Homeownership is associated with significant gains in household wealth for most homeowners, even when viewed across the housing crisis period of 1999-2013, according to a February 2016 working paper published by the Harvard Joint Center for Housing Studies.
A majority of parents (68%) give their children an allowance, but they make their children actually work for the money. A recent Harris Poll conducted for the American Institute of Certified Public Accountants found that children who receive allowances spend approximately six hours a week on chores. The survey also found that, on average, children receive a monthly allowance of $67.80, although 22% of parents who give their child an allowance pay $100 or more per month.
Americans who sign up online for health insurance under the Affordable Care Act may have several plans to choose from. Unfortunately, many struggle to choose the plan with the deductibles, premium levels, copayments, prescription drug coverage, and in-network physicians they want. Recent research suggests that poor health plan literacy may be to blame for causing consumers to make costly mistakes when it comes to choosing the most appropriate plan. One study found that only 14% of adults correctly answered four multiple choice questions about the basics of their health plan coverage.
Fifty-two percent of defined contribution retirement plans had an automatic enrollment feature in 2014, according to data from the Plan Sponsor Council of America Annual Plan Sponsor Survey. However, only 19% of small plans (one to 49 participants) had this feature.
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