12/24/2023 0 Comments Bus to graton casino from san joseNY Times notes that Older Americans from Black, Hispanic, and Indigenous backgrounds exhibit elevated poverty rates, particularly among women, and especially when they are unmarried. The US Census Bureau notes that as per the US Census data in 2022, 12.4% of Americans now live in poverty. This isn't a surprise, considering living costs are only rising and many of the pandemic aid programs have now come to an end. The study notes that the number of participants taking hardship withdrawals has been increasing by 36% year-over-year, with the average participant hardship amount being $5,050 as of Q2, 2023. The Pulse Monitor tracks the behavior of participants in Bank of America Corporation (NYSE:BAC) 's record keeping clients' employee benefits programs, which encompasses over 4 million participants as of June 30, 2023. Meanwhile, while average 401(k) balances have increased by $7,250 since 2022, the Bank of America Corporation (NYSE: BAC) Participant Pulse Report 2023 notes that more and more 401(k) participants are initiating withdrawals from their plans. Mary Johnson, Social Security and Medicare policy analyst, Senior Citizens League. "What we are hearing from our surveys is the household budgets went up by more than the amount of their COLA - that is what is worrying people today.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |