The traditional anniversary gift for a tenth anniversary is tin or aluminum, so to honor the milestone of ten years since the financial crisis, let’s make a pinky swear and vow not to turn a tin ear to what happened and learn some important lessons.
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Here some good news amid Life Insurance Awareness Month: Technology has vastly improved the process of applying for and securing a policy. That should be helpful for the approximately 50 million households who say they need more life insurance. In fact, 40 percent of those surveyed in the 2018 Insurance Barometer Study (conducted by Life Happens and LIMRA) do not know how much coverage they need and what type of life insurance to buy.
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So far, tariffs and trade conflicts have not negatively impacted the labor market. The economy added a solid 201,000 jobs in August and with revisions to the previous two months (down 50K), employers have added an average 207,000 a month to payrolls this year, quite a feat, considering that we are in the tenth year of the expansion.
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It has been one year since credit monitoring company Equifax announced that a “Cybersecurity Incident” had exposed names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license and credit card numbers, from nearly 148 million Americans, which means that it’s time for an identity theft prevention check in.
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