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76 million Americans are struggling financially or just getting by
“Wages are finally rising. Unemployment is the lowest it’s been since 2007. Inflation remains muted. But 31% of American adults, or 76 million people, say they are struggling to get by or just barely making it, according to the Federal Reserve Bank’s latest survey on Americans’ economic well-being, which looked at 2015.” Read more: http://money.cnn.com/2016/06/10/news/economy/americans-struggling-financially/
Retiree COLA Suspension Upheld in New Jersey
The New Jersey Supreme Court ruled a 2011 pension reform law suspending cost-of-living adjustments for retirees was constitutional. Public employee unions had challenged the COLA freeze, arguing it deserved the same protections as regular pensions. New Jersey’s $70.9 billion Pension Fund is fiscally challenged and has been a huge bone of contention between labor and Governor Chris Christie. Read more: http://www.pionline.com/article/20160609/ONLINE/160609864/new-jersey-supreme-court-rules-cola-suspension-is-constitutional
Supreme Court Won’t Reopen Union-Fees Case
The U.S. Supreme Court rejected a June 28th request by public school teachers in California asking the justices to rehear a major challenge to fees that unions collect from non-members on which the court split 4-4 in March. Read more: http://www.foxbusiness.com/politics/2016/06/28/supreme-court-wont-reopen-union-fees-case.html
9 Facts You Probably Didn’t Know About American Retirees
“The Current State of Retirement: A Compendium of Findings About American Retirees,” a recent survey by Transamerica Center for Retirement Studies, reveals several interesting facts about the financial status of the country’s retirees. Read more: http://www.business.com/finance/9-facts-you-probably-didnt-know-about-american-retirees/
How Independent Living and In-Home Care Work Together
A short article describing Independent Living Communities (age 55+) and In-Home Care and explaining how they work together. Offering In-Home care as an amenity is embraced by independent living communities. An explanation of In-Home care costs, selecting an agency, and Medicare/Medicaid eligibility, if applicable, is given. Read more: https://www.after55.com/blog/independent-living-home-care-work-together/