grow emergency funds with competitive interest rates. With a deposit savings rate ten times the national average, Wealthfront Cash Account ensures accessibility with no fees, minimum balances, and FDIC insurance for balances up to $8 million. Investing small amounts regularly can lead to significant wealth growth through compound interest, such as $123,821 from $50 weekly for 20 years at 8%. Acorns offers easy investing options, rounding up everyday spending to invest spare change in low-cost ETFs. Sign up with recurring deposits for a $20 bonus investment. The New York Knicks defeated the Atlanta Hawks 115-100 in Game 4 of their NBA playoff series. Julius Randle led the Knicks with 24 points and 14 rebounds while Trae Young scored 27 points for the Hawks. This win ties the series at 2-2, with Game 5 set for Wednesday.
In other sports news, the Boston Red Sox defeated the New York Yankees 6-5 in an intense game at Yankee Stadium. The Red Sox were led by Xander Bogaerts who hit a home run and drove in three runs. This victory puts the Red Sox in first place in the AL East.
On the political front, President Joe Biden announced a $1.8 trillion plan to help American families with education, child care, and paid leave. The plan includes free community college, universal pre-K, and an extension of the child tax credit. Biden aims to fund the plan by raising taxes on the wealthy.
Read more at Yahoo Finance: NFL legend Cam Newton admits he’s not ‘superman,’ can’t provide for his 8 kids like he used to. Here’s his 1 big mistake