According to a recent Legg Mason survey people spend 475 hours or more worrying about money each year. That’s nearly 25% of about 2,000 hours that a typical employee works per year. That’s a huge productivity loss for employers. Perhaps the key to address this issue is an effective financial education.
FY 2015 Budget estimate for the Centers for
Medicare & Medicaid Services (CMS) is $897.3 billion
in mandatory and discretionary outlays, a net increase
of $54.3 billion above the FY 2014 level. That’s nearly 25% of total US budget. Is it sustainable?