Survey Finds a Lack of Savings for Many Americans

first_img April 10, 2014 600 Views Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Survey Finds a Lack of Savings for Many Americans Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Missouri Businessmen Plead Guilty to Fraud Next: Judge Upholds $1.5 Billion Claim against Wells Fargo About Author: Colin Robins Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Related Articles Tagged with: Financial Education Financial Literacy NeighborWorks America Savings The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Survey Finds a Lack of Savings for Many Americans Nearly 70 million adults have no emergency savings, while nearly one in four would run out of money in 30 days, according to a new survey put out by NeighborWorks America. The survey found that 22 percent of adults, or roughly 53 million adults, have only enough saved for one month.The survey was released, “[T]o mark the beginning of financial capability month, call attention to the fragility of many families’ finances nearly five years since the end of the Great Recession, and assess consumers’ interest in nonprofit resources to help them build financial stability,” the organization said in a press release.Results from the survey also found that 48 percent of respondents said their cash reserves would last as long as three months, and 28 percent expect savings to last for a year.In total, 68 percent of consumers reported setting aside money in case of a financial emergency.”These data have to light a fire under all of us who want to see Americans better able to withstand a financial crisis, especially a recession as devastating as the one we’re climbing out of now,” said Eileen Fitzgerald, NeighborWorks America CEO. “Our survey underscores the need to provide better tools and information for people to manage the money they do have in order to build a strong financial base.”Top savings goals found by the survey include retirement and buying a home. 13 percent of survey respondents reported that saving to buy a home is their top priority.Race played a factor as well. The survey found that of the 29 percent of adults with no emergency savings, 43 percent were African-American and 39 percent were Hispanic. White respondents made up a reported 24 percent of adults with no emergency savings.Not surprisingly, higher income earners were more apt to save, while lower income earners were not.”Just 11 percent of people making $100,000 or more per year said that they had no emergency fund, while more than half (52%) of people earning less than $40,000 said that they had no such reserve.  People whose income places them squarely in the middle class also are financially vulnerable, with 24 percent of adults with income between $40-59,000 holding no emergency fund,” the survey reported.Fitzgerald believes everyone, even those with limited income, can save for emergencies and other financial opportunities.”In today’s marketplace, everyone, including those with limited incomes, can set aside some savings for emergencies and work to achieve other financial goals. We are seeing great results for consumers who use a financial coach to help them start saving, reduce debt and work toward financial goals.” in Daily Dose, Featured, Headlines, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Financial Education Financial Literacy NeighborWorks America Savings 2014-04-10 Colin Robins Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Workers turn noses up at office sandwiches

first_imgTo our desk-bound readers: have you noticed that those blue-sky brainstorming meetings have subdued to a sombre grey of late? Is your new product development drizzling rather than sparkling? Losing clients left, right and centre? It could be something to do with your limp, pappy office sarnies.A new survey shows that 80% of employees think the quality of sandwiches at their business meetings has fallen. The study, by office design company Maris Interiors, found that only 4% of those questioned felt that the quality of sandwiches had improved over the last five years, with 16% noticing no change.Employers have cut their sarnie bill by 50% as the average cost of sandwiches per person at meetings fell to a dreary £3.80, plummeting from a near £6 per person pre-recessionary height in 2006. The popular crayfish and avocado and chicken teriyaki varieties of five years past have fallen by the wayside, to be replaced with cheapo cheese and pickle and tuna and sweetcorn, which featured heavily in the new survey. “It’s a sign of these austere times that companies are spending much less on sandwiches in the boardroom,” said Maris Interiors’ chairman Michael Howard. “You won’t impress a client with jam sandwiches.”If the wave of political activism sweeping the world has taught us anything, it is not to ignore the will of the people. With four in five people unhappy with their lunchtime lot, employers take note, lest you find egg mayonnaise on your faces.last_img read more

