Biden spoke so softly during a January meeting that some couldn't hear him, per The Wall Street Journal.
The White House meeting involved negotiations for additional funding for Ukraine.
Biden has sought to address concerns about his age by touting his administration's accomplishments.
President Joe Biden during key January negotiations for a Ukraine funding deal spoke so low that some attendees had difficulty hearing him speak, according to The Wall Street Journal.
The report comes as voter concerns about Biden's age remain a major issue impacting his reelection bid, with Democrats largely defending his performance while Republicans have continued to question the president's acuity.
The Journal reported that Biden took roughly ten minutes to slowly greet congressional leaders before the January White House meeting began, and once it started, the president then reiterated the need to support Ukraine — despite the general consensus in the room already being that additional funding was needed.
In the meeting, which was attended by House Democratic Leader Hakeem Jeffries of New York and Office of Management and Budget director Shalanda Young, Biden read from notes and often deferred to staffers when he was asked questions, according to The Journal.
Biden during the meeting also closed his eyes for such a duration that some wondered if he had shut out the meeting, per the report.
"You couldn't be there and not feel uncomfortable," one attendee told The Journal. "I'll just say that."
It's a damning portrait for Biden — a leading negotiator throughout his decades-long career in Washington — as the 81-year-old president's fitness for office has been an issue that former President Donald Trump has sought to wield against him.
The White House strongly pushed back against the characterization of Biden as a poor performer, which spokesman Andrew Bates in a statement to the Journal said were "false and politically motivated claims."
"President Biden inherited an economy in free fall, fraying alliances, and a spiking violent crime rate, and he turned each around with his experience and judgment, delivering the strongest economic growth in the world, making NATO bigger than ever, and forcing violent crime to a near 50-year low," Bates added in a Wednesday statement.
Enter Culdesac, a car-free community in Tempe that is combatting the area's heat problem with a neighborhood built to cool.
The neighborhood, where cars are banned and residents get around with public transit and electric bikes, opened in 2023. A company representative told Business Insider that the 17-acre block houses 200 people, but the company is aiming for 1,000 residents.
I recently got a tour of Culdesac, where I anticipated open street paths, shops, and amenities residents could walk to.
And I found all of that. But I didn't expect to feel cooler on the block than on the surrounding streets.
During my tour, I learned that Culdesac feels about 15 degrees colder than the city's temperature, thanks to initiatives by the housing startup during the building process.
Culdesac is a car-free neighborhood that feels cooler than the surrounding streets.
The plaza in Culdesac in Tempe.
Joey Hadden/Business Insider
When I arrived at Culdesac on an April afternoon, the temperature was about 90 degrees in Tempe, Arizona. But it didn't feel that way.
CEO, cofounder, and Culdesac resident Ryan Johnson — who hasn't owned a car in 14 years — told BI that Culdesac feels cooler than the rest of Tempe for four reasons: pavement materials, building layout, landscaping, and color.
This is in part because there's no asphalt anywhere on the block.
A pathway in Culdesac's plaza.
Joey Hadden/Business Insider
The ground at Culdesac contributes to its cooler temperatures. Unlike most urban areas, the neighborhood was built without asphalt, a paving material that soaks up the sun's heat.
While developing the block, Culdesac used alternative materials like pavers and decomposed granite to combat high temperatures and absorb rainwater that would otherwise heat up, the Culdesac representative told BI. He added that the temperature measures 30 degrees Fahrenheit cooler than the asphalt on surrounding streets.
The neighborhood's layout was designed to maximize shade.
Shaded space between buildings.
Joey Hadden/Business Insider
According to Culdesac's website, the neighborhood can feel 10-15 degrees cooler than the temperature because there's so much shade.
The residential buildings are positioned close together to add as much sun coverage as possible to the block.
And in the plaza, where the pathways are wider, there's a shaded canopy sculpture created by artist Matthew Salenger.
Culdesac thoughtfully landscaped the block to provide even more sun coverage.
Landscaping outside of a shop in Culdesac.
Joey Hadden/Business Insider
More than 50% of Culdesac is open space full of plants that add shade. The community carefully selected trees that provide sun coverage, opting for palo verde — ideal for shade, according to Desert Sun — over palm trees, which dot many streets in the county without blocking much of the sun.
The trees shade the plaza and courtyards between residential buildings.
The buildings' bright colors reflect sunlight.
Bright, white residential buildings in Culdesac.
Joey Hadden/Business Insider
Culdesac selected white paint for its buildings because, unlike darker colors, the sun's rays bounce off white surfaces, resulting in the buildings absorbing less heat.
Reflecting the heat also makes the buildings more energy efficient because less air conditioning is required to cool them.
To me, Culdesac made the hot county feel livable.
The author in Culdesac's plaza.
Joey Hadden/Business Insider
I love Arizona. It's where I was born, and although I don't remember living there, visiting the beautiful state with its mountains, canyons, and desert landscapes over the years has made me wonder about moving there someday.
The idea of scorching summers has always given me pause, though. But maybe I could live just outside the hottest city in America if I moved to a neighborhood like Culdesac.
The listed investment company (LIC)Australian Foundation Investment Co Ltd (ASX: AFI) is invested in a wide array of different companies and sectors. I think it’s important to know what you’re invested in with AFIC shares or any other diversified options, so we’ll examine that below.
AFIC is one of the oldest investment companies in Australia. It has been operating since 1928 and delivers its investment strategy for investors at a very low annual management cost of 0.14% (and no performance fees), allowing investors to enjoy the benefits of the returns.
The LIC’s website states it aims to invest in between 60 to 80 companies across a range of sectors. Those investments are “selected for their ability to perform through economic cycles and generate returns over the long-term.”
AFIC shares its biggest 25 investments each month, so let’s examine the portfolio as of 31 May 2024.
Top holdings
The biggest positions are important because they have the largest impact on the performance of AFIC shares and its net tangible asset (NTA) value.
Excluding cash, the largest 25 holdings comprised 79.6% of the portfolio on 31 May 2024. There were ten positions that had a weighting of at least 2.5%, which I’ll list below and their allocation of the portfolio:
Commonwealth Bank of Australia (ASX: CBA) shares (9.6% of the portfolio)
Some of its other top 25 holdings are smaller but more growth-focused, such as CAR Group Limited (ASX: CAR), Resmed CDI (ASX: RMD), Reece Ltd (ASX: REH) and Xero Ltd (ASX: XRO).
I’ll also point out that the LIC has a relatively small, but growing, part of the portfolio allocated to international shares. The company reveals its holdings each year in its annual result, with the latest being the 2023 annual report.
Sector allocation
To get an overall picture of how AFIC shares are positioned, let’s look at the industry weightings.
As of 31 May 2024, AFIC had the following investments by sector:
Banks (20.3%)
Materials (15%)
Healthcare (13%)
Industrials (11.2%)
Other financials (9%)
Consumer discretionary (8.2%)
Communication services (6.5%)
Real estate (5%)
Consumer staples (3.9%)
Energy (3.7%)
Information Technology (2.7%)
Cash (1.5%)
While banks and resources may have a large allocation (around 35% between them), it’s lower than how the S&P/ASX 300 Index (ASX: XKO) is positioned. In the Vanguard Australian Shares Index ETF (ASX: VAS) portfolio, which tracks the ASX 300, banks and resources make up more than 50% of the portfolio.
AFIC share price snapshot
The AFIC share price has dropped around 3% since the start of 2024, as shown on the chart below.
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Pro-Palestinian students gather on the campus of Wayne State University to protest Vice President Kamala Harris and the Biden administration's support for Israel during her visit to Detroit.
Adam J. Dewey/Anadolu via Getty Images
13 protesters were arrested after barricading themselves in the office of Stanford's president.
Participating pro-Palestinian students are suspended, and seniors won't graduate, Stanford said.
A public safety officer was injured by protesters, according to the university.
Thirteen pro-Palestine protesters were arrested at Stanford University Wednesday after they barricaded themselves inside the school president's office building.
Protesters occupied Building 10 — where the offices of Stanford's president and provost are located — to demand the university divest from companies supporting Israel's war in Gaza, according to The New York Times.
Stanford President Richard Saller and Provost Jenny Martinez said in a statement that a public safety officer was injured by protesters. Damage was done inside the building, and graffiti outside conveyed "vile and hateful sentiments."
The statement said that arrested students will be immediately suspended, and seniors will not be allowed to graduate.
The Stanford Daily reported that one of its journalists covering the protest was among those arrested.
Saller and Martinez also said Wednesday that an encampment at Stanford protesting Israel's war had been removed.
"The situation on campus has now crossed the line from peaceful protest to actions that threaten the safety of our community," they wrote. While the university values "peaceful and reasoned debate," it condemns "any actions like those that were taken today."
Roughly 3,000 protesters have been arrested on US college campuses, according to the Times. The 13 arrests at Stanford are dwarfed by the upwards of 200 arrests that previously occurred at Columbia University and UCLA.
