Many worry Social Safety will run out of cash. Why that will not occur

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Most Americans are concerned about running out of Social Security during their lifetime, and those fears only got worse amid the Covid-19 pandemic.

That’s according to a survey by the financial services company Nationwide, which found 71% of adults feel this way. Fears about the benefit program were greatest among Generation X at 83% and Millennials at 77%, while only 61% of baby boomers agreed.

In addition, 47% of millennials said they believe they are “not getting a penny from the benefits they deserve”.

Many Americans – 59% – say they are more pessimistic now if the program is no longer supported after the pandemic outbreak. Meanwhile, 19% say Covid-19 caused them to rethink their plans to get benefits, with 11% planning to postpone filing and 9% planning to submit an earlier application.

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The trust funds that Social Security relies on to pay benefits have become scarce. The last official projection stated by the Social Security Administration that these funds could be used up in 2035, then 79% of the promised benefits would be payable. That estimate weighed all the effects of a pandemic.

Still, fears that the program would dry up and the performance reviews would end are unfounded, said Shai Akabas, director of economic policy at the bipartisan Policy Center.

“A lot of people hear the words bankrupt or bankrupt and automatically assume that the program will just go away,” Akabas said.

“The reality is that social security has been around for over 80 years and has more support than any other government function,” he said. “It’s very unlikely to go away anytime soon.”

While there is likely to be a solution, it takes Congress a long time to act. That can create uncertainty for Americans trying to plan their retirement, Akabas said.

The sooner the legislature acts, the less dramatic these changes can be. Higher taxes, benefit cuts, or a combination of both are among the adjustments they would likely consider.

“It’s not that serious or significant that the program will go away,” Akabas said. “But it’s also not a simple solution that we can wait for the last minute and just patch it overnight.”

Research suggests that benefit cuts would likely be less than 25% if they happen at all, said Joe Elsasser, founder and president of Covisum, a company that makes social security claims.

To calm these fears and enable people to plan, Covisum offers recently launched an online tool to show how cuts in social security benefits would affect a person’s monthly checks. It is noteworthy that the computer does not contain a scenario in which the advantages are completely eliminated.

“The probability that it will go to zero is as close as possible to zero,” said Elsasser.

Nationwide’s survey was conducted online from the Harris Poll between April 19 and May 7. It comprised 1,931 US adults.

Face your concern as a result of cash can purchase happiness

Investing is scary. Not Freddy Kruger scary, but scary in the way things are when we don’t do them very often – like getting insurance or giving a laudatory speech.
But investing is one of the necessary evils of modern life. That means one thing: new investors have to face their fears and look under the bed. There are no monsters lurking there if you invest properly.

The scariest part could be all of the questions a new investor has. How much do i need to retire? Pay school? Buy a house? And that leads to further questions. Is a Home an Investment or an Asset? What is an asset anyway? And then: am I a growth investor or a value investor? Do I like the thrill of trading, or does a sharp drop in a single stock make me feel sick? How much money will it take? Is there anyone who can help me? Is there anyone I can trust who can help me?

So many questions and most of them are for later. It is best to start at the beginning: why invest at all?

This question is easy to answer. Because up to a point money can buy happiness. Really. That’s what researchers say. Having enough money compared to too little can improve happiness. Nobody wants to worry. And people want to look forward to things like home ownership and retirement.

And it is possible to have enough money. A little savings, a little effort, and the magic of compound interest can make this trip to Venice for a milestone birthday possible – even while the kids are at school.

In this video I tell you more about how to get started. But first a pop quiz:

How much do you have to invest every month to become a millionaire at 65?

For the answer and much more: Clock.

UK consultants worry an increase in on-line playing hurt

EXETER, ENGLAND – MARCH 18: A sign is displayed in the window of a high street bookmaker listing the canceled sporting events on March 18, 2020 in Exeter, England.

Dan Mullan / Getty Images

LONDON – Since the outbreak of the coronavirus pandemic, UK gaming companies have increasingly tried to strengthen and expand their online offerings.

The closure of commercial and social venues and the persistent cancellation of major sporting events have fundamentally changed the gambling landscape around the world.

For example, even though most of the physical stores have been closed for the past 12 months, FTSE 100-listed Ladbrokes owner Receive Core earnings grew 11% to £ 843.1 million ($ 1.19 billion) through 2020, of which £ 803.5 million was due to a 50% increase in online gaming.

