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To Encourage Saving, Some States Turn To Prizes

(MCT) — Nearly a dozen States believe they’ve found a way to encourage people to save more money — and have fun doing it. And the idea costs not a dime in State funds. Four States — Michigan, Nebraska, North Carolina and Washington — now allow credit unions to offer cash prizes as an incentive […]

Consumers Are Padding Their Checking Accounts

(MCT) — With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the past 25 years. The defensive stance, uncharacteristic of previous periods of low inflation and an improving economy, reflects how debt-burdened Americans have striven to clean up their personal finances […]

Business Economists Say Sales, Hiring And Pay Are Up

WASHINGTON (MCT) — More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday. After a dismal winter in which bad weather derailed a recovery from the recession, respondents to the National Association for Business Economics survey […]

Tax Inversion Threatens States’ Revenue

(MCT) — American companies that merge with foreign competitors to lower their Federal taxes also cut their State taxes, leaving States to mostly watch helplessly as their tax revenue drains away. A rash of companies has been buying up foreign competitors and then moving their “parent” companies to the foreign sites, a tactic known as […]

College Graduates’ Starting Salaries Lag Behind The Rest

(MCT) — Starting salaries for recent college graduates have risen far more slowly than the average earnings of all U.S. workers since the recession, an analysis by the Federal Reserve Bank of San Francisco found. The study, released Monday, found that median earnings for recent college graduates rose only 6 percent from 2006 to 2013, […]

Pig Producers’ Fight Over Drug Looms Over Trade Talks

WASHINGTON (MCT) — R.C. Hunt, who has raised pigs for 50 years in North Carolina, offers no apologies for a common practice in the U.S. pork industry: mixing feed with a controversial drug that makes the animals grow leaner in the final weeks of their lives. With the Food and Drug Administration allowing farmers to […]

Americans Feeling More Confident About Finding Better-Paying Jobs

(MCT) — A Gallup poll found that 35 percent of Americans think now is a good time to find a quality job — one with a higher wage. That may not seem like much, but the July reading is the highest since December 2007, the start of the Great Recession, and a little better than […]

More Millennials Are Living With Their Parents

(MCT) — More Americans than ever live in multigenerational households, and the number of millennials who live with their parents is rising sharply, according to the Pew Research Center. A record 57 million Americans, or 18.1 percent of the population, lived in multigenerational arrangements in 2012, Pew said in a study released Thursday. That’s more […]

Most Voters Think Market Is Rigged, Poll Finds

WASHINGTON (MCT) — Nearly two-thirds of voters say the stock market is rigged against them and a majority say Wall Street and big banks hurt average Americans, according to poll results released Thursday by a pro-regulation group. The survey commissioned by Better Markets also found that 60 percent of voters support stricter Federal regulation of […]

Home Foreclosures Fall To Pre-Bubble Level

(MCT) — Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a […]

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