I tried Red Lobster's endless shrimp promotion and thought it was an excellent deal — but could see why it proved disastrous for the chain.
Erin McDowell/Business Insider
I tried Red Lobster's infamous endless shrimp promotion and thought it was a good value for $30.
I could also see why it proved disastrous for the chain when offered every day.
The coconut shrimp was a standout star, but I also enjoyed the shrimp skewers.
A few weeks after Red Lobster filed for bankruptcy, I visited the chain's Times Square location to try its now-infamous Endless Shrimp promotion for the first time.
This wasn't my first time eating at a Red Lobster. When I've gone in the past, it's been on the weekend. Now, here I was — on an otherwise dull Monday night — prepared to eat my weight in bottomless shrimp at a Times Square chain restaurant.
Red Lobster's Endless Shrimp has quite the reputation.
The promotion was originally launched as a $20 once-a-week deal. Customers were pleased with the deal, so in the summer of 2023, Endless Shrimp became available every day of the week.
However, inflation and the rising cost of seafood meant Red Lobster would raise the price of Endless Shrimp twice, eventually landing at a base price of $25 to cope with demand and improve profits. At the location I visited in New York City, it was priced at $30.
Despite the increased price to offset expenses, the all-you-can-eat strategy backfired. In the two quarters following the initial launch of the daily endless shrimp promotion, Red Lobster reported operating losses of $11 million and $12.5 million.
Discussing the company's low profits in an earnings call in November, Ludovic Garnier, the global chief financial officer of the chain's owner, Thai Union Group, told investors the overwhelming response to endless shrimp had led to the losses.
"For those who have been in the US recently, $20 was very cheap," Garnier said. "We don't earn a lot of money at $20."
Garnier added the deal "did not deliver what we were expecting" and was "one of the key reasons for the losses we generated in Q3 2023."
Once a daily promotion, Endless Shrimp is now only available on Mondays, which is when I found myself at the revolving doors of Red Lobster's Times Square location on a hot summer night.
I arrived at Red Lobster's Times Square location fully prepared to order as much endless shrimp as possible.
The exterior of Red Lobster in Times Square.
Erin McDowell/Business Insider
However, I wasn't only there for the shrimp. I was also curious to see how the chain's flagship New York City location was faring amid the recent news that Red Lobster has filed for bankruptcy.
Nearly a month after reports first emerged that the chain would file for bankruptcy, the chain released a statement announcing it had voluntarily filed for Chapter 11 bankruptcy on May 19.
The statement said Red Lobster's 550 remaining restaurants, including the Times Square restaurant I visited, would "remain open and operating as usual during the Chapter 11 process" after dozens of restaurants closed their doors a week prior.
When I arrived with a friend at prime dinnertime, the dining room was heaving. We were able to snag a booth for two.
Inside the dining room at Red Lobster.
Erin McDowell/Business Insider
We were both surprised by how busy the restaurant was on a Monday night, especially given the recent news. However, people appeared to be taking advantage of the chain's feasts and deals all around us.
I spied at least two patrons eating what appeared to be platters of shrimp, and another family was splitting a large platter of lobster tails and other seafood dishes. Based on what I saw, the chain didn't appear to be having any trouble bringing Times Square tourists through its doors.
In addition to the chain's daily deals, it was also the first day of Crabfest.
Red Lobster menu.
Erin McDowell/Business Insider
Given the chain's botched endless snow-crab promotion in 2003 that tanked the company's stocks, I was admittedly a little surprised to see this on the menu. However, it's worth noting that the Crabfest deal isn't endless.
Instead, for $33.99, guests can order a full pound of crab legs prepared in a variety of flavors over crispy potatoes.
Make no mistake, though — I wasn't there for the crab.
The Endless Shrimp deal costs $30 and gives customers the choice of five different shrimp-filled dishes.
Red Lobster's daily deals.
Erin McDowell/Business Insider
To start, I was given the choice of three shrimp dishes and a side. I ordered the grilled shrimp, the Parrot Isle jumbo coconut shrimp, Walt's favorite shrimp, and a side of coleslaw.
I skipped the two pasta dishes — the garlic shrimp scampi and the shrimp linguini Alfredo — because I've had the latter pasta before, and found it to be very filling. This was a marathon, not a sprint.
My platter of shrimp arrived promptly, as did the side of coleslaw.
The first platter of endless shrimp at Red Lobster.
Erin McDowell/Business Insider
My dinner came out at the same time as my guest's, a Caesar salad topped with shrimp. I was impressed the restaurant was able to serve the three different kinds of shrimp in such a short amount of time.
I was also impressed by the portion size. The shrimp skewer, which came with rice, had six pieces of shrimp on it. Also on the plate were four pieces of coconut shrimp and five pieces of Walt's favorite shrimp.
Right away, I knew it would be a struggle to order even a second helping, let alone a third or a fourth.
I started by trying the coleslaw. I really liked it.
Red Lobster coleslaw.
Erin McDowell/Business Insider
I was immediately glad I picked coleslaw as my side, rather than a heartier option like mashed potatoes or mac and cheese. The coleslaw was fresh and tangy, and its dressing packed a lot of flavor while not overpowering the vegetables.
The coleslaw brought a light, citrus flavor that balanced my meal perfectly.
The shrimp skewer came with wild rice and a lemon wedge.
Red Lobster shrimp skewer.
Erin McDowell/Business Insider
The shrimp was grilled and had a buttery garlic glaze on it. I thought the shrimp were on the smaller side, but since there were six of them on the skewer I didn't mind.
The skewer felt like a somewhat healthier option compared to the decadent, intensely rich dishes I've had at Red Lobster before, like the shrimp linguini or the lobster dip.
The rice was also flavorful and well-seasoned — it was a nice addition to my plate.
The classic fried shrimp had a perfectly crispy outer shell.
Walt's favorite shrimp from Red Lobster.
Erin McDowell/Business Insider
According to the chain's menu, Walt's favorite shrimp — named after an early employee, Walt King, according to the chain — are hand-breaded, butterflied, and lightly fried shrimp. They came served with a small tub of cocktail sauce, which I thought had a tart, tomato flavor that complemented the shrimp.
I enjoyed these shrimp and thought the breading was the ideal thickness. However, compared to the grilled shrimp and the coconut shrimp, they could have used a touch more flavor.
They really just tasted like breading and plain shrimp.
My favorite of the three varieties I tried was the Paradise Isle jumbo coconut shrimp.
Paradise Isle jumbo coconut shrimp from Red Lobster.
Erin McDowell/Business Insider
The platter came with four pieces of coconut shrimp and a piña colada-flavored dipping sauce. Normally, an appetizer of this coconut shrimp costs $15.49, excluding tax, for six pieces of shrimp.
I thought that including it as part of the $30 endless shrimp deal was a great value.
The coconut shavings flaked off in my mouth with every bite, adding the perfect level of sweetness to my otherwise savory platter of shrimp. The creamy, pineapple-flavored sauce added tartness to the coconut shrimp, and I found the meat inside to be quite tender.
After finishing the contents of my first platter, it was time to order more.
My finished platter of shrimp.
Erin McDowell/Business Insider
I definitely would have been satisfied with just the first platter of shrimp. However, for the sake of journalism and trying to get the biggest bang for my buck, I decided to order more.
When our server came back to check in, I was given the choice of two shrimp dishes. I chose to get the shrimp skewer and the coconut shrimp again.
My second shrimp skewer didn't come with rice, but I didn't mind.
Red Lobster shrimp skewer.
Erin McDowell/Business Insider
Again, the shrimp was buttery and tender. I didn't struggle too much to finish this second helping.
However, by the time I got to the second plate of coconut shrimp, I was shrimped out.
Paradise Isle jumbo coconut shrimp from Red Lobster.
Erin McDowell/Business Insider
Despite the aroma of the coconut shrimp calling to me, I couldn't finish more than one of them. Overall, I was feeling full … but not borderline sick, like I was the last time I feasted on cheesy, rich dishes at Red Lobster.
The three plates of shrimp I consumed didn't stop me from ordering one of the chain's desserts.
Red Lobster Chocolate Wave cake.
Erin McDowell/Business Insider
The chain's Chocolate Wave cake was a multilayered chocolate explosion paired with whipped cream and vanilla ice cream drizzled with chocolate sauce.
The cake was a perfect palette cleanser for the copious amounts of shrimp I had eaten.
Red Lobster Chocolate Wave cake.
Erin McDowell/Business Insider
The cake was rich and very moist, and the chocolate frosting had a strong, dark flavor to it. I also liked the crunchy bits of chocolate shavings on the edge of the cake, which added a nice textural balance.
I'll definitely be back for the endless shrimp, as long as it's still available.
The author standing outside Red Lobster.
Erin McDowell/Business Insider
After trying Red Lobster's endless shrimp for the first time, I had a few takeaways.
