Archive | Finances
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Young people more likely to retire in poverty, according to study
Approximately half of California workers will retire in or near poverty, according to a study published Monday by the U. California Berkeley Center for Labor Research and Education. The study details the fiscal consequences of the decline in secure retirement plans offered by California employers.
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Debt calls would target students’ cells
President Barack Obama is endorsing a new debt-collecting tactic that would allow private collectors to increase calls to cellphones, particularly to indebted college students.
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Column: The Social Security taboo
First called the “third rail” of American politics by Speaker of the House Tip O’Neil in 1981, Social Security remains one of the most divisive programs in our budget.
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Column: Down with debit!
I’ve never really liked debit cards. They bother me. Bank of America’s recently-announced five-dollar-per-month usage charge is a good thing. If industry watchers are to be believed, it’s a Sign of Things to Come and will ripple from bank to bank like another East Coast earthquake.
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Column: Balancing growth with fiscal responsibility
Ten years ago, the nation’s future fiscal health seemed assured: an economic boom and the lack of significant external threats created budget surpluses. In 2001 the Congressional Budget Office (CBO) even projected that over the next decade the nation would enjoy a $5.6 trillion surplus.
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Bank of America users face $5 fee for debit cards
Bank of America will be charging a one-time monthly fee of $5 next year, whenever a customer uses their debit card to make a purchase. This new policy forces customers to carry cash to make purchases or pay up to $60 a year in fees.
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Editorial: Grant the Pell preservation
House Republicans are proposing legislation in Congress that will aims to tighten eligibility on Pell Grant programs and would also eliminate 31 education programs, according to a report from the Chronicle of Higher Education. The bill, which was introduced by Rep. Denny Rehberg (R-Mont.
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Student loan default rates on the rise for recent graduates
Last May, David Piccirilli graduated from Duke U. with a diploma in hand and $170,000 in loans in the back of his mind. He must now enlist help from his parents to help repay his loans or face default.
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Students push for debt forgiveness
Alexis Reineke graduated from U. Minnesota in December 2008 with a communications degree — and $35,000 in debt. Last week, she signed a petition that now has more than 424,000 signatures, each urging President Barack Obama to forgive student debt to stimulate the economy.