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Roth IRAs were established in 1997 to incentivize middle-class Americans to save for retirement. Congress imposed strict limits, including a cap on how much can be contributed to the accounts each year, which today stands at $6,000 for most Americans. The average Roth account was worth $39,108 at the end...
Over the past 20 years, the price of US hospital services has increased by more than 200%, compared with average inflation of 60%. Yet large hospital networks, which contribute three times more than drug prices to total US healthcare spending, have largely remained out of public and political scrutiny according to Nisarg Patel in the Financial Times....
During the COVID-19 pandemic, the U.S. suspended payments and interest on federal student loans, but those protections are set to end on Sept. 30, 2021. Democrats led by Senate Majority Leader Chuck Schumer (D-N.Y.), Sen. Elizabeth Warren (D-Mass.), and Rep. Ayanna Pressley (D-Mass.) are making a renewed push for President Joe Biden...
Kwaisi France / Politics, Society, Freedom, and Equality / Religion / Science, Technology & Medicine / The Breeze
Nearly 40% of Republicans are still hesitant about getting the Covid-19 vaccine or refuse to get it, a new Public Religion Research Institute (PRRI)/Interfaith Youth Core (IFYC) poll finds. Allison Durkee of Forbes crunches the numbers on the Republican pandemic of the unvaccinated. Overall 71% of poll respondents in the...
Aimee Picchi of CBS News reports that, according to data from payroll provider Gusto, there are growing disparities between urban cores and suburban areas. While this trend away from cities is positive for small businesses as well as the vibrancy of suburban economies, it could pose a threat to the...
Aaron Morrison, writing for the Associated Press, reminds us of who the drug war’s losers are: Fifty years ago this summer, President Richard Nixon declared a war on drugs. Today, with the U.S. mired in a deadly opioid epidemic that did not abate during the coronavirus pandemic’s worst days, it...
The pandemic resurgence is affecting optimism in the nation. Writing for ABC News, Quinn Scanlan highlights how now 55% of the public say they are pessimistic about the direction of the country, a change from the 36% that said the same in an ABC News/Ipsos poll published May 2. In...
Timothy Noah at the New Republic explains how wages are rising faster than they have in nearly 40 years, reports Business Insider, excluding a freakish momentary spike last year when Covid-19 lockdowns began. The number of job openings (9.3 million) and the number of people quitting their jobs (4 million,...
Sophie Lewis of CBS News points out how New York became the sixth state to ban child marriage, after raising the legal age of consent to be married to 18. Governor Andrew Cuomo signed the legislation which will take effect 30 days after becoming law. A previous law Cuomo signed in 2017 allowed...
Tammy Webber and Emily Swanson write that among American adults who have not yet received a vaccine, 35% say they probably will not, and 45% say they definitely will not, according to a poll from The Associated Press-NORC Center for Public Affairs Research. On the other hand, 3% say they...