One, it was an incredible deal, even at the higher price of $30.
Two, I understand why it was disastrous for the brand when offered every single day.
I only had three helpings of the bottomless shrimp. However, the bottomless nature of the deal — and the fact that the shrimp I ordered were small, tasty, and very easy to load up on — meant I could completely imagine people getting plate after plate, creating a financial predicament for the chain.
As a customer, I loved the endless shrimp promotion and completely understood why it's been so popular with Red Lobster fans, even as it's been demoted to only one day a week.
However, as a food reporter, I now have a deeper understanding of how the deal could be so disastrous for the company's bottom line, no matter how delicious it was.
The Fed should start cutting interest rates in July, but likely won't, Mohamed El-Erian said.
"We've had nothing but negative surprises," he told Fox Business.
These include disappointing retail sales and manufacturing prints, signaling a cooling economy.
While markets dissect economic data points to determine whether interest-rate cuts will come this fall, Mohamed El-Erian says there's enough to support cuts in July.
In an interview with Fox Business on Tuesday, the prominent economist cited a slew of cooling indicators that would support a Federal Reserve policy easing next month.
"We've had nothing but negative surprises," he said. "All that is saying to us is that the economy is slowing much faster than most people expected, including the Fed."
To back the point, El-Erian referenced disappointment in recent retail sales, as well as production data. Just this week, lower-than-expected results on the ISM Manufacturing index caused stock markets to stumble, followed on Tuesday by an underwhelming job vacancies report.
He also listed Wednesday's service sector data as a crucial metric to watch. The ISM Service index ended up beating estimates, rising to 53.8 in May.
Though his comments preceded the results that have since come out, he noted that the sector is a big driver of inflation, as well as growth.
Few, including El-Erian, actually expect the Fed to cut in July, even if it's called for.
Futures markets are currently indicating that a policy pivot is most likely to start in September instead, and odds of a summer rate cut stand at only 18.5%.
In his view, the Fed will keep waiting as it's too reliant on data that reflective more of the past. For instance, that's as Fed Chairman Jerome Powell prefers to focus on three-month moving averages, as opposed to month-to-month changes.
"Monetary policy acts with a lag," El-Erian said. "You are really targeting the economy of tomorrow; but if you do that based on yesterday's data, you're likely to get it wrong."
El-Erian has also been an ongoing proponent of shifting the Fed's inflation target up to 3%, as opposed to the 2% rate the central bank is devoted to achieving. He's previously warned that the Fed risks damaging the economy by keeping rates elevated for too long.
The economist would prefer that the Fed cut three times this year, but realistically expects no more than one or two cuts.
Jo Merrett told BI she was sad to not be in a position to look after her future grandchildren.
Courtesy of Jo Merrett
Jo Merrett looked forward to babysitting her grandchildren once her adult kids started families.
But the single mom, 51, said she can't retire until at least 70, so she won't be able to do so.
Merrett told Business Insider she never invested in a pension and must work to pay off her mortgage.
This as-told-to essay is based on a conversation with Jo Merrett. It has been edited for length and clarity.
My son and daughter, now 21 and 18, were always very close to my parents when they grew up.
Mom and Dad were always around, playing with the children and helping out with babysitting. It was lovely to see their bond.
Dad is no longer alive, but Mom is still a hands-on grandmother. She often steps in to watch my niece and nephew, aged 16 and 13.
I'd love to be the same involved grandma once my kids start their own families. But, due to my financial situation — I have no savings or pension and a 20-year mortgage to pay off — I need to work into my 70s.
I won't be around to look after my grandkids when they are young and need me the most. They'll miss out, and so will I. Their parents will have to manage on their own — and shoulder the increasing expense of childcare.
I was happy being the primary caregiver to my kids
I married in 1999 while working as a journalist in my native UK. Then, after the birth of our daughter in June 2003, I became a stay-at-home mom.
We were fortunate because my former husband earned six figures. I supplemented our income with a little part-time work in PR.
I was happy to take the role of primary carer for our kids. But since my ex started work at 1:30 a.m. and caught up with his sleep during the day, it felt a bit like being a single mom.
Therefore, I was always super grateful when my parents babysat. It brought us closer as a family and saved a lot of money.
Then in 2018, when I was 45, my ex and I separated. It was a difficult period, both emotionally and financially. I hadn't had a regular job for 15 years or paid into a pension.
People, especially women, talk about having a "fuck off" fund — independent savings so you can survive for a while if your financial circumstances suddenly change. It's useful if something happens like a divorce or you quit or lose your job.
Merrett said her daughter has learned from her experience.
Courtesy of Jo Merrett
I thought our family's future was solid, so I had no savings. Many of my friends who've gone through a divorce at the same age as me are in the same boat.
I received some benefits from the government — especially during the pandemic — but they weren't enough to rely on. Between 2018 and 2021, I had various low-paying jobs like teaching French to pre-schoolers, working at a nursery school, and stacking shelves in a supermarket for below minimum wage.
I've counted my job applications, and there were about 1,600. Although I had a college degree, I think many employers were put off by my extended career break.
Then, in December 2021, I finally got a full-time job in hospitality. I now work as head of philanthropy at a cancer charity. As a sideline, I work as a public speaking coach. I talk frankly about the ups and downs of my life, including my finances.
I will have to work until my 70s rather than babysit my grandkids
But my ex's child maintenance payments stopped when my kids turned 18. My divorce was finalized last year, but it hasn't been easy. We moved into a smaller house earlier this year after I took out a 20-year mortgage with my daughter.
Unless I win the lottery, I've realized I'll be tied to a job until I'm 71, at the very least. If I have grandchildren within the next five to 10 years, I'll be a working granny and too busy to babysit. The realization that I wouldn't be doing what many grandparents do — and what my mom still does for my sister — was a punch to the gut.
Otherwise, I have a positive mindset. I can't change the past. One of the good things to come out of this is my daughter saying I've taught her wisdom and grace. You don't know what's around the corner. She said she would never be without her own income to secure her financial future.
Do you have an interesting story about childcare provision and finances that you'd like to share with Business Insider? Please send details to jridley@businessinsider.com.
Almost everyone reading this article will have a superannuation account, and probably with a fair bit of cash in it, too. Since the introduction of the superannuation guarantee in 1992, it has been mandatory that almost all Australian workers quarantine a small portion of their pay packets within a superannuation fund.
This ‘small portion’ has actually grown into a sizeable one over time. Upon the super system’s debut in the 1990s, it was initially set to 3%. But as it stands today, the superannuation guarantee sits at 11% and will rise to 11.5% come 1 July next month.
What is superannuation?
Our superannuation scheme represents a societal grand bargain of sorts. Individual Australians would part with full control over this portion of ‘their’ paycheques in exchange for lucrative tax perks within the super system and the promise of a more comfortable retirement that is less reliant on the Federal Government’s Age Pension.
However, this superannuation bargain has been tested in recent years. There was the pandemic-era decision to allow Australians to withdraw up to $20,000 of their super during the pandemic. That was a decision many found questionable at the time.
There has also been significant debate revolving around the idea that first-home buyers should be able to access their super funds to help purchase their first home.
With the COVID pandemic now in the rearview mirror, most Australians might assume that the super system has gone back to its roots, and is only there to provide a pathway for a comfortable retirement. However, this might not be the case.
Retirement fund or dental account?
Most of the time, superannuation is not allowed to be withdrawn for everyday use. However, there are provisions in place that permit early withdrawals on compassionate grounds. Those might include expected medical expenses or economic or domestic hardship.
According to the report, the Australian Taxation Office (ATO) estimates that the 2020 financial year saw $381 million in unauthorised superannuation funds withdrawn from self-managed super funds (SMSFs). Over FY2021, it was $256 million.
Some of the reasons the ATO gave for these withdrawals were a lack of knowledge about the system, financial stress and personal issues. That’s on top of a ‘It’s my money and I will do what I like with it’ attitude.
Between FY2019 and FY2023, the applications for early super withdrawals reportedly increased 40%. Applications for early withdrawal for factors like mortgage stress, disability and palliative care did fall over the period. But they were more than offset by a rise in those seeking early super access for medical expenses. These included everything from dental work to weight loss procedures.
We’re not here to judge individual financial circumstances. However, there are a few reasons why withdrawing from your super should be a move of absolute last report for anyone considering it.
3 reasons why you should leave your super alone
Less super means a poorer retirement
Firstly and most importantly, you’ll hobble your chances of a comfortable retirement. Superannuation has been designed as our primary route to a comfortable retirement. The Age Pension is supposed to serve only as a safety net. If you reach retirement age with little to no super, you’ll have to rely on the incontrovertibly modest Age Pension for the rest of your life.
You’ll lose any autonomy you might have had over your retirement had you not withdrawn any funds. Not to mention being entirely reliant on what the Government decides to pay you. You’ll also be hoping against hope every Budget that the Government can continue to afford to pay your Pension.
Giving up compound interest
Another reason super should be thought of as a last resort is the compounding nature of this investment. When your money goes into your super fund, it is typically invested in assets like ASX shares. These investments compound over time, ensuring that early contributions end up providing the bulk of your wealth once you reach retirement age.
Let’s say a 25-year-old withdrew $10,000 during the pandemic. This could end up costing them more than $180,000 in super balance by the time they reach the retirement age of 67. That’s assuming a modest 7% per annum return. This loss could stretch to nearly $400,000 if they went the whole hog and took out $20,000.
It doesn’t matter the reason for the withdrawal. Any money you take out of super will cost you dearly down the track.
Raiding your superannuation increases the burden on all Australians
The third reason is a selfless one, but worthy of discussion nonetheless. The provision of the Age Pension is a costly program, one of the single costliest items in the Budget.
Now most Australians don’t mind paying their taxes to ensure that all Australians can have a dignified retirement. But the whole point of super is to relieve taxpayers of at least some of the burden of paying for others’ retirements.
If you raid your super early, you will increase the financial burden on all other taxpayers if you then have to claim the Pension because your super balance isn’t enough to cover your own bills. Something to keep in mind if you ever find yourself thinking about dipping into your superannuation savings.
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The best smartwatch offers a seamless extension of your phone with features that suit your needs.
Rick Stella/Business Insider
Smartwatches are extensions of your phone for checking notifications, making calls, and sending texts, not to mention telling the time. Ideally, the best smartwatches are also powerful tools for tracking fitness and activities and monitoring health markers. The most important things to consider when choosing a new smartwatch are the features you'll use most and your phone's operating system.
Our top pick among the best smartwatches is the Apple Watch Series 9. Though it's only compatible with iOS, it's a class-leading smartwatch that offers a wide range of health and fitness tracking tools. For Android users, we recommend the Samsung Galaxy Watch 5 Pro. It has a durable titanium design, it's an excellent smartwatch that includes a comprehensive set of health and fitness tracking features, and it has multi-day battery life.
The Nothing CMF Watch Pro is a solid budget option. No smartwatch is perfect for a sub-$75 price, but the CMF Watch Pro offers the basics with a couple of premium features, like an always-on display. It's also compatible with both iOS and Android phones.
Best with bezel: Samsung Galaxy Watch 6 Classic – See at Amazon
Best overall
The Apple Watch Series 9 remains atop the smartwatch pack thanks to its excellent blend of health and fitness tools, smartwatch functionality, and overall effectiveness. For iOS users, there's no better wearable to buy. It's so good that it's a solid reason to stick, or even transfer, to the Apple ecosystem with an iPhone.
When the Series 9 was released in September 2023, it didn't represent a massive generational leap over the prior year's release, the Apple Watch Series 8. However, it did introduce some new features that improved its accessibility, and it also debuted a fast new processor.
The new additions include faster on-device Siri access, updated Smart Stack functionality, a brighter display, and, perhaps the most notable new feature, the Double Tap Gesture. The double tap gesture allows users to tap their index finger and thumb together twice to interact with the primary button of any app. For instance, it can answer or hang up a phone call, start or stop a timer, and snooze an alarm.
The Apple Watch Series 9 offers the perfect blend of smartwatch features and health and fitness tracking capability, and may even sway some people to buy an iPhone in order to use it.
Rick Stella/Business Insider
While this new gesture is great for interacting with the Apple Watch when you have your hands full, it's a huge advancement in its accessibility. Now, users who may be unable to use the touchscreen easily can still use the watch's apps. The gesture feature and the Series 9's on-device Siri access completely change how the watch can be used.
Beyond those updates, the Series 9 is still a powerful health and fitness tracker, offering several tools like sleep tracking and stress management. Its Mindfulness app also provides new mental health tools that allow users to log how they feel at certain times throughout the day. However, Apple dropped its blood-oxygen monitoring feature on all Apple Watches, including the Series 9, due to a patent dispute.
The Apple Watch has long been a quality wearable, and the Series 9 continues that trend, offering something for every type of user. It delivers a premium smartwatch experience, has powerful health and fitness tracking tools, and is not only the best Apple Watch you can buy but the best smartwatch overall.
For around $65, the Nothing CMF Watch Pro perfectly fits the bill for a budget smartwatch, and it works both for Android and iPhone, too. It's far from perfect, but it does have some features we're surprised to find on such a budget watch.
The CMF Watch Pro focuses on the core basics of a smartwatch, including telling the time and showing your notifications. You have to dig into the CMF app's settings to pick the apps you want notifications for or select to receive all of them. You can even take a call on it thanks to its built-in microphone, which is a pleasant surprise for a watch in this price range, at least one with a recognizable brand name behind it.
It also covers the basic health and fitness tracking features that most smartwatches have, like a step counter, heart rate sensor, and sleep tracking. Also surprisingly, the CMF Watch Pro supports blood-oxygen monitoring — a feature deactivated on Apple Watches thanks to a patent dispute. It also has IP68 water resistance, which means it won't get damaged with water contact, but Nothing doesn't suggest you wear it swimming.
The Nothing CMF Watch Pro is incredibly affordable and works on both iPhone and Android.
CMF by Nothing
The CMF Watch Pro's touted 13-day battery life is also worthy of note, and I can confirm that it has multi-day battery life. We expect most people would get less than 13 days with their typical usage, but that potential range is a great plus for the CMF Watch Pro. The CMF Watch Pro also supports an always-on display, a feature Apple's Watch SE can't tout at its $249 starting price.
For $65, the CMF Watch Pro lacks certain features you'd expect on more expensive smartwatches. It doesn't run third-party apps, for example. This absence may mean different things to people who need third-party apps, but for most people, it means you can't run your music streaming app and store music on the CMF Watch Pro for phone-less workouts.
Watch faces are also somewhat limited, as you can't customize what widgets feature on a watch face. You can't interact with the widgets, either — tapping on them does nothing, let alone bring up the relevant app. We also found that the weather widget sometimes read "no data" and required us to open the CMF app for the watch to receive weather data. However, we still received notifications.
While you can get notifications about text messages, the CMF Watch Pro doesn't support writing and sending texts from the watch itself, nor does it support RCS messages from Android phones, which is the modern standard that Android phones use for text messages with photos and videos.
There were reports that Bluetooth connectivity between the CMF Watch Pro and your phone could be patchy, leading to missed notifications unless the CMF app was recently opened. However, it seems the latest updates addressed this, as I did not encounter issues with connectivity.
So, the CMF Watch Pro isn't perfect, but it's also around $65. Considering that most good smartwatches cost over $200, downsides to the CMF Pro are fully expected, and these specific downsides are certainly acceptable for the price.
Best for Android
The Samsung Galaxy Watch 5 Pro is a generation older than the current Galaxy Watch 6 series but has some notable advantages. Namely, it houses a larger battery that allows it to go several days before a charge. It also has a premium, durable, lightweight titanium design that caters to the active user.
It's also a powerful smartwatch. Call, text, email, and app alerts are easy to interact with on the large, bright watch face, and it uses the latest iteration of Wear OS, which is fluid and intuitive to navigate. It allows for deep customization, too, including several different watch faces that can display certain relevant information. I found this one of its best features, as I could tailor what data or fitness stats it always showed on the home screen.
The Galaxy Watch 5 Pro remains the top Android smartwatch overall.
Rick Stella/Business Insider
Health-focused users will also appreciate its variety of wellness features, including in-depth sleep tracking and a unique body composition scanner that can inform you of your body fat percentage, water weight, and BMI. These readings aren't as accurate as those you may get at the doctor's, but they're still a handy tool.
For the fitness crowd, the Watch 5 Pro is stellar. Not only is there a wide range of trackable workouts, like cycling, running, and weight lifting, but there are plenty of activities that aren't specifically fitness-centric but still work out your body, like skiing and hiking. There's also a handy Track Back feature that functions like a breadcrumb feature to track your exact hiking routes; it only works for hiking and cycling, but hopefully, future updates make it available for things like trail running, too.
The Watch 5 Pro isn't without its drawbacks. Some features, like the ECG function that tracks heart rhythms and blood pressure monitor, are exclusive to Samsung phones via the Samsung Health Monitor app, and they're not available on other Android phones. It's not a major red flag, but it is something to keep in mind if you don't own a Samsung phone.
Even with those issues, the Samsung Galaxy Watch 5 Pro is the best Android smartwatch you can buy. It's a quality health and fitness tracker and an exceptional smartwatch. For Android users, especially those who own Samsung phones, it doesn't get better than this.
Google's second iteration of the Pixel Watch, the Pixel Watch 2, addresses our main complaints from the previous model, and it easily deserves its spot as the best option for Pixel phone users.
The Pixel Watch 2 continues to offer the stellar core smartwatch experience from the original Pixel Watch with the intuitive Wear OS 4 operating system, compatibility with several third-party apps, and excellent notifications and interactions with calls, texts, and emails. As an extension of your phone, it shines.