The company’s stock hit a record high at £ 17.25 per share in late April, up more than 36% year-to-date as of Monday’s close. It is currently up around 124% from its recent low during the first Covid-induced crash in March 2020 888 holdings, Rank group and Gamesys have all played strong since last March. Meanwhile, Bet365 CEO Denise Coates posted an annual salary package of £ 469million last year, one of the highest in the UK’s corporate history.

However, given the increased isolation, boredom, stress, anxiety or financial worries many people experienced during the pandemic, concerns about a possible spike in addiction and harmful gambling have also emerged.

The Gambling Commission, the UK’s regulator, found that during the pandemic, fewer people gambled, many already committed online gambling consumers moved into new activities and spent more time and money betting.

The Commission noted that engaging in a wider range of gambling activities may correlate with higher levels of “medium risk and problems gambling” and expressed particular concern about the increased prevalence of online slot machines.

Dependence on the vulnerable

Matt Zarb-cousin, co-founder of Gamban, a software provider that blocks access to gambling sites, told CNBC that the cancellation of sporting events and the tripling of digital advertising since the UK was first blocked in March last year has attracted many casual gamers more intense activities such as slots and casino games.

“By and large, the business model is to get people to bet on football, racing, or sports in general, do so with a very small margin – sometimes not at all, sometimes even with a loss leader – and so many of them to get people to the slots and casino games as possible, where there is a significantly higher margin and these are addicting products, “explained Zarb-cousin.

He also noted that while gambling companies allow customers to exclude themselves from their services if they are concerned about the extent of their gambling, they actually depend on a very small proportion of customers who are most responsible for a significant percentage of sales are at risk.

LONDON, ENGLAND – JUNE 16: A general view inside the Ladbrokes betting shop on Putney High Street as betting shops reopen in front of Royal Ascot on June 16, 2020

Andrew Redington / Getty Images

A study carried out last year by researchers at the University of Liverpool found that across all UK gambling companies, the 5% of the highest annual spending accounts that Zarb-cousin identified as those at the highest risk for damage from gambling generated 86% of the accounts GGY of the companies (gross gaming return).

Slot machines and casino games accounted for 93% of the GGY from online gambling among the operators participating in the study, while gambling products were also more likely to be used by people from areas with higher levels of deprivation. According to the study, players from the UK’s most deprived areas had disproportionately high spending on GGY.

Meanwhile, most account holders have either made money or lost a modest amount over the year, with 84.5% of account holders spending less than £ 200 over the year. The study found that 1.4% of accounts had more than 20 separate bets placed on an average betting day.

No disruption, little regulation

The UK government is currently conducting a review of the Gambling Act 2005, the basis of all gambling regulations, to test its suitability for the digital age.

Gambling companies in the UK have grown exponentially over the past decade as smartphones made online gambling ubiquitous. Zarb-Cousin, who himself had overcome an addiction to betting terminals with fixed odds, said the previous lax regulation had allowed these firms to become “giant monoliths” in the UK economy.

“That says a lot about our economy and our approach to regulation, and usually when you make huge profits you inevitably have more regulation or disruption,” he said.

“There has been no innovation or disruption to gambling at all, and regulation has been pretty bad in every way.”

However, he suggested that tighter regulation was inevitable in the coming years as the government scrutinized the industry further.

LONDON, ENGLAND – JUNE 1: A general view of a closed betting shop on Putney High Street as horse racing resumes competition action on June 1, 2020 in London, England

Andrew Redington / Getty Images

Industry association Betting and Gaming Council has highlighted that its members support 119,000 jobs in the UK and generate £ 4.5 billion in taxes for the UK Treasury and £ 7.7 billion for the UK economy in terms of gross value added.

In addition to substantial contributions to sports sponsorship, BGC members have allocated £ 10 million to the Youth Gambling Damage Prevention Program and £ 100 million to address problem gambling by 2024.

A BGC spokesman told CNBC that the agency welcomes the review of the Gambling Act and the government’s assurance that it is an “evidence-based process”, noting that the overall rate of problem gambling has been stable at 0.5 for 20 years % lies. according to the latest government data.

