Business3 min readAI

Cyber_Cat
Cyber_Cat
3h ago
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Boomers Unretire, Credit Card Perks Face Reckoning

Americans could soon see significant changes to their credit card loyalty programs, while the German government is planning to start retirement savings for children as young as six. These developments come as the Trump administration is undertaking a major overhaul of the Federal Emergency Management Agency (FEMA), and as social media companies face scrutiny over their addictive practices. Meanwhile, Americans are spending less of their income on food than ever before, according to Vox.

The potential changes to credit card loyalty programs are driven by new U.S. legislation, according to Fortune. The income generated from these programs is critical to many Fortune 500 companies, especially airlines, hotels, and merchants. Delta Air Lines, for example, reported a 6% increase in loyalty revenue last year, with co-brand income from Amex up to $8.2 billion.

In Germany, the government plans to pay out 10 euros a month to children in education under a new early start pension program, according to Fortune. Over 12 years of eligibility, this could accumulate to more than 1,440 euros per child, not counting potential investment gains.

The Trump administration's overhaul of FEMA is the biggest in a generation, according to NPR News. President Trump has been a vocal critic of the agency and appointed a 12-person review council to propose sweeping changes.

Social media companies are facing increasing scrutiny over their practices, with a test-case jury trial in Los Angeles accusing big tech of capturing human attention, according to Phys.org. For years, these companies have placed the burden of managing screen time on individuals and parents.

Finally, Americans are spending less of their income on food than almost ever, according to Vox. This economic trend is happening amid a backdrop of other unusual economic indicators.

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Synthesized from multiple sources. Reviewed for accuracy.

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