Money

Where Do Our State Tax Dollars Go?

Understanding where state tax dollars go ― and the trends in state spending ― can help state policymakers make good decisions about how to pay for important services now and in the future. States help educate the nation’s children, build and repair its roads and bridges, provide health coverage to low-income families and their children,

The Cost of Diabetes in the U.S.

Diabetes, also called; diabetes mellitus is a disease in which the body’s ability to produce or respond to the hormone insulin is impaired, resulting in abnormal metabolism of carbohydrates and elevated levels of glucose in the blood and urine. Consult a doctor for medical advice Most common types Type 2 diabetes: A chronic condition that affects

Average Cost of Incarceration

The fee to cover the average cost of incarceration for Federal inmates in Fiscal Year 2014 was $30,619.85 ($83.89 per day). (Please note: There were 365 days in FY 2014.) The average annual cost to confine an inmate in a Residential Re-entry Center for Fiscal Year 2014 was $28,999.25 ($79.45 per day). 28 CFR part

Plan for the Future – Meet MyRA

If you can’t access a retirement plan sponsored by your job or you lack other retirement savings options, you could be eligible for a MyRA account. MyRa is a new retirement savings plan backed by the U.S. Department of the Treasury. It’s an investment plan with: no risk of losing money no start-up costs or

Beware of ‘ATM Skimmers’

ATM skimming is a growing criminal activity that some experts believe costs U.S. banks hundreds of millions of dollars annually. “ATM skimming” — basically placing an electronic device on an ATM that scoops information from a bank card’s magnetic strip whenever a customer uses the machine. ATM skimming is a growing criminal activity that some

Protecting Your Online Brokerage Accounts

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help investors protect their online brokerage accounts from fraud.  As with all web-based accounts, investors should take precautions to help ensure that their online brokerage accounts remain secure.  These online security tips can help. Pick a “strong” password, keep it secure,

U.S. National Debt – Where does it come from?

Where does our national debt come from? One of the fundamental things to understand when considering the debate about reducing our national debt is how we accumulated so much in the first place. To explain the impact various policies have had over the past decade, shifting us from projected surpluses to actual deficits and, as

Inflation In Economics

In economics, increases in the level of prices. Inflation is generally thought of as an inordinate rise in the general level of prices. Four theories are commonly used to explain inflation. The quantity theory, promoted in the 18th century assumes that prices will rise as the supply of money increases, refined, arguing that the prescription

Consumer Financial Protection Bureau ~ Ready to Help Consumers

The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products The Consumer Financial Protection Bureau (CFPB) hit the ground running this

Many Children Fall Out of the Middle Class as Adults

A middle-class upbringing does not guarantee the same status as an adult, according to a new report by Pew’s Economic Mobility Project. Downward Mobility from the Middle Class: Waking Up from the American Dream considers potential factors that cause a third of Americans who grow up in the middle—defined as those between the 30th and

Census Bureau Reports State Government Revenue up 79 Percent in 2010

Total state government revenue increased to $2.0 trillion in 2010, up 79.0 percent from $1.1 trillion in 2009, resulting mainly from large increases in social insurance trust revenue, according to the latest findings from the U.S. Census Bureau. After a substantial loss in earnings in 2009, trust systems showed earnings of $450.5 billion in 2010,

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