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Despite Concerns, Retirement Confidence Remains Steady

Nearly three quarters of workers and 77% of retirees in a recent survey said they remain at least somewhat confident that they will experience a comfortable retirement, according to the Employee Benefit Research Institute. Nevertheless, a third of workers and a quarter of retirees felt less confident this year due to the economic effects of […]

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High Inflation: How Long Will It Last?

In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.(1) It’s not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to be the […]

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Federal Student Loan Repayment Postponed for Sixth Time

On April 6, the U.S. Department of Education announced a record sixth extension for federal student loan repayment, interest, and collections, through August 31, 2022.(1) The fifth payment pause was set to end on April 30, 2022. The six extensions have postponed federal student loan payments for almost two and a half years — since […]

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Is the Russia-Ukraine War a Threat to the Global Economy?

Before Russia stunned the world by invading Ukraine, it was widely believed that the economic ties formed through globalization would help promote peace. But the war is testing that assumption and drawing attention to the vulnerabilities in far-flung supply chains, which were already under pressure because of the pandemic and recovery. In response to the […]

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Federal Student Loan Borrowers Get Expanded Relief in CARES Act

On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.(1) Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For […]

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CARES Act Relief for Small Businesses

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. A significant amount of relief has been designated for small businesses. Changes are anticipated and further guidance is expected to follow. The following are highlights of the Small Business provisions of the bill. Paycheck Protection Program (PPP) This […]

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