The Google Pixel Watch 2 introduces major improvements and upgrades over the original.
Rick Stella/Business Insider
For fitness tracking, namely GPS accuracy, the Pixel Watch 2 brings major improvements, and it's actually up to par with top competing smartwatches. It includes features like sleep tracking, all-day heart rate monitoring, stress monitoring, and ECG readings. The Pixel Watch 2 also comes with a new skin temperature sensor and a new heart rate sensor, contributing to unique insights into sleep quality.
We should note that some features like advanced sleep data, advanced stress management tools, and Fitbit's unique Daily Readiness feature are locked behind Fitbit's $10/month Premium subscription service. You get a free six-month trial of the service when you buy the Pixel Watch 2, which lets you decide whether it's worth keeping.
The Pixel Watch 2 also shows notable improvements in battery life over the original. It gets us through a full day with activity and workout tracking while leaving enough battery for sleep tracking.
There aren't many things the Garmin Epix Pro Gen 2 can't do. From its endless number of trackable activities and weeklong battery to its accurate GPS tracking, no-frills but useful notification system, and a suite of health-tracking features, it's more than just a quality fitness tracker; it's the best fitness tracker. Period.
But since we're talking about smartwatches, it's worth pointing out it excels at that, too. Its call, text, and app notifications are on the basic end of the smartwatch spectrum, but they're still easy to interact with, and the watch still serves as a reliable extension of your smartphone. It may not have all the bells and whistles of something like the Series 9 or Watch 5 Pro, but it gets the job done.
Plus, its number of extras makes it an especially great pick for fitness-focused folks or anyone who enjoys spending time outside. It offers in-depth activity tracking for things like running, cycling, weight training, and snowboarding and does more than just track heart rate and time. It can log actual workout reps and track actual ground you cover via GPS while providing a detailed route map.
Garmin's Epix Pro Gen 2 is the top fitness tracking watch thanks to a wide variety of trackable activities, battery life that lasts up to a week, and one of the most accurate GPS we've tested.
Rick Stella/Business Insider
It's also a comprehensive health tracker with in-depth sleep and stress monitoring and a handy recovery tool that adjusts how much rest it recommends you need based on your daily activity.
I found the recovery feature quite useful, especially when I wanted to push myself but decided to take it easy based on the watch's recommendation, knowing I wouldn't be at my best. This input ultimately changed how I worked out each week, and I started to feel far better on a week-to-week basis in terms of soreness and my overall recovery timeline.
This feature only scratches the surface of what the Epix Pro Gen 2 can do, too, as the watch literally learns your day-to-day behavior and adapts to suit you best with workout recommendations, managing stress levels, when to go to bed and wake up, and how often you should have a rigorous workout.
The fact that it does all this while also being a reliable smartwatch makes it one of the premier wearables you can buy.
Best premium Apple Watch
The Apple Watch Ultra 2 offers a similar smartwatch experience to the Series 9 at a steeper price tag that reflects its exclusive high-end features. While it may not be the preferred choice for casual users, it's worth the extra investment for advanced athletes or those who spend time outdoors.
It's Apple's best high-end wearable, mainly due to the features and internal hardware tailored to tracking activities like cycling, diving, and climbing. These features include a brighter screen that can be more easily seen in high-lighting conditions, tracking compatibility for freediving, scuba diving, and wakeboarding, and improved altitude readings.
The Ultra 2 also features a bulkier, more durable design than the Series 9 and a battery that lasts upwards of two full days instead of needing to be recharged daily. The increased battery life is a huge improvement compared to the Series 9 (and other smartwatches in this guide) since less time on the charger means more time using it for how it's intended.
The Apple Watch Ultra is as premium as Apple Watches get. It features a larger, durable design, multi-day battery life, and unique features geared toward advanced athletes.
Rick Stella/Business Insider
However, my favorite feature of the Ultra 2 is its Action Button, which can be programmed to open several different apps, including the fitness-tracking app, the stopwatch, or the shortcuts app. The Action Button is especially helpful for activities because, instead of starting after a short three-second countdown, like on the Series 9, it allows you to press the button once you're situated and ready to go, which also helps to sync GPS.
Other notable features include the new double-tap gesture, which debuted on the Series 9, and faster on-device Siri access. It also has the new S9 processor chip and the updated ultra-wideband chip that improves its location accuracy.
Although the Ultra 2 offers many features geared toward the advanced athlete, it's still a quality wearable for the casual user. It has the same health and fitness tracking tools as the Series 9 while offering similar smartwatch functionality.
For a smartwatch that excels as a reliable sleep tracker, Fitbit's Sense 2 is at the front of the pack. Not only does it track your sleep each night and provide in-depth data, but it also offers unique recommendations on improving your rest via several metrics. Plenty of wearables try to provide this level of insight, but the Sense 2 does it best.
What sets the Sense 2 apart is how comprehensive the data it provides is. For example, after a night of sleep, the Fitbit app displays metrics showing how well I rested. These include time spent in REM, deep, and light sleep, as well as other factors like time spent awake, how restless I might have been, and what my heart rate was.
The Fitbit app can then recommend ways to improve my sleep to better my nightly score. These recommendations may include certain workouts, when to work out, or how to keep a consistent sleep schedule. Once I got the hang of using the recommendations, they made a noticeable difference.
The Fitbit Sense 2 is Fitbit's best wearable overall as it offers premium smartwatch capability and a suite of health and fitness tracking tools.
Rick Stella/Business Insider
It's worth noting that to make the most of the Sense 2's sleep tracking abilities, you'll need Fitbit Premium, the subscription part of the Fitbit app. Memberships run for $10/month or $80/year and are worth the expenditure for those intent on using the extra data.
Fitbit Premium also provides a unique Daily Readiness Score that analyzes your prior day's activity and rest and creates a numbered score to represent how hard to push yourself. There are also in-depth health insights, like heart rate variability, available to subscribers.
Aside from its capability as a sleep tracker, the Sense 2 is also an excellent fitness tracker. It tracks various activities like running, cycling, and strength training. Also, it uses a skin temperature sensor, has heart rhythm (ECG) readings, and debuted Fitbit's real-time stress tracker. The stress tracker is especially useful for its feedback on how to lower stress throughout the day.
While the Fitbit Sense 2 is one of the best smartwatches, the actual smartwatch experience leaves a little to be desired. Yes, it gets notifications like calls, texts, and app updates, but the fact that Fitbit removed third-party app support and Google Assistant access is disappointing. There's also no way to store or play music via the watch.
However, I wouldn't view these as deal-breakers for the Sense 2, especially if you're looking for a smartwatch with premium sleep tracking. It's one of the best Fitbits you can buy, and while it isn't an exceptional smartwatch, it gets the job done when needed while offering a suite of advanced health and wellness features.
One of the best additions Samsung introduced on the Watch 6 Classic was to reintroduce the rotating bezel last seen in the Watch 4 (an ideal budget option for Android users looking for something a little more premium than the CMF Watch Pro). With the rotating bezel, navigating the watch's interface and menus is fluid and easy, especially during workouts or when wearing gloves. The touchscreen isn't necessarily hard to navigate, but sometimes it took a little longer to respond to a screen swipe than it would if I just simply spun the dial.
The watch's improved battery life is also a welcome update. Aside from the Watch 5 Pro, most Galaxy Watches need to find their way to a charger at least once daily to recharge, which isn't a dealbreaker, as even our top pick, the Apple Watch Series 9, requires the same daily charging.
Samsung's latest Galaxy Watch, the Watch 6 Classic, sees the return of a rotating bezel that some may find easier to use than the touchscreen native to the Watch 5 Pro and Watch 6.
Rick Stella/Business Insider
However, having a watch with a battery that lasts more than one day ensures you can squeeze all the functionality out of it. You can use it as a smartwatch and fitness tracker during the day and as a sleep tracker at night. The Watch 6 Classic's longer battery allowed me to do that during my time with it.
Not all Watch 6 users will make use of every bell and whistle, but even casual wearers will find plenty to utilize. Aside from the available activities and sleep tracking, there's a stress tracker, a heart rhythm reader (ECG), a body composition analyzer, a temperature sensor, and a cycle tracker.
The highlight of these is the body composition analyzer, which I used to chart my body fat percentage and muscle mass, and the stress tracker, which tracked my specific stress levels at different times throughout the day and suggested ways to lower them.
I also just really enjoyed wearing the Watch 6 Classic. Its comfortable, lightweight design felt equally good to wear while working out and sleeping as it did while sitting at my desk.
The watch looks good on the wrist, too, featuring a classic round watch face design that looks and feels premium. I could see it being slightly too big for folks with smaller wrists, though it was the perfect size on my arm (and I like larger watch faces). But do keep this in mind if you don't like big watch faces.