“During the pandemic, the number of safer gambling messages on betting websites has more than doubled, while the number of direct interventions, where customers spent more time and money than before, has increased by 25%,” the spokesman said.

“We hope the Gambling Review does not safely strike a balance between properly protecting the vulnerable and jeopardizing the enjoyment of the millions of Britons who enjoy fluttering.”

Help calls become “more difficult”

Anna Hemmings, CEO of GamCare, a charity that supports gambling addiction, told CNBC that after an initial abandonment at the start of the pandemic when people were grappling with a range of other issues, the number of people calling for help has now grown steadily above the stand. Pandemic level.

“What is important is that the nature of the calls has become more difficult so that we see more mental health issues, more protection concerns, more domestic violence, etc.,” she added.

Independently of the Gambling Commission review, the Department of Health and Welfare has vowed to expand and improve the treatment of damage related to gambling to reconcile the problem of drug and alcohol addiction.

“There is a serious problem with the levels of funding for research, education and treatment. They are very, very low compared to drugs and alcohol, and they themselves have seen huge cuts in recent years,” Hemmings said, noting that further investment has been made GamCare has been a top priority in treatment programs as it awaits government review.

Along with Gamban and GamStop, a free self-exclusion program that allows players to limit their online activities, GamCare has a partnership called TalkBanStop, a program that combines advice with practical tools to help those at risk begin their recovery.

“People tend to let things get pretty bad before they seek help, and a lot of our work is trying to encourage people to get in touch earlier because the sooner you get help, the sooner you can do the damage “said Hemmings, noting that help – overall search has decreased during the pandemic due to NHS residues and reluctance to burden health services.

“We have to get the entire population back into the mode of seeking help, in which it is legitimate and positive to seek help at an early stage.”

International locations wrestle with COVID-19 surges, concern India-style disaster

SOHAG, Egypt – Countries worldwide grappling with new coronavirus surges are trying to make sure they aren’t being hit by an Indian-style disaster. They face many of the same risks, including large populations who have evaded restraint and fragile health systems that have been shaken under the strain.

In a province on the Nile in southern Egypt, hospitals have been flooded with COVID-19 patients, a major focus of a third swelling across the country. Doctors in Sohag Province warn that the health system there could collapse even if the government buys new supplies.

“I guess there isn’t a family in Sohag that doesn’t have a corona case,” said Dr. Mahmoud Fahmy Mansour, Head of the Provincial Medical Association. “We lost five doctors in a week.”

He said a scenario like India is a possibility, but “God willing, it’s a very distant possibility.”

The Egyptian government has long hesitated to impose new lockdowns and on Wednesday announced its toughest restrictions in months. It ordered cafes, restaurants, shops and malls to close at 9 p.m. and banned large gatherings for two weeks, as well as the closure of beaches and parks during the upcoming Eid el-Fitr holidays at the end of the holy month of Ramadan.

Egypt isn’t the only one seeing new infections. Globally, more cases have been reported in the past two weeks than in the first six months of the pandemic, said World Health Organization director-general Tedros Adhanom.

India and Brazil made up a large part of it, “but there are many other countries around the world that are facing a very fragile situation,” he said. “What is happening in India and Brazil could happen elsewhere if we don’t all take these public health precautions.”

India has been hit by a catastrophic spike in COVID-19 infections after its prime minister boasted of beating the pandemic and pursuing several massive bottlenecks. New cases and deaths rose nearly 30 times in March and April. The health system is overwhelmed and patients are desperate for oxygen and other supplies.

Wealthier nations find room to open up as they immunize more of their populations. But countries where vaccination was slow or minimal. They have to grapple with the question of whether to block themselves out to thwart new waves and damage their economies – all with the possibility of Indian style tragedy.

In Turkey, the number of new cases increased almost sixfold from the beginning of March and reached a high of more than 60,000 per day. The government imposed a three-week national lockdown on April 29, but liberated many sectors, allowing millions to keep working.

The numbers have plummeted, but medical experts are calling for a 28-day full shutdown of all non-essential services while only about 10 million of the more than 80 million people have been fully vaccinated.

“These restrictions were not the restrictions we asked for,” said Vedat Bulut, general secretary of the independent Turkish medical association.

