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Retirement? Four in 10 Americans don’t see it ever happening

Almost 40% of Americans lack confidence they will ever save enough money to retire. That number climbs even higher among older Americans, age 54 or more.

That’s despite nearly one in five Americans who said having enough money saved to be able to retire is their most important financial goal, according to a survey of 1,000 adults conducted by LendEDU in May.

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Firefighters Better Able to Track On-The-Job Exposures to Deadly Carcinogens and Behavioral Health Impacts

New mobile app gathers valuable physical and behavioral health data to help firefighters battle occupational disease.

Chantilly, VA. Firefighters and Paramedics on the frontlines protecting their communities now have a valuable tool for recording and providing evidence of work-related exposures to help protect them against deadly cancers and other occupational hazards in the fire service.

The new National Fire Operations Reporting System (NFORS) Exposure Tracker is now available as a mobile app for firefighters, paramedics and officers so that they can create a personal diary for logging both physical and mental exposures and incident details in a private, encrypted and secure online environment.

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THE IMPLICATIONS OF SOCIAL SECURITY’S “MISSING TRUST FUND”

As policymakers consider restoring financial balance to Social Security, understanding the reason for the shortfall is important. If the cost of currently scheduled benefits simply exceeds what today’s workers are paying into the system, the traditional proposals to reduce benefits or raise payroll taxes would be most relevant. However, the cause of the shortfall lies elsewhere. Specifically, the program’s “pay-as-you-go” approach – with the exception of the recent build-up and spend-down of a modest trust fund in anticipation of the baby boom – makes the program expensive. This financing approach is the result of a policy decision in the late 1930s to pay benefits far in excess of contributions for the early cohorts of workers. The decision essentially gave away the trust fund that would have accumulated and, importantly, gave away the interest on those contributions. This brief, based on a recent paper, explores the implications of the “Missing Trust Fund.”

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