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You can get down payment assistance through CHFA's Down Payment Assistance Program or the Time To Own program. VermontThe Vermont Housing Finance Agency offers mortgages, down payment assistance, a first generation homebuyer program, and a mortgage credit certificate. NebraskaThe Nebraska Investment Finance Authority is another state housing finance agency that offers programs for first-time and repeat buyers alike. State first-time homebuyer programs FAQsHow do first-time homebuyer programs differ by state? You may be able to combine multiple forms of state-backed first-time homebuyer assistance, or get state assistance in addition to other, unrelated programs.

Persons: you'll, CHFA, DSHA, MaineHousing, NJHMFA, MHDC, UHC Organizations: Connecticut Housing Finance Authority, FHA, Housing Authority, Maine MaineHousing, Loan, Massachusetts MassHousing, New Hampshire New Hampshire Housing, New Jersey Housing, Mortgage Finance Agency, New Jersey Police, New York Mortgage Agency, Pennsylvania Housing Finance Authority, Vermont Housing Finance Agency, Alabama Housing Finance Association, Arkansas, Finance Authority, of Columbia Homebuyers, DC Housing Finance Agency, D.C, Florida Housing Finance Corporation, Georgia Department of Community Affairs, Georgia, Plus, Kentucky Housing Corporation, Louisiana Housing Corporation, Maryland Department of Housing, Community Development, Mississippi The Mississippi Home Corporation, North Carolina Housing Finance Agency, Carolina South, Carolina South Carolina Housing, Palmetto, SC, South Carolina National Guard, Tennessee Housing Development Agency, Virginia Virginia Housing, Virginia Department of Housing, West, West Virginia The West, West Virginia The West Virginia Housing Development Fund, Illinois Housing, Authority, Indiana, Indiana Housing, Community Authority ., Iowa Finance Authority, IFA, Kansas Housing, Assistance, Michigan, Housing Development Authority, Minnesota Housing Finance Agency, Missouri Housing, Commission, Nebraska, Nebraska Investment Finance Authority, North, North Dakota Housing Finance Agency, Ohio Housing Finance Agency, South Dakota Housing Development Authority, Economic Development Authority, Arizona The, Arizona The Arizona Industrial Development Authority, New Mexico Mortgage Finance Authority, Oklahoma, Oklahoma Housing Finance Agency, Texas The, Affordable Housing Corporation, Texas, Homes, Texas Heroes, Alaska Housing Finance Corporation, California Housing Finance Agency, Colorado, Colorado Housing, Hawaii Housing Finance, Development Corporation . Idaho, Idaho Housing, Finance Association, Montana, Montana Montana Housing, Nevada Housing Division, Oregon Oregon Housing, Community Services, Utah Housing Corporation, Washington, Washington State Housing Finance Commission, Wyoming Community Development Authority Locations: Connecticut, Delaware, New Hampshire New Hampshire, New Jersey, York The State, Pennsylvania, Rhode, Vermont, Alabama, Arkansas, Washington ,, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Carolina, Carolina South Carolina, Tennessee, Virginia Virginia, West Virginia, West Virginia The West Virginia, Illinois, Indiana Indiana, Community Authority . Iowa, Iowa, Kansas, Michigan, Minnesota, Missouri, NIFA, North Dakota, North, Ohio, OHFA . South Dakota, Wisconsin, WHEDA . Southwest, Arizona, Arizona The Arizona, Mexico, Oklahoma, Texas, Texas The Texas, TSAHC ., Alaska, California, Colorado, Hawaii, Idaho, Montana Montana, Nevada, Oregon Oregon, Utah, Washington, Wyoming, Chevron

Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."

Persons: —, Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois

To show proof of disability income, you'll need to provide some verification that you're currently receiving benefits and that they aren't set to expire within the next three years. Benefits of home loans for disabled individualsMany loan programs allow you to use disability income to qualify. Disabled individuals can use FHA loans, VA loans, USDA loans, and special programs from Fannie Mae and Freddie Mac. Yes, disability income is considered as part of your total income, which can help qualify for various home loan options. What are the benefits of FHA loans for disabled individuals?

Persons: Fannie Mae HomeReady, Freddie Mac, Fannie Mae, you'll, Brian Quigley, Quigley, you've Organizations: Federal Housing Administration, US Department of Agriculture, Social Security Disability Insurance, Social Security Administration, SSI, SSA, Department of Veterans Affairs, Beacon Lending, USDA, Social Security, Chevron Locations: Chevron

☆ 4 big questions couples who want to live together should ask each other, especially if they’re over 50
▼ + stars: | 2024-07-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

That is especially the case for couples over 50 — for whom living together may seem the easier option if they have already had long-term marriages. An analysis of federal data by the Pew Research Center found that in 2016, couples over 50 represented roughly a quarter of adults living together. But while some concerns may be more urgent for older couples, here are some key questions couples of any age should consider when deciding to live together:1. Also discuss who you want to be your health care proxies. And if your partner is not your chosen health care proxy, include a medical release form in your health care directive naming them as someone who you, essentially, want by your side during a health crisis.

