ST. PAUL, Minn. (2/23/16)--One in four Americans are having difficulty paying for medications. Last year, total U.S. spending on prescription drugs by individuals, insurers, and governments jumped 13%--the largest increase since 2001. Certain demographics are feeling the crunch more than others (NextAvenue Feb. 1)
NEW YORK (2/2/16)--Becoming a landlord can be a profitable move, according to the online real estate site Trulia, but, it’s not a passive investment--it’s a small business. Take on the commitment only after you’ve given it careful consideration and research (CBS MoneyWatch Jan. 25).
If you're drawing on Social Security earlier than you'd planned, you have company. Joblessness has forced 200,000 more people to file first-time Social Security claims in 2009 and 2010 than predicted, and the trend is continuing. And more people ages 55 to 64 are looking for part-time work (New York Times June 9).
School's out, but if your kids have yet to look for a summer job, you're in luck. The number of teenagers hired in May 2012 was more than double the teens hired in May 2011. And yet, the majority of teens are not interested in working this summer.
There is good news for college graduates entering the job market: Employers plan to hire 10% more grads this year than in 2011, payroll employment increased in 32 states last month, and the unemployment rate dropped to 8.1% in April, compared with 9% a year ago.
The cat's out of the bag: Americans can't afford to retire. In fact, only half of us are saving anything at all for retirement. At the same time, our healthcare costs in retirement have increased an average of 6% a year in the past decade (Huffington Post May 10).
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.
As Congress works this week to fund the government past April 28, CUNA will be engaged in the process as it seeks to see 2 particular issues addressed: funding for CDFIs and the CFPB's exemption authority.