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She Loves Me’s Jane Krakowski Manages Early Morning Splits

first_img Related Shows She Loves Me Show Closed This production ended its run on July 10, 2016 View Commentscenter_img Well, this is one way to wake up. She Loves Me picked up eight Tony nominations this week including Best Revival and Best Supporting Actress in a Musical for Jane Krakowski. The stage and screen star, along with costar Gavin Creel, stopped by The Today Show on May 5 to chat about—and perform a number from—the tuner. “We’re having such a wonderful, joyful, time over at Studio 54,” said Krakowski. “She’s a dream,” Creel added. “We’re having a great time together.” Check out their delicious “Ilona” below (including Krakowski’s now infamous splits); the production, also starring 2016 Tony nominees Laura Benanti and Zachary Levi, is running through July 10. Gavin Creel & Jane Krakowskilast_img read more

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Trail Mix | Mandolin Orange

first_imgNorth Carolina duo Mandolin Orange – Andrew Marlin and Emily Frantz – have been drawing acclaim from music critics and fans alike since the band’s inception in 2009.The band has earned high praise on it’s last two records, 2013’s This Side of Jordan and last year’s Such Jubilee, with Marlin and Frantz’s work described as “elegant,” “beautiful,” and “honest.” The songcraft that earned such platitudes is evident once again on Blindfaller, the new release that drops this week.I recently chatted with Andrew Marlin about the new record, which you can pick up on Friday, politics, and even charades.BRO – You wrapped this record up in just a week in the studio. Is there a better energy that develops from working at such a fast clip?AM – I am not sure it creates a better energy, necessarily, but it gives you less time to over analyze. I think you can definitely iron out too many imperfections and lose a lot of character.BRO – You tackle the contemporary political climate on “Gospel Shoes.” The current election seems great for songwriters but so bad for the citizenry. On an intrapersonal level, is that a difficult dichotomy to balance?AM – The current political state is not good for anyone, songwriters included. Songwriting provides me with an outlet for shaping internal feelings into something I can share. For me, the balance and the dichotomy is whether to view my songwriting as entertainment for others or something I can truly stand behind. Hopefully, it’s both.BRO – Is there a particular song on the record that just happened? One song that felt like it was meant to be and  you grabbed hold of it right of the gate?AM – “Wildfire” basically wrote itself. From the rough draft to the record, not a lyric was changed.BRO – Speaking of, we are featuring “Wildfire” on this month’s Trail Mix. What’s the story behind the song?AM – That song was born out of growing up in the South and being surrounded by subtle, and sometimes not so subtle, racism. Within that environment, I was very fortunate to have wonderful parents who instilled in me a belief that all people are inherently good. When I wrote “Wildfire,” I was thinking a lot about the current climate in our country and in our home state, where it feels like some people – and not the majority of the people – want to glorify an ugly history and push us into a regressive state of being. It’s frustrating and disheartening to see people be so antagonistic towards their neighbors.BRO – Some friends and I have a charades game where we have to act out band names. Do you realize how hard your name is to act out? AM – It’s great for Pictionary, though!Mandolin Orange will be out on the west coast this weekend to celebrate the release of Blindfaller. Fans can catch the band in San Francisco, Los Angeles, and San Diego this weekend before Mandolin Orange heads north to Washington and Oregeon next week.For more information on the band, tour dates, or how to order a copy of the new record, be sure to surf over to the band’s website. Also, take time to listen to “Wildfire” on this month’s Trail Mix.last_img read more

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Dutch tax experts warn of lump sum disadvantage

