You only get one shot at retirement: Plan accordingly

One of the biggest regrets, of course, is not saving enough, especially when they were young. The power of compound interest is critical in retirement — you would have so much more in that retirement account had you been serious about saving in your 20’s or 30’s and not waited until your 40’s or, for […]

How the Safety Net Cuts Poverty Rates

Without Social Security, the poverty rate among senior citizens in the U.S. would be more than 50 percent; instead, it’s just 14.6 percent. For people of all ages, food stamps cut the poverty rate by about 10 percent, and they reduce poverty among those under 18 by even more than that. And refundable tax credits, […]

Welfare programs shown to reduce poverty in America

Food stamps. Unemployment benefits. Social security. Earned income tax credits. Do these social welfare programs work? Yes, according to a new study from the Pew Charitable Trusts. Safety nets like food stamps prevent millions more people from struggling to put food on the table, says Jake Grovum, who analyzed the data for the Pew Charitable […]