Financial related news.
Here's an illustration of the many ways slow payment systems can inconvenience you and cost you money. Let's say Homer is two days from payday. The family checking account at First Bank of Springfield is on fumes. There's just enough in the account, Homer thinks, to gas up his Plymouth sedan and buy Bart a [...]
Business owners are struggling to communicate the benefits of their 401(k) plans to their employees, according to a recent survey from Nationwide. More than half, or 53 percent, of respondent business owners say they struggle with communicating the benefits and encouraging participation among its workforce. "Our latest survey shows employers are struggling to communicate the [...]
Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It's a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number of employers are stepping in to help. About 8 percent of employers [...]
The Social Security Administration will happily forecast your future monthly retirement check. Trouble is, it's often off the mark. Understanding the sometimes-flawed assumptions underlying the estimate can help you make smarter decisions about when to claim your benefit. First, of course, you should know how to access those estimates. You can find yours online by [...]
Central Ohio’s unemployment rate was 3.7 percent last month the same as for September 2018, according to data the Ohio Department of Job and Family Services released Tuesday. The rate is not seasonally adjusted. Ohio’s seasonally adjusted unemployment rate was 4.2 percent last month compared with 4.1 percent in August and 4.6 percent in September [...]
WASHINGTON — When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family's boat moved through the harbor a few years ago, Munger, whose father is a billionaire investor, saw that many of her [...]
A duo in the Ohio House of Representatives has proffered a plan to spur commercial driver training to attempt to put an end the state’s 15-year driver shortage, which, according to industry insiders, has skyrocketed in recent years. Reps. Stephanie Howse, D-Cleveland, and Reggie Stoltzfus, R-Minerva, recently made the case for a measure that would [...]
A night out to the movies. A new shirt. Groceries. These are all things for which many people would gladly fork over $35. But overdraft fees? Not so much. And yet, that's the average fee the country's largest banks charge customers who overdraw their accounts, according to a NerdWallet study. These fees occur when banks [...]
TOLEDO — Four weeks into the United Auto Workers' strike against General Motors, employees are starting to feel the pinch of going without their regular paychecks. They're scaling back at the grocery, giving up on eating at restaurants and some are taking on part-time jobs while trying to get by on weekly strike pay of [...]
WASHINGTON (AP) — With the nation's unemployment rate at its lowest point since human beings first walked on the moon, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating and igniting inflation. That's what the rules of economics would suggest. Yet the Fed is moving in precisely [...]