My lone nitpick with the Watch 6 Classic is that it's not all that different from the previous generation of Watch 5. It runs the latest Wear OS, which can also be downloaded on the Watch 5. What this means, though, is that upgrading to the Watch 6 Classic is best done by those wearing the Watch 4 or older — and Watch 5 users can take a beat and wait for the release of next year's Watch 7 or later.
You should consider several key factors to pick the right smartwatch for your needs.
Rick Stella/Business Insider
It's important to know how you intend to use a smartwatch before you start shopping for one. Maybe you want a wearable with a smaller watch face or prefer a certain strap material. You may even want one that offers robust health and fitness tracking capabilities.
Here's what to consider before purchasing:
Use case: While all smartwatches offer similar functionality of telling time and displaying various call, text, email, and app notifications, some are better suited to certain uses than others. For example, the Fitbit Sense 2 excels as a sleep tracker in addition to being a reliable smartwatch. If you don't need sleep tracking, the Sense 2 may not be a good fit.
While most smartwatches track activities, they're not all full-fledged fitness trackers. Dedicated fitness trackers provide a variety of trackable activities and often provide in-depth progress-tracking data, monitor rest and recovery, and create workout recommendations. For information on these, check out our guide on the best fitness trackers.
Sizing: Smartwatches come in a variety of sizing options, both in terms of the actual watch face and the watch strap it comes with. While some folks may benefit from a larger watch face and prefer the amount of data they can see on it, others may find big watches too cumbersome and prefer something smaller and sleeker.
Compatibility: While iPhone users shouldn't buy an Android smartwatch, and vice versa, there are other compatibilities to keep in mind when shopping. For instance, some wearables, like Samsung's Watch 5 Pro and Watch 6 Classic, function better on a Samsung-branded phone than on other Android devices like Google's Pixel phones. Some features aren't available, and the overall experience is slightly different.
Battery life: Battery life is one of the most important considerations when shopping for a smartwatch and directly impacts how you use it. For instance, the Apple Watch Series 9, our pick for the best smartwatch overall, requires daily charging. This pattern is fine for folks who can put it on the charger each night but may not suffice for those who travel frequently or who may not have access to a portable charger.
How we test smartwatches
We test smartwatches in daily use and across standard criteria.
Rick Stella/Insider
Each smartwatch included in this guide went through various tests to determine how well it performed across these four categories: Features, fit & comfort, ease of use, and value.
Here's how each category specifically factored into the decision process:
Features: This is one of the most important considerations for any smartwatch and separates something like the Apple Watch Series 8 from something that didn't make our guide, like the Fitbit Versa 4. A wearable with features like third-party app support, the ability to play or store music, and others like sleep tracking or an always-on display truly fits the bill of being a quality smartwatch.
Fit & comfort: If a smartwatch is uncomfortable, you'll be far less likely to want to wear it very often. And since a smartwatch is supposed to be a suitable extension of your phone, track your daily activity, and monitor your sleep, you need to wear it a lot. We took into consideration how the watch band feels, how lightweight it is while wearing at night, and whether it stays comfortable while commuting, working out, etc.
Ease of use: Learning curve is another important factor since knowing how to get the most out of your smartwatch without fumbling through menus is vital to the experience. There will be a learning period with any new smartwatch, but the ones that are intuitive and easy to navigate from the jump are the ones that stick out. The Apple Watch Series 9 is one of the easiest watches to navigate, which is part of why it's our top overall pick.
Value: Value can often be subjective and is influenced entirely by how a user utilizes a certain smartwatch. For instance, not everyone needs the Apple Watch Ultra 2. Athletes or those who spend a lot of time outside who also need a powerful smartwatch will get a lot of value out of it, while someone who is just casually active may not need all the bells and whistles. But value is still an important aspect we considered because smartwatches aren't cheap and you want to ensure that your investment is a wise one.
FAQs
What is the best smartwatch?
The best smartwatch largely hinges on two things: how you intend to use the smartwatch and, perhaps most importantly, which smartphone you have. For instance, the best Apple Watches only work on iOS devices, while the best Android smartwatches only work on Android devices.
So, while we think the Apple Watch Series 9 is the best overall smartwatch, regardless of smartphone operating system, it's still only usable by one group of users: those with an iOS device.
Consider how you intend to use the smartwatch, too. If you want something that accurately tracks activities and has several health-tracking tools, a pure smartwatch likely isn't going to be the "best" for you. Similarly, if you want the best pure smartwatch experience, a dedicated fitness tracker won't be the best fit.
Do all smartwatches work on any smartphone?
No. Some smartwatches work exclusively on a certain operating system. For instance, the Apple Watch Series 9 and Apple Watch Ultra 2 only work on iOS devices, while wearables such as the Samsung Galaxy Watch 5 Pro and Google Pixel Watch 2 only work on Android devices.
However, many wearables work on iOS and Android, including the Garmin Epix, the Fitbit Sense 2, and the Fitbit Versa 3. Always cross-reference which operating system a certain smartwatch requires with your smartphone's operating system before purchasing.
Can you use an Apple Watch with an Android smartphone?
No, the Apple Watch is only compatible with devices running iOS. While you can still wear an Apple Watch if you own an Android phone, you won't be able to get anywhere near the full functionality out of it, like accessing any tracked data or downloading apps.
Unlike smartwatches from Garmin and Fitbit, which work with iOS and Android devices, the Apple Watch only works with iOS devices.
Can you use an Android smartwatch with an iPhone?
No, Android smartwatches, such as the Samsung Galaxy Watch 6 Classic, Watch 5 Pro, and Google's Pixel Watches, are only compatible with devices running the Android operating system. Those with iOS devices should avoid purchasing these watches to ensure their smartwatch's full functionality.
Best overall: Apple Watch Series 9
Rick Stella/Business Insider
The Apple Watch Series 9 remains atop the smartwatch pack thanks to its excellent blend of health and fitness tools, smartwatch functionality, and overall effectiveness. For iOS users, there's no better wearable to buy and it's so good that it may even sway those who don't have an iOS device to get one.
When the Series 9 was released in September of 2023, it didn't represent a massive generational leap over the prior year's release, the Apple Watch Series 8. However, it did introduce a few new features that improved its accessibility and it also debuted a fast new processor chip.
The new additions include faster on-device Siri access, updated Smart Stack functionality, a brighter display, and, perhaps the most notable new feature, the Double Tap Gesture. The Double Tap Gesture allows users to tap their index finger and thumb together twice to interact with the primary button of any app. For instance, it can answer or hang up a phone call, start or stop a timer, and snooze an alarm.
While this new gesture is great for when you have your hands full yet still need to interact with your Apple Watch, it's a huge advancement in its accessibility. Now, users who may not be able to easily use the touchscreen can still make use of the watch's apps. This coupled with the Series 9's on-device Siri access completely changes how the watch can be used.
Beyond those updates, the Series 9 is still a powerful health and fitness tracker, offering several tools like blood oxygen sensing, sleep tracking, and stress management. There are also new mental health tools available within its Mindfulness app that allow users to log how they feel at certain times throughout the day.
The Apple Watch has long been a quality wearable and the Series 9 continues that trend, offering something for every type of user. It delivers a premium smartwatch experience, has powerful health and fitness tracking tools, and is not only the best Apple Watch you can buy but the best smartwatch, too.
Although the Versa 4 is Fitbit's latest model, the Versa 3 remains the better option of the two. For starters, its compatibility with third-party apps gives it a massive leg up over the Versa 4, and it's also a much more accurate tracker in terms of GPS tracking and syncing.
The third-party app support is probably the most important aspect of why the Versa 3 is a standout. Since Fitbit decided to end third-party app support on the Versa 4, the Versa 3 remains the last Fitbit smartwatch that offers that functionality.
This translates into a much better smartwatch experience because you don't have to solely rely on whatever apps come pre-installed. Having the option to customize what you use is one of the best features of any smartwatch.
The Versa 3 excels beyond the app support and fitness tracking, too. It also acts as a fluid extension of your smartphone, offering text, email, call, and app notifications that are easy to read, especially on the watch's big, bright watch face. Having such a large screen is also good for quickly viewing any workout stats or navigating through an app.
It also offers health-tracking features like menstrual cycle tracking, in-depth sleep monitoring, and an always-on heart rate monitor. Fitbit may be more well-known for its no-frills activity trackers but the Versa 3 is an excellent full-featured smartwatch (it's our pick as one of the best Fitbits, too).
The Samsung Galaxy Watch 5 Pro continued the Galaxy Watch line's reign as the best Android smartwatch you can buy, and it did so via a few key upgrades over the existing line.
First, it houses a larger battery that allows it to go several days before a recharge. It also has a ruggedly durable design that caters to the active user. And when paired with one of the best Samsung Galaxy Watch bands, you can easily tailor it to function however you prefer to wear it.
These new features represent an extremely similar innovation cycle to the Apple Watch Ultra 2. The Watch 5 Pro has all the hallmarks of its non-Pro kin, the Watch 5, albeit with a few add-ons that make it especially useful for fitness-focused folks and outdoor enthusiasts.
