Spotlight

Market Update | July 30

Jon Granston | October 14, 2025

Did you know?

Top Headlines: Delivered by Leonard Steinberg

July 30, 2024

01 U.S. middle class median income was $106,100 in 2022, but the share of Americans that were considered middle class fell to 51% in 2023, down from 61% in 1971. The share of upper-income Americans grew by slightly more than that of the lower-income segment during that time.

(PEW)

02 "You can take horrible experiences you will never forget, but you can use the experiences to live a productive life."

–Dr. Ruth Westheimer

03 No more checks? Target is the latest retailer to stop accepting personal checks as a form of payment at checkout.

(CNBC)

04 Waterfront living without waterfront risk and high insurance costs? Lakefront living is growing in popularity....and price. Traverse City on Lake Michigan feels like you are on the ocean, but that exquisite huge body of water is indeed a (big) lake.

(MANSION)

05 What do many people do when they sell their company? Buy homes! Austin, Texas born Fashionista Tom Ford’s Billion-dollar sale to Estee Lauder led him to buy homes in Palm Beach, Southampton, Manhattan, Aspen and Los Angeles with a combined value of around $250 million. Another retired CEO bought an apartment in Paris to use 3 months of the year.

(WSJ)