Social Security’s reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits in full. That’s according to the annual Social Security and Medicare trustees report released on Monday, which said total costs of the program, which covers the old age and disability […]
Category: Business
Majority Of Millenials Rely On Parents Financially
Millennials often define being an adult as being financially independent, but a new survey finds the majority of young people still depend on their parents for money. A new Merrill Lynch/Age Wave survey given exclusively to USA TODAY found 70 percent of adults ages 18 to 34 received financial support from their parents within the last year, […]
Millennials Lie On Their Resumes More Than Other Generations
Even amid a tight labor market, searching for a good job can be a grueling process, which may entice some job seekers to throw in a little lie or two to make their resumes more attractive to employers. According to a new survey, two percent of respondents hope not, as they admitted to fudging their […]
Slowing US Economy Still Adds 196,000 Jobs In March
The economy added 196,000 jobs in March, beating analyst predictions and bouncing back after a dismal February report of just 20,000 job gains. The unemployment rate remained steady at 3.8 percent, still the lowest level in almost 50 years, but wages increased by 0.14 percent for the month and 3.2 percent year on year. The […]
Powerball Jackpot Is Currently Over $750 M
The Powerball jackpot continues inching toward $1 billion as no one took home the jackpot Saturday night. The drawing on Wednesday will be worth an estimated $750 million. The latest numbers drawn for the jackpot were 24-25-52-60-66 with a Powerball of 5. The winner would have officially taken home $638.8 million, the biggest jackpot of […]
Ford Announces Its Adding 900 Jobs To Detroit
Ford will invest $900 million to boost its capacity to produce electric cars, creating 900 new jobs, the auto giant announced Wednesday. The vast majority of that investment will go to reconfigure an underused Southeast Michigan plant. The facility in the Detroit suburb of Flat Rock will become Ford’s second battery-electric vehicle, or BEV, factory. […]
Trump Grounds Boeing Jets After Latest Crash
The Federal Aviation Administration (FAA) on Wednesday ordered two Boeing 737 Max jets — one model of which was involved in the fatal Ethiopian Airlines crash that killed 157 people — to be temporarily grounded in the U.S. The agency said the decision was made to ground both the Boeing 737 Max 8 and 737 Max 9 models “as a […]
Firefighter Shortage Could Sweep The Nation
East Stroudsburg, PENNSYLVANIA – A generational decline in volunteerism has brought about a public safety crisis in Pennsylvania, with the number of volunteer firefighters reaching startling lows. More than 90 percent of the state’s fire companies are volunteer, and since the 1970s the number of volunteer firefighters has declined by 88 percent. What’s more, state officials […]
Americans Left Wondering Where Their Tax Refunds Went
With filing season officially under way, a growing number of taxpayers are realizing that the Tax Cuts and Jobs Act might be a double-edged sword. The White House said in October 2017 that the average family “would get a $4,000 raise” when it was pushing for passage of the law. Now that the new filing […]
General Motors Begins To Layoff 4,000 American Workers
General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN. GM said in November that it would eliminate 15 percent of its corporate workers and 25 percent of its executives and close as many as four manufacturing plants in the United States. The layoffs come as the company is trying to […]
Over 300,000 Jobs Added To Economy In January Despite Shutdown
The economy added 304,000 jobs in January, according to data released Friday by the Bureau of Labor Statistics — far more than the 165,000 that economists had predicted. The surge in hiring comes despite the longest government shutdown in U.S. history, mounting concern about a global economic slowdown, and a lack of key economic data […]
Dems Propose Bill To Raise Minimum Wage To $15 An Hour
Democrats in the House and Senate rolled out a proposal on Wednesday to more than double the federal minimum wage to $15 per hour by 2024. “A $15 federal minimum wage affirms the bedrock idea of fairness in our country: that hard work deserves a decent wage,” Speaker Nancy Pelosi (D-Calif.) said in backing the […]