Posts tagged ‘state of the union’

MyRA: The Pros and Cons



During his State of the Union address last week, President Obama announced a new retirement savings program called My Retirement Account or MyRA. Labeled as a “starter savings account,” the plan is intended to be a voluntary savings vehicle for those who want to save for retirement, but don’t…

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Minimum Wage Hikes – or – What Econ 101 Didn’t Teach You



Your entry-level economics class taught you (or should have) that when the price of something goes up, less of it is consumed. This holds for cars, interest rates, widgets, and wages. So, during this week’s State of the Union address, when President Obama called for raising the federal minimum…

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