Struggling

Retirement Woes: Many Americans Struggling to Afford Golden Years, Study Finds

Los Angeles, CA – Many Americans are finding it increasingly difficult to save enough money to retire comfortably. With rising costs of living and stagnant wages, people across the country are facing a retirement crisis. According to recent studies, a large number of individuals are struggling to afford retirement, with implications for both current and future generations. The issue of retirement savings is one that impacts individuals from all walks of life. From blue-collar workers …

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Retirement Rule Update Promises Secure Savings for Struggling Americans

Washington, DC – The Biden-Harris administration has recently implemented a new Retirement Security Rule to aid individuals in saving for their retirement. This rule updates the definition of a fiduciary, ensuring financial advisors follow a specific code of ethics. The goal is to provide individuals with prudent, loyal, and honest advice without imposing hefty fees. Acting Secretary for the U.S. Department of Labor, Julie Su, emphasized the importance of protecting retirement investors from improper recommendations …

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Social Security Administration Office Closure in Portland Leaves Low-Income Residents Struggling

Portland, Oregon – The closure of the Social Security Administration office in Southwest Portland has left many Portlanders facing challenges in accessing benefits, with no clear timeline for when the office will reopen. This closure has added to the difficulties faced by individuals like Vern H., a 56-year-old Portland resident, who rely on these benefits to make ends meet. He expressed that a visit to the Social Security office could have helped him save money …

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Inflation Impact: Study Shows Americans Struggling to Save for Future Amid Rising Prices

Minneapolis, Minnesota – A recent study by Allianz Life revealed that chronic inflation is taking a toll on the financial well-being of millions of Americans, hindering their ability to save for the future. The study found that rising prices for everyday goods are forcing many households to dip into their retirement savings, accumulate credit card debt, and reduce their savings for the future in order to maintain their current lifestyle. According to the report, nearly …

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Health-Care Cyberattack Leaves Patients Struggling to Access Prescription Medications

Atlanta, Georgia – A recent cyberattack on a health-care company has caused significant disruptions for patients seeking to refill their drug prescriptions. The attack has led to various challenges for consumers, including the need to pay out-of-pocket for expensive medications, difficulties in using pharmaceutical discount coupons, or even the inability to access their refills altogether. The chaos stems from a ransomware attack on a lesser-known company known as Change Healthcare. This company reportedly processes a …

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Steward Health Care’s Struggling Finances Raise Concerns Over Community Hospital Funding

Methuen, MA – As Steward Health Care faces dire financial challenges, it sheds light on the unequal landscape of medical insurance reimbursement in the state. The for-profit healthcare system, which runs Holy Family Hospital, has been vocal about the inadequate funding that puts community hospitals at risk. Steward has warned about the broken hospital marketplace and the need for bold actions to address the issues. The hospital system’s financial struggles include reports of being $50 …

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