For 2017, the maximum amount of earnings subject to the 6.2% Social Security tax is $127,200, according to the Social Security Administration.
The average cost of employer health coverage for a family in 2016 was $18,142 and $6,435 for an individual, according to an annual poll of employers conducted by the Health Research & Educational Trust and the Kaiser Family Foundation. The cost of family coverage increased by 3% from 2015, while the cost of individual coverage remained essentially the same. The poll also found that employees paid 29% of the premiums for a family plan and 18% for a single plan in 2016.
The number of family-friendly benefits offered by employers continues to grow, according to Employee Benefits Survey 2016, a report issued by the International Foundation of Employee Benefit Plans. The report found that 69% of employers offer dependent care flexible spending accounts, 47% offer flexible work hours or compressed workweeks, 37% offer paid maternity leave, and 24% offer paid paternity leave.
An estimated 91 million individual investors owned mutual funds in mid-2015, based on data compiled by the Investment Company Institute in its 2016 Investment Company Fact Book. At year-end, these investors held 89% of total mutual fund assets directly or through retirement plans. Mutual fund ownership by U.S. households in 2015 declined slightly from the prior year, from 43.3% to 43% (about 53.6 million households). The authors of the Fact Book noted that 91% of mutual fund investors are investing for retirement while 50% are saving for emergencies.
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