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For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling […]
The Centers for Medicare and Medicaid Services (CMS) now has details about the data stolen in the breach of Healthcare.gov that occurred last month. According to the government agency, a significant amount of personal information including partial Social Security numbers, tax information and immigration status was compromised in the breach. No financial information was stolen. […]
Courtesy of Angela Rozmyn Angela Rozmyn lives in Seattle with her husband and son and works as a LEED building accreditation professional. They’re saving close to 50% of their income and plan to retire in their early 40s. Over the last two years, Rozmyn reduced her family’s food spending from a monthly average of $ […]
AP Men have suffered the brunt of the real-wage repression over the past four decades. But the figure doesn’t include capital gains. With investment returns included, the data becomes even more skewed. Women weren’t so lucky either. But who got the spoils? On the surface, the annual household income data released by the Census Bureau today, looks […]
More than two years after revealing plans to give people a guaranteed monthly income, the incubator now says it hopes to begin the study in 2019. https://media.wired.com/photos/5b7f02270ff4383e72d8b9fc/master/pass/YCom-Libby-930727686.jpg
Prince Harry is one of the most popular members of the Royal Family. His lavish wedding to wife Meghan Markle, 36, a former-actress in cable drama Suits, took place last month. The royals enjoy a lavish life, but how do they pay for it all? Does Prince Harry have a job or a private income? […]
WHEN people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by […]
THE concept of a universal basic income (UBI), an unconditional cash payment to all citizens, has in recent years captured the imagination of a wide spectrum of people, from leftist activists to libertarian Silicon Valley techies. Proponents see a neat solution to poverty and the challenges of automation; detractors argue it would remove the incentive […]
A band of hotshot lawyers from cities across the United States had sought out the plaintiffs to build the perfect case. The cost of litigation would add up to a staggering $ 1 million — quite the sum in 1895. Not to worry, the bill was largely footed by the megarich clients of the law […]