It's also a powerful smartwatch. Call, text, email, and app alerts are easy to interact with on the large, bright watch face and it uses the latest iteration of Wear OS which is fluid and intuitive to navigate. It allows for deep customization, too, including several different watch faces that can display certain relevant information. I found this to be one of its best features as I could tailor what data or fitness stats it always showed on the home screen.
Health-focused users will also appreciate its variety of wellness features, including in-depth sleep tracking, as well as a unique body composition scanner that can inform you of your body fat percentage, water weight, and BMI. This isn't as accurate as a reading you may get at the doctor but it's still a handy tool.
For the fitness crowd, the Watch 5 Pro is stellar. Not only is there a wide range of trackable workouts, like cycling, running, and weight lifting, but there are plenty of niche activities including skiing and hiking. There's also a handy track-back option that functions like a breadcrumb feature to track your exact hiking routes. However, this only works for hiking and cycling but hopefully, future updates make it available for things like trail running, too.
The Watch 5 Pro isn't without its drawbacks, though as the experience is a bit better when using a Samsung phone compared to something like the Google Pixel. It's not a major red flag but is something to keep in mind. Some features, like the ECG function which tracks heart rhythms, are only accessible via an app exclusive to Samsung phones.
Even with those issues, the Samsung Galaxy Watch 5 Pro is the best Android smartwatch you can buy. It's a quality health and fitness tracker and an exceptional smartwatch. For Android users, it doesn't get better than this.
Google's Pixel Watch is one of the most polarizing wearables I've tested. For as good of a smartwatch as it is, it's a frustratingly terrible fitness tracker, which is especially strange considering Google owns Fitbit.
But the main reason it gets the nod here, and why it's one of the best smartwatches for Android, is that it is a truly great smartwatch. Wear OS is intuitive to use, making the interface easy to navigate, plus it's compatible with several apps and extremely easy to interact with calls, texts, emails, and app notifications. As an effective extension of your smartphone, it shines.
However, those looking for a smartwatch that also does well in the fitness department should take heed: it's a very inaccurate watch in terms of GPS tracking and syncing. I had the most trouble when trying to get an accurate reading of my pace while running or cycling.
I found the watch to be off by as much as a minute and a half to two minutes on my normal mile time while running, which created a significant discrepancy. I always end up around the same spot during a 30-minute run, yet the Pixel Watch would tell me I ran far shorter than I typically do. That kind of info is useless to anyone training for a specific race or event.
Aside from those discrepancies, though, the Google Pixel Watch remains an excellent smartwatch. Not every smartwatch wearer needs something accurate down to .01 miles and instead wants a reliable smartwatch capable of displaying notifications and being the stand-in to their smartphone when they need it. That's exactly what you get with the Pixel Watch.
There aren't many things the Garmin Epix Pro can't do. From its endless number of trackable activities and week-long battery to its accurate GPS tracking, no-frills but useful notification system, and a suite of health-tracking features, it's more than just a quality fitness tracker, it's the best fitness tracker. Period.
But since we're talking about smartwatches, it's worth pointing out it excels at that, too. Its call, text, and app notifications are on the basic end of the smartwatch spectrum but they're still easy to interact with and the watch still serves as a reliable extension of your smartphone. It may not have all the bells and whistles of something like the Series 9 or Watch 5 Pro but it gets the job done.
Plus, the amount of extras that come with it makes it an especially great pick for fitness-focused folks or anyone who enjoys spending time outside. It offers in-depth activity tracking for things like running, cycling, weight training, and snowboarding, and does more than just track heart rate and time. It can log actual workout reps and track actual ground you cover via GPS, while also providing a detailed map of your route.
It's also a comprehensive health tracker with in-depth sleep and stress monitoring and a handy recovery tool that adjusts how much rest it recommends you need based on your daily activity.
I found the recovery feature quite useful, especially when I wanted to push myself but decided to take it easy based on the watch's recommendation, knowing I wouldn't be at my best. This input ultimately changed the way I worked out each week and I started to feel far better on a week-to-week basis in terms of soreness and what my overall recovery timeline was like.
This only scratches the surface of what the Epix Pro can do, too, as the watch literally learns your day-to-day behavior and adapts to suit you best. This includes the workout recommendations but it also helps manage stress levels, when to go to bed and wake up, and how often you should have a rigorous workout.
The fact it does all this while also being a reliable smartwatch makes it one of the premier wearables you can buy.
Best premium Apple Watch: Apple Watch Ultra 2
The Apple Watch Ultra 2 is the best option for outdoor enthusiasts and those who want longer battery life.
Rick Stella/Business Insider
The Apple Watch Ultra 2 offers a near-similar smartwatch experience to the Series 9 but at a much steeper price tag. While it may not be the preferred choice for casual users, it's worth the extra investment for advanced athletes or those who spend time outdoors.
This is mainly due to the features and internal hardware tailored to tracking activities like cycling, diving, and climbing. These features include a brighter screen that can be more easily seen in high-lighting conditions, tracking compatibility for freediving, scuba diving, and wakeboarding, and improved altitude readings.
The Ultra 2 also features a bulkier, more durable design than the Series 9, as well as a battery that lasts upwards of two full days, instead of needing to be recharged daily. The increased battery life is a huge improvement compared to the Series 9 (and other smartwatches in this guide) since less time on the charger means more time using it for how it's intended.
However, my favorite feature of the Ultra 2 is its Action Button, which can be programmed to open several different apps including the fitness-tracking app, the stopwatch, or the shortcuts app. The Action Button is especially helpful for activities because instead of starting after a short three-second countdown, like on the Series 9, it allows you to press the button once you're situated and ready to go. This also helps wait for the GPS to sync, too.
Other notable features include the new Double Tap Gesture, which also debuted on the Series 9, and faster on-device Siri access. It also has the new S9 processor chip, as well as the updated ultra-wideband chip that improves its location accuracy.
Although the Ultra 2 offers many features geared toward the advanced athlete, it's still a quality wearable for the casual user. It has the same health and fitness tracking tools as the Series 9 while offering similar smartwatch functionality.
The Fitbit Sense 2 is a great all-around activity tracker, and although it does lack some standard smartwatch features, it’s still an impressive wearable.
Rick Stella/Insider
For a smartwatch that excels as a reliable sleep tracker, Fitbit's Sense 2 is at the front of the pack. It not only tracks your sleep each night and provides in-depth data but it also offers unique recommendations on how to improve your rest via several metrics. There are plenty of wearables that try to offer this level of insight but the Sense 2 does it best.
What sets the Sense 2 apart is how comprehensive the data it provides is. For example, after a night of sleep, the Fitbit app displays metrics showing how well I rested. These include time spent in REM, deep, and light sleep, as well as other factors like time spent awake, how restless I might have been, and what my heart rate was.
The Fitbit app can then recommend ways to improve my sleep to better my nightly score. This may include certain workouts, when to work out, or how to keep a consistent sleep schedule. Once I got the hang of using the recommendations, they made a noticeable difference.
It's worth noting that one major hurdle to having all the sleep data available is to have Fitbit Premium, the subscription part of the Fitbit app. Memberships run for $10 per month or $80 per year, and are worth the investment, especially for those intent on using the extra data.
Fitbit Premium also provides a unique Daily Readiness Score that analyzes your prior day's activity and rest and creates a numbered score to represent how hard to push yourself. There are in-depth health insights, like heart rate variability, available to subscribers, as well.
Aside from its capability as a sleep tracker, the Sense 2 is also an excellent fitness tracker. It offers tracking for a variety of activities like running, cycling, and strength training and also uses a skin temperature sensor, has heart rhythm (ECG) readings, and debuted Fitbit's real-time stress tracker. The stress tracker is especially useful for the feedback it provides on how to lower stress throughout the day.
And while the Fitbit Sense 2 is one of the best smartwatches, its actual smartwatch experience leaves a little to be desired. Yes, it gets notifications like calls, texts, and app updates, but the fact Fitbit removed third-party app support and Google Assistant access is disappointing. There's also no way to store or play music via the watch.
But I wouldn't view these as reasons to not buy a Sense 2, especially if you're looking for a smartwatch with premium sleep tracking. It's one of the best Fitbits you can buy and while it is a so-so smartwatch, it gets the job done when needed while offering a suite of advanced health and wellness features.
Samsung's Galaxy Watch line of smartwatches has stood as the best Android smartwatch you can buy for years. With the recent release of the Watch 6 Classic, it looks to stay that way for at least another generation.
One of the best additions Samsung introduced on the Watch 6 Classic was to bring back the rotating bezel last seen in the Watch 4. With the rotating bezel, navigating the watch's interface and menus is fluid and easy, especially during workouts or when wearing gloves. This isn't to say the touchscreen is hard to navigate but sometimes I'd find it took a little longer to respond to a screen swipe than it would if I just simply spun the dial.