first_img“The option of personal choice is part of a modern pension,” Koolmees said at the time during his presentation of the pensions accord.Tax experts noted that the lump sum would be charged against regular and progressive tax tariffs, and concluded that the impact would be significant for participants earning 150% to 200% of the average income.According to the NOB, members of this tax group taking out a lump sum would be hit by the highest tax tariff of 49.5%, rather than 19.45% for their life-long benefits.In their case, using the existing option of high/low pay outs in drawdown arrangements could possibly be more beneficial, as pensioners could lose means-tested housing and care benefits as a consequence of taking out a lump sum, the order said.The NOB urged the minister to exempt the lump sum for these subsidies.In its response to the consultation, the industry organisation further noted that pensioners would not be allowed to combine the lump sum with the high/low pay out option.The latter enabled pensioners to start with high benefits straight after retirement and a lower payout later, enabling them to receive approximately 8% of their pension during the first years of retirement.In a statement, the minister argued that offering the combined option would increase the risk that a large part of someone’s pension would be taken out too early, which could lead to an insufficient pension later on in retirement.The NOB contended that, because of the progressive tax tariffs, it will hardly make a difference whether a participant opted for a lump sum or the existing option of high/low benefits. A stacking ban would “substantially limit” the effectivity of the new lump sum option, it stated.Dutch financial daily Het Financieele Dagblad (FD) quoted pensions specialist and lawyer Theo Gommer, of Gommer & Partners Pensioen Advocaten, as describing the minister’s approach as “incomprehensible paternalism”.“In particular lower paid workers, who tend to die earlier, would benefit from stacking lump sum and high/low pay outs,” he said. “People in their 60s should be allowed to take the descision themselves.”According to the FD, the sector organisation for lawyers had suggested to allow stacking, but combining this with a lower limit for the remaining pension. The Dutch order of tax advisers (NOB) suggested that the country’s new option of taking out a lump sum at retirement is unlikely to be beneficial to pensioners, as people could end up in a higher tax band, or lose housing benefits and care subsidies.The statement follows an online consultation on lump sum legislation.As part of the pensions agreement of June, social partners and the government had agreed that pensioners would be allowed to take out up to 10% of their accrued pension entitlements, which could be spent as they wished.Increased freedom of choice is one of the key elements of the pensions paragraph in the election manifesto of the liberal democrats (D66), the polical party of social affairs’ minister Wouter Koolmees.last_img read more

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Wanda Shook, 77, Benham

first_imgWanda LaVerne Shook, 77, of Benham passed away at 12:45am, Wednesday, January 3, 2018 at Aspen Place Health Campus in Greensburg. She was born in the family home in Canaan on November 26, 1940 the daughter of Harold and Robena Cole Ferris. She was married to Harold “Tony” Shook on March 6, 1961 at St. Paul Lutheran Church in Olean and he preceded her in death on July 11, 2012. Other survivors include one son Michael (Debby) Shook of Milhousen; three daughters Theresa (Kevin Dale) Shook-Elza of Versailles, Julie (Robert) McConnell of Sunman, Amanda (Ronald) Lawson of Benham; 7 grandchildren Bobbie Lynn Shook, Amy Jo Shook, Mika Sue Shook, Ashley Elza, Zachary Elza, Roger Lee McConnell and Iva Marie McConnell; six great grandchildren; two sisters Connie Bentley of Madison, Penny Jo Brim of Canaan; sister in law Eleanor Ferris of Canaan. She was also preceded in death by her parents, her brother Gale Ferris; two brothers in laws Donald Bentley and Danny Brim. Mrs. Shook was a 1958 graduate of Central High School in Madison. Wanda was a member of the Benham United Methodist Church, the Benham blue Bells, UMC women, Versailles Eastern Star and numerous Card Clubs. Her grandchildren loved her baking and especially her yeast rolls. Funeral services will be held on Saturday, January 6th, 2018 at 12:00 noon at the Benham United Methodist Church with Jerry Brooks officiating. Burial will be in the Benham Cemetery. Visitation will be on Saturday starting at 10:00am at the church. Memorials may be given to the Benham Cemetery in care of the funeral home.last_img read more

