Month: June 2017

The multipurpose shipping industry is seeing a rise in demand. This is according to the latest report by Drewry, a global shipping consultancy firm. Marine Log reports that this uptick was particularly prevalent in the breakbulk industry, after a dip in 2016. Drewry analysts expect this trend to gradually continue into 2018. “While we believe that 2017 will be slow, the prospects for the second half of the year and into 2018 continue to strengthen and give rise to our optimism for … Continue reading “Multipurpose Shipping Industry Shows Promise, Drewry Reports”

Employee stock ownership plans (ESOPs) can be great for all kinds of industries, depending on how well the market is doing. According to a 2000 study by researchers at Rutgers, companies that take advantage of ESOPs actually grew 2.3% to 2.4% faster once their ESOP was set up than they would’ve otherwise grown without the ESOP. And over the last decade, a diverse range of companies have started experimenting with these stock ownership plans. According to Blackbird Miltech, companies involved … Continue reading “Financially Responsible Decisions Leading to Successful Employee Futures”

A new survey has many retirees worried for what is to come. Nationwide, the average age of retirement is 63, and while everyone knows how important it is to save for retirement, a new HealthView Services report shows that retirees and those planning to retire soon will need to save a quite bit more than they expected. And no, it is not the cost of living or personal care expenses that is hindering retired Baby Boomers. Rather, it is the … Continue reading “Health Care Expenses Exorbitantly High for the Average Retiree, Report Shows”

Approximately 6.8 million Americans use canes and other devices to assist with their mobility whether due to age or chronic conditions. Unfortunately, the older a person becomes, their chronic conditions become hazards not only to their health, but also to their financial security. Thursday, June 15th marks World Elder Abuse Awareness Day, a day created by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations as a way to increase awareness … Continue reading “Banking Industry Protects Seniors From Fraud as World Elder Abuse Awareness Day Is Observed”

Americans are spending more on their weddings than ever before. It can be easy to get carried away with spending on the big day — it is a celebration of romance, after all — but according to a new survey by WeddingWire, the spending is getting a little out of hand. For example, the average cost of a wedding ceremony and reception was around $16,000 back in 2007. Nowadays, an engaged couple can expect to spend about $28,000. And inflation … Continue reading “Over the Top Weddings Becoming America’s New Normal”