The watch's improved battery life is also a welcome update. Outside of the Watch 5 Pro, most Galaxy Watches would need to find their way to a charger at least once a day to recharge. This wasn't ever a deal breaker as even our top pick, the Apple Watch Series 8, requires the same daily charging.
However, having a watch with a battery that lasts more than one day ensures you can squeeze all the functionality out of it. You can use it as a smartwatch and fitness tracker during the day while also using it as a sleep tracker at night. The Watch 6 Classic's longer battery allowed me to do exactly that during my time with it.
Of course, not all Watch 6 users will make use of every bell and whistle but even casual wearers will find plenty to utilize. Outside of the available activities and sleep tracking, there's also a stress tracker, a heart rhythm reader (ECG), a body composition analyzer, a temperature sensor, and a cycle tracker.
The highlight of these is the body composition analyzer, which I used to chart my body fat percentage and muscle mass, as well as the stress tracker, which tracked my specific stress levels at different times throughout the day and suggested methods for trying to lower it.
I also just really enjoyed wearing the Watch 6 Classic. It has a comfortable, lightweight design that felt equally as good to wear while working out and sleeping as it did while sitting at my desk.
The watch looks good on the wrist, too, featuring a classic round watch face design that looks and feels premium. I could see it being slightly too big for folks with smaller wrists, though it was the perfect size on my arm (and I like larger watch faces). But do keep this in mind if you don't like big watch faces.
My lone nitpick with the Watch 6 Classic is that it's not all that different from the previous generation of Watch 5. It does use the latest Wear OS, though that can also be downloaded on the Watch 5. What this means, though, is that upgrading to the Watch 6 Classic is best done by those wearing the Watch 4 or older — and Watch 5 users can take a beat and wait for the release of next year's Watch 7.
It's important to know how you intend to use a smartwatch before you start shopping for one. Maybe you want a wearable with a smaller watch face or prefer a certain strap material. You may even want one that offers robust health and fitness tracking capabilities.
Here's what to consider before purchasing:
Use case: While all smartwatches offer similar functionality of telling time and displaying various call, text, email, and app notifications, some are better suited to certain uses than others. For example, the Fitbit Sense 2 excels as a sleep tracker in addition to being a reliable smartwatch. If you don't need sleep tracking, the Sense 2 may not be a good fit.
Sizing: Smartwatches come in a variety of sizing options, both in terms of the actual watch face and the watch strap it comes with. While some folks may benefit from a larger watch face and prefer the amount of data they can see on it, others may find big watches to be too cumbersome and may prefer something smaller and sleeker. This is especially true for those with smaller wrists.
Compatibility: While iPhone users shouldn't buy an Android smartwatch, and vice versa, there are other compatibilities to keep in mind when shopping. For instance, some wearables, like Samsung's Watch 5 Pro and Watch 6 Classic, function better on a Samsung-branded phone than they do on a different Android device like the Google Pixel. Some features aren't available while the overall experience is slightly different.
Battery life: Battery life is one of the most important considerations when shopping for a smartwatch and directly impacts how you use it. For instance, the Apple Watch Series 9, our pick as the best smartwatch overall, requires daily charging. This is fine for folks who can put in on the charger each night but may not suffice for those who travel frequently, or who may not have access to a portable charger.
How we test smartwatches
Each of the smartwatches included in this guide went through a variety of tests to determine how well they performed across these four categories: Features, fit & comfort, ease of use, and value.
Here's how each category specifically factored into the decision process:
Features: This is one of the most important considerations for any smartwatch, and is what separates something like the Apple Watch Series 8 from something that didn't make our guide, like the Fitbit Versa 4. A wearable with features like third-party app support, the ability to play or store music, and others like sleep tracking or an always-on display truly fits the bill of being a quality smartwatch.
Fit & comfort: If a smartwatch is uncomfortable to wear, then you'll be far less likely to want to wear it very often. And since a smartwatch is supposed to be a suitable extension of your phone, track your daily activity, and monitor your sleep, you need to wear it a lot. We took into consideration how the watch band feels, how lightweight it is while wearing at night, and whether it stays comfortable while commuting, working out, etc.
Ease of use: Learning curve is another important factor since knowing how to get the most out of your smartwatch without fumbling through menus is a vital part of the experience. There will be a learning period with any new smartwatch but the ones that are intuitive and easy to navigate from the jump are the ones that stick out. The Apple Watch Series 9 is one of the easiest watches to navigate, hence the reason why it's our top overall pick.
Value: Value can often be subjective and is influenced entirely by how a user utilizes a certain smartwatch. For instance, not everyone needs the Apple Watch Ultra 2. Athletes or those who spend a lot of time outside who also need a powerful smartwatch will get a lot of value out of it while someone who is just casually active may not need all the bells and whistles. But value is still an important aspect we considered because smartwatches aren't cheap and you want to ensure that your investment is a wise one.
FAQs
What's the best smartwatch?
This largely hinges on two things: how you intend to use the smartwatch and, perhaps most importantly, what smartphone you have. For instance, the best Apple Watches only work on iOS devices while the best Android smartwatches only work on Android devices.
So, while we think the Apple Watch Series 9 is the best overall smartwatch, regardless of smartphone operating system, it's still only usable by one group of users: those with an iOS device.
It's smart to also consider how you intend to use the smartwatch. If you want something that accurately tracks activities and has several health-tracking tools, a pure smartwatch likely isn't going to be the "best" for you. Similarly, if you want the best pure smartwatch experience, a dedicated fitness tracker won't be the best fit.
Do all smartwatches work on any smartphone?
No. Some smartwatches work exclusively on a certain operating system. For instance, the Apple Watch Series 9 and Apple Watch Ultra 2 only work on iOS devices while wearables such as the Samsung Galaxy Watch 5 Pro and Google Pixel Watch only work on Android devices.
However, there are plenty of wearables that work on both iOS and Android, including the Garmin Epix, the Fitbit Sense 2, and the Fitbit Versa 3. Always cross-reference which operating system a certain smartwatch requires with the operating system of your smartphone before purchasing.
Can you use an Apple Watch with an Android smartphone?
No, the Apple Watch is only compatible with devices running iOS. While you can still wear an Apple Watch if you own an Android phone, you won't be able to get anywhere near the full functionality out of it like accessing any tracked data or downloading apps.
Unlike smartwatches from Garmin and Fitbit, which work with iOS and Android devices, the Apple Watch only works with iOS devices.
Can you use an Android smartwatch with an iPhone?
No, Android smartwatches, such as the Samsung Galaxy Watch 6 Classic and Watch 5 Pro, as well as the Google Pixel, are only compatible with devices running the Android operating system. Folks with iOS devices should avoid purchasing these watches if they want to ensure the full functionality of their smartwatch.
If you do want a device-agnostic smartwatch, opt instead for something like the Garmin Epix or Fitbit Sense 2.
Former President Donald Trump and White House chief of staff Jeff Zients are set to address an influential group of CEOs.
Sarah Yenesel-Pool/Getty Images; Patrick Semansky/AP
Donald Trump is set to address a influential meeting of the nation's top CEOs.
The former president is making a major play for Wall Street.
President Joe Biden is sending his White House chief of staff Jeff Zients to the meeting.
Former President Donald Trump and a top representative for President Joe Biden will square off behind closed doors next week as both sides make a play for Wall Street ahead of the election.
According to CNBC, Trump and White House chief of staff Jeff Zients will address the Business Roundtable during a closed-door meeting on June 13 for the influential group whose members include some of the nation's most powerful CEOs.
Biden was invited to address the group but is sending Zients in his place as the president will be overseas to attend the G7 summit in Italy. Zients, a millionaire, cut his teeth at places like The Advisory Board, an education and healthcare consulting company. He previously served on Facebook's board.
Trump has been making inroads with the Wall Street crowd with whom he had a tenuous relationship during his administration. Blackstone CEO Steve Schwarzman, a roundtable member, recently endorsed Trump. Another member, JPMorgan Chase CEO Jamie Dimon, who has described himself as "barely a Democrat," has said Trump was right about some issues. Tesla CEO Elon Musk is not a member, but the world's richest person is reportedly discussing an advisory role in a second Trump administration should the former president win again. (Musk later denied any such conversations.)
Executives loved Trump's tax cuts but loathed the chaos around him. Several CEOs left Trump's White House advisory councils after his response to white nationalist protests in Charlottesville, Virginia. It's why many top CEOs tried to boost other candidates or distanced themselves from Trump when it appeared he could face a more difficult GOP primary.
The venue could pose some risks for Trump.
The Washington Post has reported how he has made some strikingly explicit requests behind closed doors to oil CEOs to back his campaign. In one reported instance, Trump told the oil executives that they should give $1 billion to help him return to the White House and that the amount would be a deal based on the regulatory and tax relief they would receive if he was elected. Congressional Democrats are probing the details of that meeting.