By Beth Pinsker NEW YORK (Reuters) - At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay. Some could not afford car repairs, which meant they could not get to work. Others needed money for medical bills, home repairs and other emergencies. Human resources manager Erica Simmons wanted to help. She enrolled the company, a division of Kroger Co <KR.N>, in a pilot programme called Split to Save. The Consumer Federation of America started the Split to Save initiative about a year ago, and other employers on board include banks, credit unions and the City of Boston. The goal is to help workers build their own emergency savings accounts through regular payroll deductions. "It’s important that our associates are doing well and that means their physical and mental health and their financial health," said Simmons, who signed up for the programme herself and has … [Read more...] about Money woes? More companies help workers build emergency funds
Emergency funding for nonprofits
.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could determine their success — natural disasters. In the last two years alone, storms and natural disasters have killed scores of people, damaged or destroyed tens of thousands of homes and cost tens of billions of dollars. Wildfires in the West and hurricanes in the South have been especially destructive, and scientists say climate change is making this more common. As the severity escalates, governors are finding they have to make disaster planning a priority or risk the consequences of inaction defining their terms and enraging voters. ADVERTISEMENTSkip Handling … [Read more...] about Natural disasters will be a priority for incoming governors
By Anne Tergesen The Wall Street Journal Thu., Nov. 15, 2018 Retirement may be decades away for people in their 20s and 30s, but rarely has it been more important—or more difficult—to establish habits that lead to long-term financial success. Thanks to the financial crisis, millennials are behind where their parents stood at similar ages, said Alicia Munnell, director of Boston College’s Center for Retirement Research. People between 25 and 35, for example, have less wealth compared to their income and millennial men have lower earnings as a percentage of median national pay than their baby boomer and Gen X counterparts did at those ages. With higher debt and longer life expectancies, millennials also have less margin for error when it comes to saving for the future. In an era in which Social Security is underfunded and old-fashioned pension plans are falling by the wayside, they are also likely to bear a greater share of the responsibility for … [Read more...] about How millennials can maximize savings for retirement
Allie Gross Detroit Free Press Published 2:54 PM EDT Nov 3, 2018 Park Avenue House owner Sean Harrington has rescinded the 30-day eviction notices for residents of the downtown Detroit hotel, after striking a deal with the building's buyer. While the sale of the historic building to Troy-based MKiezi Investments won't close until January 30, residents — who were given notice last month that they had to vacate the building next week — will now have until June 30 to find new housing options, according to stipulations in the deal. The sale price of the 180-unit, 13-story building hasn't been made public. A close source to the deal, however, told the Free Press last month that the negotiation price was around $13.5 million. Park Avenue House — a hotel that has attracted a number of low-income, long-term guests over the years — become a flashpoint in conversations around equity and affordability in Detroit last month after Harrington … [Read more...] about Evictions canceled for Detroit’s Park Avenue House residents
By the end of September, Minneapolis officials want to clear the large homeless encampment just north of East Phillips Park at Hiawatha and Cedar Avenues and start the process of connecting the residents there with housing and other services. But as the row of tents grows daily — becoming what is believed to be among the largest such sites ever in Minnesota — here are some of the biggest challenges officials will have to address to accomplish that:The camp has become a landing spotAbout three months ago, a homeless family pitched a tent on the narrow strip of land near the Little Earth housing complex. They found relief thanks to the area’s high visibility and sound wall; it seemed safer than sleeping in alleyways or near trails without much traffic or street lighting, and word of the location spread among other people sleeping outside.Homeless people across the Twin Cities soon migrated to the Hiawatha encampment from all sorts of sleeping spots: Minnehaha Park, … [Read more...] about ‘The emergency is now visible’: How the Hiawatha homeless encampment came to be. And what Minneapolis officials are trying to do about it.