Finance

Many Americans Will Need Long-Term Care. Most Won’t be Able to Afford It.

In 2029, for people 75 to 84 (ages when they’re likely to need long-term care), that would mean access to about $25,000 to $74,000 a year in current dollars. Over age 85, the middle-income category extends to $95,000. About 14.4 million people will fall into the middle-income category, almost double the current number. Sixty percent

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The Economy Is Strong and Inflation Is Low. That’s What Worries the Fed.

WASHINGTON — America’s job market is booming and the economy is strong, but that combination is not raising prices the way it used to. Biscuit Head, a North Carolina restaurant chain serving up gravy flights and homemade jam, would be charging more if the previous economic relationships held up. At 3.3 percent, unemployment in Asheville,

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GM’s Barra, Lockheed’s Hewson among highest paid female CEOs

Here are the 10 highest-paid female CEOs for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between Jan. 1 and April

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Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say

People struggling with loan payments and falling credit scores may be tempted to seek a quick fix. But they should be wary of so-called credit repair companies that promise to scrub credit files and improve credit scores for a fee, consumer watchdogs say. The Consumer Financial Protection Bureau filed suit this month against Lexington Law

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How Democrats Are, and Aren’t, Challenging the Trump Economic Record

NASHUA, N.H. — Ask Democratic candidates for president how they would challenge President Trump’s boasts about the economy, and the initial response tends to be less an attack than a concession. “The overall numbers about G.D.P. or the stock market are great,” said Elizabeth Warren after a town hall here last week, before discussing long-term

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