Economy

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Many People's Rainy Day Funds Might Not Weather Emergencies, Study Says

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More Americans are acknowledging the need to have a rainy day fund, but say they lack adequate savings to weather a financial emergency, according to a study.

Ex-Lehman CEO Fuld Says 27,000 Employees Were Risk Managers

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Lehman Brothers Holdings Inc. had 27,000 risk managers -- the firm’s stockholding employees -- before it collapsed in 2008, former Chief Executive Officer Richard Fuld said.

U.S. Company Pensions Less Solvent In 2014: UBS

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U.S. corporate pension funds turned less solvent in 2014, approaching risky levels based on regulations, as their liabilities ballooned by more than $180 billion, UBS says.

U.S. Consumers Need To Do More, MFS Economist Says

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Consumers are the main reason U.S. economic growth has been stuck at 2 percent, said MFS economist Erik Weisman.

World's Workers Put Off Retirement Planning

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Retirement savings shortfalls challenge workers, employers, and governments from Canada to China, according to a new survey.

World's Elderly Staging Heists And Robbing Banks

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Loneliness and poverty are two factors blamed for increased criminal activity among senior citizens in Europe and other parts of the world—although not in the U.S.

Financial Vulnerability Haunts U.S. Families After Crisis

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Five years after the recession ended, many Americans still teeter on the financial brink, barely prepared to handle an emergency expense and aging toward retirements they haven’t saved for.

That Post-College Bartender Job Could Stunt Your Career For A Decade

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An analysis by the Economic Policy Institute finds the Class of 2015 will likely see lower wages than cohorts that graduated into better job markets for as long as 15 years.

If Your Clients Are Still Paying Children's Bills, They're Not Alone

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In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation, up from 18 percent the year before.

Six Reasons You Should Be Paying More Attention To Canada

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The Canadian economy and financial markets are one of the most underutilized barometers of global economic activity.

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