Moving and Retirement
Where We Stand: Partial Draft of Democratic Party Platform Already Voted Upon By Delegates; Covid-19 Pandemic Is a Prime Focus
"In a public health crisis, we all have to rely on each other. That’s why Democrats support making 9 COVID-19 testing, treatment, and any eventual vaccines free to everyone, regardless of their wealth, insurance coverage, or immigration status. We are all only as safe from this disease as are the most vulnerable among us. It has always been a crisis that tens of millions of Americans have no or inadequate health insurance — but in a pandemic, it’s catastrophic for public health." Democrats believe the federal government should pick up 23 percent of the tab for COBRA insurance, which keeps people on their employer-sponsored plans." The Republican Party Platform issued their statement: WHEREAS, The RNC has unanimously voted to forego the Convention Committee on Platform, in appreciation of the fact that it did not want a small contingent of delegates formulating a new platform without the breadth of perspectives within the ever-growing Republican movement...RESOLVED, That any motion to amend the 2016 Platform or to adopt a new platform, including any motion to suspend the procedures that will allow doing so, will be ruled out of order ..." more »
GAO* Report on Retirement Security: Older Women Report Facing a Financially Uncertain Future
GAO* was asked to report on the financial security of older women. This report examines women retirees' perspectives on their financial security, and (2) what is known about the financial security of older women in retirement. Women also cited a range of experiences that hindered their retirement security, such as divorce or leaving the workforce before they planned to. Women in all 14 focus groups said their lack of personal finance education negatively affected their ability to plan for retirement. Many shared ideas about personal finance education including the view that it should be incorporated into school curriculum starting in kindergarten and continuing through college, and should be available through all phases of life. more »
The GDP: Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update
Personal Income and Outlays: Current-dollar personal income increased $1.39 trillion in the second quarter, compared with an increase of $193.4 billion in the first quarter. The increase in personal income was more than accounted for by an increase in personal current transfer receipts (notably, government social benefits) that was partly offset by declines in compensation and proprietors' income (table 8). ... Disposable personal income increased $1.53 trillion, or 42.1 percent, in the second quarter, compared with an increase of $157.8 billion, or 3.9 percent, in the first quarter. Real disposable personal income increased 44.9 percent, compared with an increase of 2.6 percent. more »
Stateline: Search and Rescue Teams, Already Stretched Thin, See Surge in Calls
Nearly all search and rescue missions in the United States are handled by volunteer teams, who mostly pay for their own equipment and work under a patchwork of guidelines and government oversight that can vary widely by state. The pandemic has led some older and higher-risk members to stay home, while others who have lost work or changed jobs no longer have the money or flexibility to deploy. “We've been very taxed,” Cashin said. “When COVID came out, I really thought our rescues were going to drop through the floor. But we're actually having a record year at this point, with a diminished capacity to respond. It was like the floodgates opened. It's been rescue after rescue after rescue, and it's not stopped.” In response, lawmakers in several states are considering proposals ranging from providing state funding for programs and workers’ compensation insurance for volunteers to charging people for their rescues. more »