Today’s top news headlines feature the ways in which many retirees may be impacted by the national debt crisis and the states suffering most from unemployment. Plus, find out what financial experts have to say to Americans with little savings.

Debt Ceiling Crisis May Impact Retirees’ Savings CNN Money Many financial advisors are trying to ease the fears of their retired clients, but the impending national debt crisis may have a negative impact on many Americans’ nest eggs. Many retirees who are holding U.S. Treasuries fear that a downgrade in the country’s credit rating will add more risk to these traditionally safe investments. In response, many advisors are urging clients to diversify their portfolios to better protect themselves.

Unemployment Rates Vary Considerably From State to State The Huffington Post The nation as a whole is struggling to dig itself out of the current unemployment crisis, but some states are worse off than others, according to new data. Nevada, California and Rhode Island carry the highest unemployment rates in the country at 12.4, 11.8 and 10.8 percent, respectively.

Experts Advise Americans To Start Saving Now The New York Times Recent studies have revealed a large number of Americans in all age ranges have little to no savings, and experts advise individuals to stop worrying about past financial mistakes, and start putting money away immediately. Professionals encourage adults to look at previous spending habits that may be hurting their ability to manage their money responsibly, and instead develop a financial plan that allows them to outline specific goals and track their progress.

Frank-Dodd Reform Deadlines Have Come and Gone, Leaving Many Provisions Behind Credit.com A recent study reveals 130 of the 163 reforms included in the Frank-Dodd legislation were not implemented prior to the July 21 deadline. Some of these changes involve stricter regulation of certain trading sectors. In addition, regulators have failed to publish a number of revealing studies.

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