Officers worry statue could possibly be offered for scrap after theft | Leisure

COLUMBUS, Ga. (AP) – An artist and official in Columbus advocate the return of a statue they fear could be sold for scrap.

A statue of a young girl in a raincoat and hat with the title “May Flower” disappeared at the weekend in downtown Columbus where it has been since 2007. Someone pried it open from the metal plate it was welded to.

“It’s a sad thing when people are made to tear sculptures off the sidewalk. I don’t take it personally, but it’s a sad thing, “said sculptor Susan Geissler WRBL-TV. “And I would probably forgive them.”

The police are investigating and a development group in the city center is hoping “for a quick and safe return of the statue without any questions.”

“At best, someone was playing a prank,” said Ed Wolverton, president of the development group known as Uptown Columbus Inc.

Peter Henderson, Geissler’s husband and business partner, said rising copper prices could motivate thieves as a bronze statue is 95% copper.

“They’re going to take a $ 10,000 sculpture and sell it in a junkyard for $ 150. Which is really sad. But they’re desperate, and that’s why they’re doing it, ”said Henderson.

Contact the reseller of this item, WRBL-TV for information on copyright information.

9 Issues to Keep in mind for ‘Concern the Strolling Lifeless’ Season 6B | Leisure

It’s been six months Fear walking death was on our TV screens (to blame for the pandemic that interrupted the show’s shooting schedule!). With the typical Walking Dead The off-season break was about three months. That hiatus was twice as long – and it’s more than possible that during this time some details of the first half of season six became a bit blurry.

The following must be observed for the coming episodes.

Dwight and Sherry are taking a break …

After Dwight (Austin Amelio) spent a very, very long time finding his wife, Sherry (Christine Evangelista), they eventually reconnected … only to go their separate ways. Turns out Dwight isn’t a huge fan of the reckless methods Sherry’s new group uses to defeat current villain Virginia (Colby minifie), while Sherry just wants to prevent another bad guy like Negan (Jeffrey Dean Morgan) from chaos. Since they could not see at eye level, they took a step back from their relationship.

… And June and John too

Perhaps even more heartbreaking is the newlyweds June (Jenna Elfman) and Johns (Garret Dillahunt) recent breakup, mostly because they didn’t even really talk about it! Convinced that he was in Lawton and was dealing with Ginny, slowly killing him and feeling guilty for not solving Cameron’s murder, John tried to convince his wife to take him back to his peaceful little hut . But June, hoping to get a hospital from Ginny for saving her life, wasn’t ready to make the trip. So John just drove off without her.

Grace probably doesn’t even know Morgan is alive

So really, every single couple on this show is struggling. While we haven’t seen Grace (Karen David) For almost the entire duration of 6A, we saw in the final scenes of episode 7 that Ginny locked her behind a false wall in Lawton. We’re not entirely sure how long she’s been there, but it seems certain that she still feels like her love is Morgan (Lennie James) is dead when he is definitely not. Oh, and she’s pregnant in case you forgot!

Al contacted CRM

While she was the woman she was in touch with, Isabelle (Sydney Lemmon), Althea (Maggie Grace) spoke to her over the radio to warn her about a building infected with bubonic plague (although Isabelle didn’t know it was Al). It is possible that Al’s investigation of CRM will continue in Figure 6B.

Strand and Alicia don’t understand each other

Blame Virginia. Survivors Beach (Colman Domingo) and Alicia (Alycia Debnam-Carey) may be the closest friends with Fear, but they’re not exactly best friends right now. As one of Ginny’s rangers, Strand kept promising that he would do “damage from within,” but Alicia got tired of waiting for him to crack down on Ginny. They argued they aren’t really well connected and they aren’t even in the same location when 6B picks up.

Morgan is getting more and more reckless

Desperate to reunite with Grace and her unborn child, Morgan becomes increasingly violent. He took down an entire convoy of Ginny’s rangers, beheaded a bounty hunter, and was willing to use young Dakota (Zoe Colletti) as a basis for negotiations with Virginia, even though Dakota tried to break away from her older sister.

Fear the Walking Dead Season 6 Episode 2 Welcome to Club Daniel Salazar Ruben Blades

Daniel plays the game of survival

Old Daniel (Rubén Blades) is back pretending to be a senile old man with amnesia. Really, he’s collecting information on Ginny to help Morgan.

