‘Showy jewelry and fancy cars hold no appeal’: We have a 99% chance of outliving our life savings. Why not spend it all?
Published . Updated .
“I’m 68, she’s 74, and we’re both in good health. We married later in life and have no children.”
Directly affected
- No company is named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR+3.0% 30d
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.
- TSLA Tesla+10.7% 30d
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
- GM General Motors-1.7% 30d
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
- TM Toyota Motor+2.2% 30d
Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
- F Ford Motor-7.7% 30d
Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CARZNo price data for this ticker | — | — | — | — | — | — | — |
| XLYNo price data for this ticker | — | — | — | — | — | — | — |
| TSLANo price data for this ticker | — | — | — | — | — | — | — |
| GMNo price data for this ticker | — | — | — | — | — | — | — |
| TMNo price data for this ticker | — | — | — | — | — | — | — |
| FNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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“I’m 68, she’s 74, and we’re both in good health. We married later in life and have no children.”
Source: MarketWatch
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 67 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Ford Motor (F), worth $1,001 - $15,000 on 31 Aug 2026. That is 60 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Ford Motor (F) (held by a dependent child), worth $1,001 - $15,000 on 10 Aug 2026. That is 81 days before publication. Filed 4 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“‘Showy jewelry and fancy cars hold no appeal’: We have a 99% chance of outliving our life savings. Why not spend it all?” scores 12 out of 100. The score uses 1 sources.