Moving and Retirement
Fed Reserve Governor Michelle W. Bowman: The Changing Structure of Mortgage Markets and Financial Stability
"I will begin today by describing the evolving role of mortgage companies in mortgage markets and the risks to financial stability that activity entails. I will then focus on developments in mortgage markets during the COVID-19 pandemic and discuss how actions by the Federal Reserve and the other parts of the government helped stabilize financial markets and prevent more severe damage to the economy. Finally, I will explain how vulnerabilities associated with mortgage companies could pose risks in the future, and I will review ongoing work across the regulatory agencies to monitor and address these vulnerabilities. I will end by enlisting your help. Figuring out how to achieve a balanced mortgage system — one that delivers the best outcomes for consumers while being sufficiently resilient — is a highly complex task that could benefit from the insights of those of you here today." more »
Over the Last Century, Life Expectancy in the United States and Other OECD Nations Has Risen at a Rate of Three to Four Months Per Year.
The gap in life expectancy between disadvantaged and privileged Americans has widened over the past half-decade, but so has the gap between the most affluent Americans and their peers in other prosperous nations, according to a new UC Berkeley study. In 2018, men in the most affluent US category could expect to live at least seven years longer than those in the most disadvantaged US group (80.5 vs. 73.2 years). For women, that gap was six years (84.9 vs. 79.9 years). more »
Veterans Day: Post-9/11 Veterans Earn More, Work More Hours Than Those Who Never Served in Armed Forces
Employment among the nation’s three million post-9/11 veterans was higher from 2014 to 2018 than it was among those who never served in the armed forces, according to a new US Census Bureau report on November 10th. In the 2014-2018 period, about 80% of post-9/11 veterans were employed compared with only 75% of nonveterans. In contrast with older veteran groups, such as those from the Vietnam era or Gulf War, post-9/11 veterans encountered very different labor markets after returning from the armed forces. As a result, post-9/11 veterans represent a unique and growing segment of the veteran population and the broader US workforce. more »
Updated Subsidy Calculator and 300+ FAQs Help Consumers Understand the ACA Marketplaces as Open Enrollment Begins
Ahead of the annual Affordable Care Act (ACA) open enrollment period, the time during which consumers can shop for health plans or renew existing coverage, KFF has updated its Health Insurance Marketplace Calculator and its searchable collection of more than 300 Frequently Asked Questions about open enrollment, the health insurance marketplaces and the ACA. KFF’s Health Insurance Marketplace Calculator provides estimates of 2021 health insurance premiums and subsidies for people purchasing insurance on their own in health insurance exchanges. Users can enter age, income, and family size information to estimate their eligibility for subsidies and how much they can expect to spend on health insurance. more »