Virginia is missing a hand

Ginny was having a hard time in Tank Town when she was bitten on the hand by a hiker. At first June wanted to have it turned, but Ginny managed to convince the good-natured nurse to save her by offering her anything she wanted. June naturally chose a hospital where she could treat her patients. In other interesting tidbits related to Ginny, we also found out from Dakota that Ginny killed her parents.

Beach has gone to the dark side

Without Alicia reminding him who he is, the Quicksilver Beach seems to have gone all-in on Ginny’s side. On the last episode aired, he made it clear that his loyalty was with her, and he seems ready to round up his friends and bring them back to Ginny. It remains to be seen whether this is all part of a larger plan or whether he has really been seduced by the power and luxuries of Lawton life.

Fear the Walking Dead, Sunday April 11th, 9 / 8c, AMC

Cape Worry space leaders pushing for extra grant cash as movie business booms


After a slow couple of years in Hollywood East, the lights, cameras, and action are back.

“This year, all the signs suggest that this is likely to be the best year in a decade,” said Johnny Griffin, director of the regional film commission.

Johnny Griffin, director of the regional film commission, said the productions had already spent more than $ 65 million in the community in the first three months of this year. Several productions are currently underway, including a new film that hit town last week. Griffin said preproduction for Along for the Ride will begin in the coming weeks.

“A lot of companies felt it,” said Griffin. “You let us know that you definitely look forward to seeing it again.”

Susi Hamilton is the chairman of Governor Cooper’s Advisory Board on Film, Television, and Digital Streaming. She said the numbers for the entire state were even better. 12 projects have currently been approved for government funding this year.

“We are ready to have $ 191 million in direct spend from manufacturing companies in North Carolina,” said Hamilton.

What brings the production companies back?

“The first question for you to consider for each state you are considering is what is the incentive situation?” Said Griffin.

The $ 31 million government incentive program is helping, but could that work out?

“Obviously, since we’ve seen an increase, all we have to do is make sure we have enough funding to move this forward,” Griffin said. “We don’t want to tell the productions that we no longer have any capacity.”

Hamilton said the grant money is unlikely to run out as the state overwrites excess grant money every year. Meanwhile, Senator Michael Lee is proposing a new bill that will add $ 34 million to the program.

“It would be great if it succeeded, and I think that would send a really strong message to business people that North Carolina is open to business, but if it doesn’t succeed, all is not lost,” said Hamilton.

She said there is enough money right now but Griffin wants to make sure they don’t go out in the future.

“We have the momentum we’ve been building for a couple of years,” said Griffin. “We just want to be able to move this forward at this point.”

The goal is to keep the lights, cameras, and action in Wilmington.

The state film grant program will be renewed in July. Hamilton said if Senator Lee’s bill were passed by then it would add an additional $ 34 million this year.

Anthony Mackie’s Falcon and The Winter Soldier concern | Leisure

Anthony Mackie was “scared from the beginning” about doing “The Falcon and The Winter Soldier”.

The 42-year-old actor who plays Sam Wilson / Falcon on the Marvel Cinematic Universe television series, which is coming to Disney + next month, admits he was initially afraid to take on the project.

Admitting he wasn’t sure if he should be on the Marvel series, he shared, “To be honest, I was scared from the start. I was really scared of the idea. I got on like this worked many Marvel projects and seen the end as a result, and the impact they have on people, I feared that it would affect the quality of production for television, I feared that on television you can’t do the things you can in theaters can do ‘war’ and ‘endgame’ in the theaters and hearing the connection that the audience has with these characters … that’s the dream of every actor to influence an audience and get a different view of culture and the Exposing the world around us I was really scared that I wouldn’t have the opportunity to step on that ledge like the actors before me had. “

And Anthony praised the series director, Kari Skogland, and creator Malcolm Spellman.

In the March issue of SFX magazine, he added, “But when we talked and spoke to Malcolm and Kari, I knew it was going to be different. Kari is a phenomenal leader, and Malcolm is a great writer. And Kevin Feige promised me it wouldn’t be any different. He’s not going to tarnish the Marvel brand by trying to blow out as much content as possible. And I trusted him. They haven’t disappointed me yet. So I just went for that Believe in their previous work. And I was really pleasantly surprised at how great it all turned out. “