Talking Points: 401(k), Cryptocurrency, Lottery

401(k), Cryptocurrency, Lottery

Americans lost track of more than $7.7 billion worth of retirement savings in 2015 alone by “accidentally and unknowingly” abandoning their 401(k). USA Today, February 25, 2018

South Korea, which has one of the longest workweeks in the world, is reducing the maximum number of hours someone can work in a week from 68 hours to 52 hours. Lawmakers hope the reduction will increase the country’s plummeting birth rate. The Irish Times, March 1, 2018

“It is always said that the first twenty years of life contain the whole of experience – the rest is observation” Graham Greene

Uber and Lyft drivers in the U.S. make a median profit of $8.85 per hour before taxes. Factoring in costs such as car insurance, repairs, and fuel, researchers found that 8% of drivers actually lose money on the job, and 54% earn less than their state’s minimum wage. The Guardian, March 5, 2018

Sales of all lottery tickets add up to a staggering $80 billion a year. For comparison, the entire U.S. film industry sells only about $11 billion in tickets. In 2009, 11 states made more from the lottery than they did from corporate income tax. HuffingtonPost.com, March 1, 2018

More than 20% of students report that they’ve invested in cryptocurrencies with their student loans. Bitcoin.com, March 23, 2018

“The problem with imports is that more and more are coming from overseas.” George Bush

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PHOTO CREDIT: 401kcalculator.org