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Watch Ashley Run

first_imgAshley Williams is fast and confident. By the time the five-day ISSA-GraceKennedy Boys and Girls’ Championships end on March 19, her name could be on everybody’s lips.Recently, the outgoing Holmwood Technical High School senior won a fine Class One 200-400 metres double at Central Championships, with the promise of more to come.At Central Champs, she first won the 400m in 52.72 seconds. That time would have won the Class One gold medal at Champs last year. She returned to win the 200m in 23.80 seconds.Third in the 2015 Girls’ Champs 400m, she revealed her confidence in a trackside interview. “Ashley Williams right now is not in full shape,” she said pointedly. “This is just a piece of Ashley,” the petite Holmwood student-athlete explained.”Come Champs this year, you’ll see the whole Ashley,” she asserted.Asked what she was working to improve on, she said: “Improving my 400m, because I want to run 51 at Champs.”Sonita Sutherland, Shericka Jackson and Chris-Ann Gordon are the only girls ever to have produced 51-second times over the one-lap distance at Champs. If she achieves her goal, she will extend her school’s tradition in the 400m, as two-time World Junior silver medal winner Sutherland and Gordon both attended Holmwood.CO-FAVOURITEAshley will enter the championships as co-favourite for the 400m if Junelle Bromfield of St Elizabeth Technical (STETHS) elects to contest the event. The talented STETHS girl is most pundits’ top pick for the Class One 800m and the open 400m hurdles. At the recent Western Championships, Bromfield ran solo to a 400m victory in 52.43.They met on the anchor leg of the 4x400m at the Gibson-McCook Relays. Williams’ Holmwood team triumphed over the previously undefeated STETHS team anchored by Bromfield.Williams finished third in the Champs Class One 400 last year, but those ahead of her Dawnlee Loney and Tiffany James are no longer eligible for Champs.last_img read more

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Shutdown brings life to a halt in Arunachal Pradesh

first_imgNormal life in at least five districts of Arunachal Pradesh was affected on Thursday after 18 student and civil organisations imposed a 48-hour shutdown against the State government’s decision to grant the permanent resident certificate (PRC) to six communities not recognised as Scheduled Tribes.These six communities — Adivasi, Deori, Gorkha, Mishing, Moran, and Sonowal Kachari — mostly inhabit Namsai and Changlang districts of Arunachal Pradesh on the border with Assam. Some of these communities enjoy Scheduled Tribe status in Assam.The 18 organisations have alleged that the joint high power committee (JHPC), led by Environment and Forest Minister Nabam Rebia, to look into the matter had submitted its report without proper verification of facts. The protesters have called for the report to be rectified before it is tabled in the Assembly. The groups include the All Nyishi Students’ Union, United Arunachal Indigenous People’s Forum, and All Tagin Students’ Union. While there were reports of agitators blocking arterial roads in several places and forcing vehicles off the roads, the police and paramilitary forces prevented the situation from getting out of hand.Superintendent of Police of Capital Complex (covering twin cities of Itanagar and Naharlagun) M. Harsha Vardhan said 27 people were arrested in connection with the bandh that had been declared illegal by the district administration.“We received reports of sporadic stone pelting in the morning hours. We have identified the people responsible and strict action would be taken against them soon,” Mr. Vardhan said.The communities not recognised as Arunachal Pradesh Scheduled Tribe (APST) have been demanding permanent resident certificate (PRC) as they have been living in the State for decades. The indigenous groups, however, contend that granting them PRC would be a stepping stone to recognising them as APST, which would eventually cut into their rights and privileges.“The government must withdraw its decision to grant PRC to the non-APST groups or we will be forced to step up our agitation,” a spokesperson of a coordination committee of the 18 agitating groups said.last_img read more

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Brother of boxer Julio Cesar Chavez slain in home in Mexico

