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Economic Uncertainty is Driving Baby Boomers Back to the Workforce

Allwork

sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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The Future Of Work Is Remote: Location Independence Now A Decisive Factor for Top Talent

Allwork

According to FlexJobs’ 2024 Work-From-Anywhere Survey , a significant 75% of respondents would opt to utilize a work-from-anywhere policy if offered by their employer — even if it meant accepting lower pay, longer hours, or fewer vacation days.

Lifestyle 265
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The 6 Biggest Financial Mistakes to Avoid in Your 30s

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It could be down payment money for a home, putting [funds] toward a young child’s education or investing in retirement. A survey from Debt.com found that millennials carry the highest debt load—13% of that age group have accrued $10,000 to $30,000 in debt. However, it’s not just lifestyle creep that’s causing this growing debt.

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4 Smart Money Moves to Plan for Financial Security

Success

A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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How to Know If You’re Financially Ready to Start a Business

Success

Unfortunately, the odds aren’t necessarily in their favor: A survey of pandemic entrepreneurs found that more than half believe their business will fail within the year without extra aid. After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground.

Expenses 342
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Can COVID Booster Shots Save Your Business? 

Allwork

According to a Kaiser Family Foundation survey , less than a third intend to get the new boosters. A CDC survey from June 2022 shows that 7.5 billion California Public Employees’ Retirement System. . This term refers to a dangerous judgment error — a cognitive bias — that downplays the costs of inaction in our minds.

2022 246
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Why the over 50s are leaving the workforce in huge numbers

Workplace Insight

Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. Surprisingly, the silver exodus is not concentrated in the richest segments of society – even though one might expect that they would be the most able to retire. So what’s going on?