Do you have a favorite podcast? Over the past 15 years, podcasts have evolved into a viable business model for the entertainment industry. Today, there are more than two million podcasts on major platforms. In 2020 alone, podcast listening in the United States reached 25% of the population.
In 2022, Social Security retirement benefits will increase by 5.9% after higher inflation last year. This increase is the largest cost-of-living adjustment (COLA) to benefits in four decades and reiterates the value of inflation-adjusted income during retirement.
Today’s automobile isn’t just about engines and gears, pistons and knobs. People choose their cars just as much for technology as horsepower. That seems to be the direction in which we continue to journey, with tech firms very much in the driver’s seat.
New data shows there was a remarkable increase in women’s pay last year, specifically in the nonprofit industry. In 2020, female executives in nonprofit organizations increased their earnings by an average of 92 cents on the dollar compared to their male counterparts, up from 82 cents in 2019.
For Gen X, Gen Z and millennials, their future may be spent somewhere other than where they currently live. Thanks to the remote work model driven by COVID-19, some employers see the value of a permanent offsite workforce.
According to a market analyst at BofA Securities, the COVID-19 pandemic is not just a temporary crisis. It is expected to permanently reshape societies, markets and politics throughout the world.
Wealth and income inequality were central issues in the U.S. even before the pandemic. Now, the gap is widening even more. For starters, in 2018 the top 20% of households earned more than half of the rest of the nation’s other income combined.
The United States Postal Service (USPS) is likely in big financial trouble. As legislators debate how to address the problem, it is important to note that the USPS is funded by sales of postage, products and services — not taxes.
America’s Job Crises: Past and Future Even before the mass layoffs caused by the COVID-19 pandemic, companies were having a hard time keeping workers employed. That’s because, in recent years, plentiful jobs have offered employees more options to jump ship if they weren’t happy.
The SECURE Act Can Help Ensure Survivor Income The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect at the beginning of 2020, included a provision designed to encourage employers to add an annuity option to their 401(k) plans. An annuity offers an insurer-guaranteed stream of retirement income in exchange for a premium. The employee can gradually pay that premium throughout time via payroll deductions.
