Social Security Statements Move Online

Social Security Statements Move Online

As of 2011, your annual Social Security statements are no longer being mailed to your home. Did you get that memo? I didn’t and neither did you since the Social Security Administration didn’t send one. What they have done instead was introduce online access to your statements beginning the week of May 29, a move that could save the government more than $70 million each year. According to a Reuters article, more than 130,000 individuals have signed up as of May 10.
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Is Stealing Food For Your Family Okay

Is Stealing Food For Your Family Okay?

No fluffy introduction here, I’m getting right to the point, because I really want your opinion this time.  If you had children, was out of work on disability but not receiving enough money to pay for all the necessities of life, would you steal food for your children?

I ran into a story of a women who was arrested for stealing food.  Instead of having the book thrown at her, there has been an “outpouring of love and food” – at least temporarily – from the community.  I’d like you to read the story and then put yourself in her shoes. […]

15% of Americans Are Poor

15% of Americans Are Officially Poor

I’ve been talking quite a bit about poverty this week, and this is why. The latest Census Bureau figures show that 15% of Americans are poor, a term used for families earning up to $21,765 for a family of four. That’s up from 14% in 2009. That figure is even more pronounced in population centers across the country, like New York, Los Angeles, Dallas and Chicago. One in five New Yorkers (20.1%) now live in poverty in one of what is arguably one of the most expensive cities in the country.  The major cause?  The consequences of the Great Recession, of course.

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Top Corporations That Pay No Taxes

Top Corporations That Pay No Taxes

Taxes.

I hate them and you hate them but we somehow manage to pay them. As a single person with no kids, no dependents, no house with a mortgage, and making a decent salary, I probably pay more than my fair share. But, that doesn’t compare to what corporations pay…or does it? We’d like to think that large corporations making millions and millions of dollars every year have no problem dropping a little summin’ summin’ into the hat of Uncle Sam every now and then, but you and I are being fooled.  While the Federal tax rate for corporations is always quoted at being 35%, unless you’re a small business without a gang of accountants behind you, many corporations are not paying anywhere near that amount.  If you think that Bernie Madoff had a good scam going, wait until you see the top companies paying no taxes. […]

U.S. Postal Service

Will the U.S. Postal Service and Post Offices Shut Down?

I don’t know why they didn’t see this one coming, but the internet is affecting the U.S. Postal Service so adversely that the Postmaster General is threatening to shut down services by the fall if they don’t receive a Federal bailout and debt restructuring agreement. According to the Postmaster General, costs associated with employees and funding their retirement is pushing them into serious debt, but I’d like to dispute that.

Employers are always quick to blame pensions on their financial woes, but their sales have been declining for years! I don’t which planning manager at the U.S.P.S. did not see e-mail as a possible threat to its regular mail business? While that part of their business model might have declines, their package service has increased due to the rise in internet sales. Amazon and eBay package shipments alone should have pushed quite a bit of customers through their doors to use the package service. […]

Recession Creates Record Wealth Gap Between Whites and Minorities

Recession Creates Record Wealth Gap Between Whites and Minorities

The Great Recession didn’t just bring us the Tea Party, foreclosures and a return to frugality.  According to the Pew Research Center the Great Recession decimated the net worth of blacks and Hispanics, further widening the wealth divide between whites and minorities.  Up until the housing meltdown, blacks had 10 cents of wealth for every dollar of wealth held by whites. The median wealth of white households is now 20 times that of black households, and 18 times that of Hispanic households.  This gap is the widest that it has been since the government began tracking and publishing its Survey of Income and Program Participation 25 years ago. […]

Texas Man Gets $330K Home for $16

Because you just can’t make this stuff up…A Texas homeowner walked away from their home and mortgage. The mortgage company subsequently went out of business. In stepped this Texas man that some are calling a squatter who filed $16 worth of paperwork, walked into the house claiming adverse possession, and if he stays there three years uncontested, will own this house. […]

CEO Salaries Rise Faster Than Average Workers

CEO Salaries Rise Faster Than Average Workers

The economy is back in full swing if you’re a CEO that is. According to a NY Times report, the average CEO pay rose in 2010, which was not surprising since companies are finally regaining financial footing. What surprised the Times was the amount by which executive compensation rose. According to their information, the “median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009.” Yes, a 23% increase. How are you doing with your 1%? […]