first_imgLegendary Mexican boxer Julio Cesar Chavez Sr. Reports say his brother Rafael was killed in his home in Mexico in an apparent robbery. AFP/GETTY IMAGES FILE PHOTOCULIACAN, Mexico— The brother of legendary boxer Julio Cesar Chavez was killed in his home in western Mexico, state authorities said Monday.Sinaloa state prosecutor Juan Jose Rios said in a news conference that two men entered the rear of Rafael Chavez Gonzalez’s house in Culiacan on Sunday night. One was armed and demanded money.ADVERTISEMENT Don’t miss out on the latest news and information. Also Monday, in the neighboring state of Sonora, police found over 55,500 rounds of ammunition and 18 rifles, hidden aboard a flatbed tractor trailer.The federal police said they pulled over the driver, and an inspection showed a hidden compartment in the truck’s flat bed.Sports Related Videospowered by AdSparcRead Next After rocky road in LA, Russell seeks smooth start with Nets Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ View comments Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Heart Evangelista admits she’s pregnant… with chicken What ‘missteps’? World’s 50 Best Restaurants launches new drinking and dining guide PNP vows dismissal for cadets in alleged hazing at PNPA PLAY LIST 01:37PNP vows dismissal for cadets in alleged hazing at PNPA01:07Cops linking 2 drug cases to murder of Tagudin judge – CJ Peralta00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games LATEST STORIES Lacson: SEA Games fund put in foundation like ‘Napoles case’ Some amount of money was handed over, but they demanded more, Rios said. When Chavez resisted he was shot.Another brother, Roberto Chavez Gonzalez, confirmed that account Monday and said his brother was shot in front of his family.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutRios also said that overnight about 10 armed men kidnapped a still undetermined number of people from a restaurant in Culiacan. One of the victims has already been released, he said. The restaurant is popular with local politicians.Murders are up significantly in Mexico this year. During the first five months of 2017, there were 9,916 killings nationwide — an increase of about 30 percent over the 7,638 slain during the same period last year. MOST READ WATCH: Firefighters rescue baby seal found in parking garage 1 dead in Cavite blast, firelast_img read more

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Wright is best pure shooter Gilas has

first_imgEl Nido residents told to vacate beach homes Reyes rattled off two names that fit his national program perfectly some years back.“Larry Fonacier and Jeff Chan are better, though they are (now) in the latter parts of their careers,” Reyes, who won this tournament in 2013 with the two gunslingers in an all-pro lineup, said. “They are the benchmarks for me.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsHe knows that he has a diamond in the rough in Wright, though, and Reyes also has one player in mind who is better at that shooting guard spot for the national team at this time.“For me, the ideal shooter (for the international game) is Marcio Lassiter,” Reyes said. “He is a great shooter, he is strong, he’s tough and he’s a great defender. That’s his advantage over all of them (Fonacier and Chan included). He is a much better defender than all of them.” FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ “That’s typical of a scorer (being a weak defender),” Reyes said. “And he’s willing to learn that, to improve on that.”“In terms of overall value to the team, Marcio is better,” Reyes explained as he reiterated that defense helps teams win. “But if you talk of pure shooting alone, there’s no doubt that Matt has the edge over everyone else.”Reyes praised Wright for having the right attitude, something he made sure that the 6-foot-3 swingman possesses when he first laid eyes on him several years back in an Under-18 tournament.And with that, the Gilas coach knows that he will have the perfect player that he needs in due time, like as early as the start of the World Cup Qualifying in November back in this thriving country.Sports Related Videospowered by AdSparcRead Next Lacson: SEA Games fund put in foundation like ‘Napoles case’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim MOST READ LATEST STORIES Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Church, environmentalists ask DENR to revoke ECC of Quezon province coal plantcenter_img Don’t miss out on the latest news and information. Gilas Pilipinas’ Matthew Wright. Photo by Tristan Tamayo/INQUIRER.netTAIPEI – Is Matthew Wright the best shooter for Gilas Pilipinas?“It’s hard to say, because the measure of a great shooter is consistency,” coach Chot Reyes said on Sunday night after Wright put on a show and torched Chinese Taipei A with four triples in an 88-72 win in the Jones Cup Invitational that finally got the Filipinos on track.ADVERTISEMENT National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Air Force shoots down BaliPure Trump strips away truth with hunky topless photo tweet Cool and collected even in the most intense moments here, Wright is showing offensive skills best suited for Gilas in this tournament and he is making the opposition pay in very short instances that he is left open.Lassiter suited up for Gilas in its formative years and has never made it back since, with issues concerning his health keeping him out of the squad that played in Changsha, China, in the last Asian Championship.But Reyes likes what he sees, like Wright’s attitude and focus.“He’s willing to learn, he has the tools, he’s athletic and very smart,” Reyes said when asked if Wright is getting to the level that Lassiter is at now.And the first thing Reyes wants is for Wright to be able to defend better.ADVERTISEMENT View commentslast_img read more

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