The Friday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Social Security’s “Go-Broke” Date Just Got Closer

The clock is ticking faster for Social Security. Its “go broke” date was just moved up to 2034, meaning it’ll only be able to pay 81% of benefits unless Congress acts.

New laws from both Biden (boosting payouts for some retirees) and Trump (tax cuts that shrink funding) have sped up the shortfall. With 82M people set to collect by 2035, the fight over raise taxes, cut benefits, privatize… just got a lot more urgent.

Source: fortune

💎 What’s poppin in accounting

Dell Names New Chief Accounting Officer

Dell’s top accountant, Brunilda Rios, is stepping down for personal reasons. Richard Troy Sharp, who’s been with Dell since 2012 will take over, keeping financial operations steady.

He’ll earn a $368K base salary plus a bonus. The move comes as Dell rides strong AI-driven growth.

(Here’s his LinkedIn for you corporate stalkers): Richards Linkedin

 📊 Weekly Trend Chart

CEOs Stop Dropping the Hard R

On earnings calls this quarter, S&P 500 CEOs mentioned “recession” just 273 times, down from 862 in Q1. With stocks climbing, rate cuts expected, and earnings smashing forecasts, the panic over an economic downturn is fading.

Even Polymarket bettors are leaning toward a soft landing.

#😂 

Happy Friday!!! 😂 

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