Tag Archives: families

As layoffs in the tech industry accelerate into the year-end, some workers and their families are having to scramble to find a job and remain in the U.S. More than 150,000 people have lost jobs in the industry so far as companies look to course correct after years of high growth and high costs. And a third of those job losses have come just within the last month, according to Layoffs, an online site that tracks tech layoffs. While job cuts usually entail workers brushing off their résumés in… Source link

Child care is getting more expensive, putting even more financial pressure on American families at a time when they’re already paying more for groceries and gas. According to a recent survey from Care.com, nearly two-thirds of parents say child care costs have gone up in the past year. As a result, 59% are more concerned about how much they will spend on child care this year compared to previous years. “It’s eating up wallet share and doesn’t leave money for other goods,” Care.com CEO… Source link

Placeholder while article actions load One of the most annoying traps of digital life might be software upgrades that are secretly downgrades. I want to share a cautionary tale about a downgrade from Google that could end up costing you money. After much back and forth with me, Google described it as a “bug,” but it exposes an ongoing risk to our virtual future. Reader Matt Hirsch from outside of Boston got in touch with Help Desk about a strange phenomenon on his Google smart speakers. He… Source link

With inflation at a near 40-year high, the biggest corporations are cashing in “on the backs of the American people,” by crimping competition and raising prices, said Senator Mark Kelly (D, AZ). In Kelly’s home state of Arizona, its largest cities saw cost pressures outpace the national average last year, with inflation rising 9.7% last year in the Phoenix metro area, compared to 7%, according to data from the Bureau of Labor Statistics. “We’re at full employment [in Arizona] right now …… Source link

Walmart heirs to candy conglomerates: These are the 25 richest families in the US The new film House of Gucci may be a sensational story of madness, glamour and greed, but you don’t need to look far to find equivalents here in the U.S. The wealthiest dynasties in America have also seen many bitter battles over inheritance and power, though some have quietly risen to the ranks of the elite without too much media scrutiny. Last year Forbes released a list of the richest families in the country,… Source link

Low-income families, who received the greatest percent gains of all families in the US, have higher cash balances now than before the pandemic, according to a new report from JPMorgan Chase. However, the report found, it may not be enough. “With each round of stimulus, low-income families saw the greatest percent gains in cash balances, but depleted those gains faster than high-income families,” authors Fiona Greig, Erica Deadman, and Tanya Sonthalia, wrote in the report. The COVID-19… Source link

(Bloomberg) — Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Most Read from Bloomberg Holding companies, family investing arms and other vehicles of moguls from Thailand’s Dhanin Chearavanont to the Philippines’ Lance Gokongwei are either plowing millions of dollars directly into… Source link

The student loan debt crisis arose after legislative changes over the years that created a system of largely unchecked lending to millions of students, according to a reporter and author of a new book. “If you just keep on issuing student debt in the same fashion, which is basically giving families a blank check, you’re just going to have more and more families end up in unrepayable debt over the years, and it doesn’t really solve the underlying issue,” Josh Mitchell, Wall Street Journal… Source link

When the monthly Child Tax Credit payments start this week, the Meyette family of Fontana, California, will see their household income increase by 25% — a much-needed boost at this time. Erica Meyette recently underwent surgery and her husband Jonathan, who is the sole breadwinner, missed two weeks of work to care for her. The $600 the family will get for their two daughters will go to expenses, savings, and any medical debt they incur. “So $600 a month is an increase of big proportions… Source link

(Bloomberg) — The sale of Medline Industries Inc. to a consortium of private equity firms has brought one of the world’s wealthiest families into the limelight. The deal, valued at more than $30 billion, stands to rank among the biggest transactions ever involving a family-owned business. The proceeds from the majority investment by Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman will largely flow to the Mills, a Chicago-based clan who’ve been in the medical supply… Source link