It may not be pleasant to think about the possibility of being unable to take care of yourself, but about seven out of ten people over age 65 are expected to need some form of long-term care during their lifetimes.
Many people might be able to stay in their own homes and receive care from family members or friends. But a surprising number – 20 percent to 49 percent, depending on the study – may need expensive full-time care in an assisted-living facility or a nursing home.2
As of March 1, paper Social Security checks became a thing of the past, with all retirement and disability payments (with minor exceptions) slated for electronic distribution.
Beneficiaries were given the opportunity to choose to receive their monthly payments by direct deposit to a bank or credit union account or to a Direct Express® debit card. The Social Security Administration has been transitioning to electronic payments for some time, so most recipients are already enrolled.
If you did not sign up by March 1, you will automatically receive a Direct Express debit card. Find more information at the Treasury's website ( www.godirect.org) or by calling (800) 333-1795.
WOMEN'S HISTORY MONTH – I am of the mindset we should celebrate the many contributions of women throughout the year. However, March is the month that has been designated as Women's History Month – a dedicated time to celebrate the outstanding achievements of women across the country.
According to the National Women's History Project (NWHP), "recognizing the achievements of women in all facets of life – science, community, government, literature, art, sports, and medicine – has a huge impact on the development of self-respect and new opportunities for girls and young women."
Dress for Success is one organization that takes a professional look to heart by reaching back. Its mission is to promote the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life generally.
Founded in New York City in 1997, Dress for Success is an international not-for-profit organization offering services designed to help their clients find jobs and remain employed. Each client receives one suit when she has a job interview and can return for a second suit or separates when she finds work.
This week, "On Our Way To Wealthy" visits with Cheryl Bingham, the group's executive director.
The number of people working jobs that paid the federal minimum wage dropped last year, according to new labor statistics published Wednesday (Feb. 27).
An estimated 3.6 million people were paid hourly rates at or below the federal minimum in 2012, down from 3.8 million a year earlier.
Just under 60 percent of all U.S. workers are paid hourly, according to the U.S. Bureau of Labor Statistics. An estimated 4.7 percent of those hourly workers make minimum wage or less, down from 5.2 percent, a year earlier. That share is the lowest since 2008.
Combine the name Jenell Ross with the Mercedes-Benz label and Ross' ethnicity and you have an unfolding African-American history story.
The American International Automobile Dealers Association recently announced that Ross – a Centerville, Ohio, dealer – is its 2013 chairwoman. She took over the position during AIADA's 43rd Annual Meeting and Luncheon earlier this month in Orlando, Fla.
Ross is the president of Bob Ross Automotive, which operates Buick, GMC, Fiat, and Mercedes-Benz franchises in the Dayton, Ohio, area. She inherited the role from her father and mother, who founded the dealership group in 1974. Mercedes-Benz of Centerville was the first Mercedes-Benz dealership to be owned by an African American and is currently the only one owned by an African-American woman.
The Entrepreneurship Expo hosted by the University of Memphis' Center for Entrepreneurship and Innovation was the place to be for those with an incubating idea.
The session Tuesday at the FedEx Institute of Technology drew 300-plus attendees. Throughout the day there was a steady flow of entrepreneur-minded individuals, including a mix of successful startups, emerging businesses, inventions ready to be patented, and some undeveloped business ideas and concepts. The Entrepreneur Village featured 23 of the Center for Entrepreneurship and Innovation's (CEI) start-up clients.
Project manager Kelly Penwell came to Memphis in 2011 to manage the division. She hit the ground running and has assisted over 200 clients with their start-up efforts. Thirty-two businesses have been launched since CEI's opening in September 2011.