Numbers

Seniors Facing Financial Pressure Turn to Workforce in Record Numbers

Palm Harbor, Florida – Larry Gesick, a 77-year-old Vietnam veteran and great-grandfather, starts his day at 5 a.m., heading to work at Publix. Despite being retired initially, financial constraints have led him back to the workforce. His story reflects a growing trend of older adults re-entering work due to economic pressures. The rising cost of living, including groceries, insurance, and housing expenses, has pushed many seniors like Gesick to continue working. In Florida, where retirees …

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Medicare Patients Beware: New Cards and Numbers Issued to Prevent Fraud

Lancaster, Pennsylvania – Medicare beneficiaries in Lancaster have been receiving unexpected new cards in the mail, sparking concerns about potential scams. Viewers have been reaching out to the 8 On Your Side team with questions regarding these unsolicited replacements and whether they are legitimate. One viewer shared their experience of receiving a notification from Medicare stating that a new Medicare number and card were being issued due to an issue with their current number. After …

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Health Insurance Sign-Ups Soar Under Affordable Care Act: Record Numbers Enroll in 2024

MIAMI, FLORIDA – A record number of Americans have enrolled in health insurance through the Affordable Care Act, with 21.4 million individuals selecting marketplace plans in 2024. Health and Human Services Secretary Xavier Becerra highlighted the success of the program, emphasizing that more Americans now have access to quality and affordable healthcare than ever before. Becerra praised President Biden’s efforts in expanding healthcare coverage, particularly for working individuals across the country. In Florida alone, over …

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401(k) Emergency Withdrawals Skyrocket Amid Rising Inflation Crisis: Vanguard Data Shows Record Numbers Making Tough Financial Decisions

New York, USA – In response to the ongoing inflation crisis, a growing number of Americans are resorting to emergency withdrawals from their 401(k) retirement plans to mitigate financial hardships. Data from Vanguard Group reveals that nearly 3.6% of workers with employer-sponsored 401(k) plans made “hardship” withdrawals in 2023, representing a significant increase from previous years and marking the highest level since data tracking began in 2004. Hardship withdrawals allow individuals to access their 401(k) …

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Retirement: 2024’s Record Numbers and Potential Recession

New York, NY – As retirement rates hit record numbers in 2024, the U.S. economy could potentially face the threat of a recession. According to the latest data, more Americans than ever are reaching the age of 65, drastically reshaping the landscape of retirement in the country. Amid this demographic shift, there’s a growing concern about the potential economic consequences. This demographic trend is altering the dynamics of the workforce and raising questions about the …

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