As inflation eases, rate cuts could come soonInflation eased more than expected in June, handing Federal Reserve officials another dose of encouraging data as they inch closer to cutting interest rates and giving long-awaited relief to households and businesses. Data released Thursday by the Bureau of Labor Statistics showed that prices climbed 3 percent compared with last year, an improvement from…
Read moreWhere the owner of a beach house alleged the defendant failed to procure sufficient insurance to cover a loss, the…
Can Boston become the hub of the “longevity economy”? Brooks Tingle sure thinks so. He has made it his mission…
Data: St. Louis Federal Reserve. Chart: Axios VisualsHuge numbers of Americans are leaving the workplace in a surprise second wave of the post-COVID retirement boom.Why it matters: An aging country — combined with a booming stock market and a nudge from return-to-office policies — means more working stiffs are preparing to exit the stage.What's happening: The U.S. has about 2.7…
Matt Sweeney, a spokesman for the comptroller's office, said the duplicate payments were due to an error that occurred while testing the state retirement system's "disaster recovery" procedures with its vendor bank that distributes direct deposits. The New York State and Local Retirement System handles pensions for retirees of both state and local…
WASHINGTON- The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Meanwhile, Social Security's trust funds- which cover old age and disability recipients- will be unable to pay full…
Unless a ton of climate and weather scientists are wrong, the U.S. could be in for the worst Atlantic hurricane season ever. “This season is looking to be an extraordinary one,” said Rick Spinrad, administrator of the National Oceanic and Atmospheric Administration, Thursday morning at a briefing to announce NOAA’s predictions for the upcoming hurricane season, which starts…
Financial instability among a large portion of retirees and those nearing retirement in America is closely linked to a high reliance on the 401(k) retirement plans. This has been evidenced by recent research. While these plans have their advantages, they have shown certain inadequacies, as many individuals are unable to save enough to maintain their lifestyle post-retirement….
The Retirement Security Rule, recently approved by President Biden’s team, has sparked reactions across the investment advising community. While some view this new rule as a significant stride in solidifying the retirement safety of US citizens, others express concerns over its potential bureaucratic complications. This policy, crafted by the Department of Labor, insists that…
Insurance giant American International Group has struck a deal to sell a 20% stake in its majority-owned life and retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. AIG said on Thursday that it had agreed to sell about 120 million Corebridge shares to Nippon Life for $31.47 each, a premium of 4.3% over Corebridge's closing…
Dr. Brian Jeffrey Swann, who is on the board of directors for Remote Area Medical and practices dentistry in Tennessee, told a U.S. Senate committee about low-income people who drive from far distances to attend clinics where they can get their dental problems treated. (Screenshot from U.S. Senate webcast)WASHINGTON — Dentists from throughout the country urged Congress to include…
The Editorial Board's recent headline embodied what I have repeatedly said- neither President Biden nor former president Donald Trump has a plan to address the fast-approaching insolvency of Social Security and Medicare. It's likely Mr. Biden will try to tap the same well- Americans' paychecks- to keep Social Security funded. Neither candidate is willing to…
Bryan Simpson U.S. Courthouse in Jacksonville. [Andrew Pantazi / The Tributary] A federal trial next week could force Florida’s government to reinstate Medicaid for hundreds of thousands of people and overhaul how it manages the health insurance program, at a cost of potentially billions of dollars. One question will decide what, if any, changes Florida must make: Has Florida…
In the United States District Court, Eastern District of Louisiana, a lawsuit has been filed by Jackhai Nguyen against the United States Government. The case is identified as 2:24-cv-01117-WBV-MBN and was filed on May 2, 2024.The plaintiff, represented by Connie P. Trieu of Trieu Law, LLC, alleges that the defendant is liable for the loss of a tennis bracelet composed of 32…
We are just days away from the first anniversary of the official end of the pandemic federal public health emergency, which ended a year ago Saturday. Two economists at the San Francisco Federal Reserve found that by August of 2021, Americans built up over $2 trillion in savings— above and beyond what they would have saved had there been no pandemic.
Social Security isn't broke, but it's badly broken. Each year, the trustees of the Social Security and Medicare trust funds issue reports on the current and projected financial status of the two programs, which are critical for keeping so many seniors above the poverty line. Social Security is financed by payroll taxes.
Report says Medicare and Social Security will be insolvent by 2036. Social Security and Medicare will run out of money in just over a decade, a new report warned Monday, putting fresh pressure on Congress to address the nation's financial health as federal debt rises and the population ages. The trustees for the massive retirement programs project that Social…
Recent data from Northwestern Mutual reveals a 15% increase in the target for American adults’ anticipated retirement savings, despite an actual drop in savings. The estimated amount necessary for a comfortable retirement has risen to $1.46 million from the previous $1.27 million. However, there’s a downward trend in the percentage of Americans actively saving for retirement….
Community health worker Ron Sanders, right, helps a patient at San Francisco’s Southeast Family Health Center, part of the Transitions Clinic Network that assists former inmates navigate health care after release. A new policy allows states to provide Medicaid health care coverage to inmates for specific services 30-90 days before their release. (Courtesy of Transitions Clinic…
Getty ImagesChronic illnesses continue to burden communities across Louisiana, and patients living with these conditions need consistent access to the treatments they are prescribed. However, onerous insurance policies and other barriers to care are making it more difficult for patients to manage living with a chronic condition by delaying or blocking medication access. Over 2…