Persons: ”, Susan Brown, Mari Adam, Mari, ” Adam, Steven Rubin, Drazen Rubin Law, Adam, “ I’ve, Rubin, ” Rubin, “, it’s Organizations: New, New York CNN, National Center for Family, Bowling Green State University, Pew Research Center, Social Security, Medicaid Locations: New York

☆ My child is neurodivergent and traveling can be hard. We do it anyway because he loves it.
▼ + stars: | 2024-07-20 | by ( Melissa Petro | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It is sometimes difficult to protect him (and ourselves) from ignorant attitudes about his condition, especially when we travel. A recent trip to San Juan, Puerto Rico, perfectly illustrates how we've learned to amplify the joys and mitigate the challenges of traveling with a neurodivergent child. My second child responded how a neurotypical child naturally would. One thing's for sure: traveling with my neurodivergent kid is never a dull moment.

Persons: —, Oscar, we've, Casey Erlich, we're, doesn't, I've, Molly Organizations: Service, Business Locations: San Juan , Puerto Rico, San Juan, Manhattan, Sri Lanka

Here are the best retirement plans, calculators, investment strategies, and tips you can use to ensure your retirement savings plan is on track. Understanding retirement needsAssessing your retirement needsUnfortunately, there's no general number to aim for when saving toward retirement. Financial experts recommend delaying Social Security until you reach full retirement age (age 70). This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. The 4% rule in retirement planning suggests withdrawing 4% of your retirement savings each year to prevent you from prematurely running out of money for at least 30 years.

Persons: there's, you'll, doesn't, Roth, IRAs, They're, Jim Ludwick, Ludwick, Tolen Teigen, Everyone's, It's Organizations: Fidelity, Social Security, Security, Garrett Planning, Consulting, Chevron, Business Locations: U.S

Fidelity vs. Charles Schwab: At a GlanceFidelity and Charles Schwab are two of the largest and most reputable brokerage firms featured in several of our guides, including the best robo-advisors. Making a Choice: Fidelity vs. Charles SchwabFidelity Investments and Charles Schwab are great for all kinds of traders. Charles Schwab is better for higher balances and offers a more comprehensive selection of advanced charting tools like the thinkorswim platform. Fidelity vs. Charles Schwab Frequently Asked Questions (FAQs)Can I open both Fidelity and Charles Schwab accounts? You can open both a Fidelity and Charles Schwab brokerage account to take advantage of each platform's best features and services.

Persons: Morningstar, Charles Schwab Insider’s, Schwab, Charles Schwab, It's, Charles Schwab's, Schwab's Organizations: Fidelity Investments, Fidelity, Business Daily, Investment, Financial Products Fidelity, Teen, Charles, U.S, Fidelity Wealth Services, Technology, Pro, screeners, Schwab, Ameritrade, Charles Schwab Fidelity Investments Locations: cryptocurrencies, Chevron

Bypass or credit shelter trust: Like a marital trust, married couples establish this type of trust to reduce or eliminate the estate tax for heirs. Or, you can have your trust fund managed by a corporate trustee or trust company. Trust funds — Frequently asked questions (FAQs)Can anyone set up a trust fund? However, remember that trust funds involve high fees, so only folks able to afford these expenses should open a trust fund. How long a trust fund lasts depends on the terms of trust.

Persons: Jaime Eckels, Plante Moran, Totten, grantors, Grantor, Cash, You'll, There's Organizations: Plante Moran Financial Advisors Locations: Chevron

☆ What happens next if Biden drops out of the presidential race
▼ + stars: | 2024-07-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

US President Joe Biden steps off Air Force One as he arrives at Hagerstown Regional Airport in Hagerstown, Maryland, June 20, 2024, on his way to Camp David. Those delegates are set to vote for their presidential nominee in a virtual roll call in early August, before the Democratic National Convention. If Biden ends his campaign before voting begins, the pledged delegates could cast their ballots for a new candidate. According to the DNC rules, If no candidate won a majority on that first ballot, then the more than 700 "superdelegates" could join in subsequent votes. The voting would then continue until one candidate won a simple majority of delegates.

Persons: Joe Biden, David, Donald Trump, Biden, —, Jaime Harrison —, Harrison Organizations: Air Force, Hagerstown Regional Airport, Wednesday, Democratic, Democratic National Convention, Democratic National Committee, Democratic Governors Association Locations: Hagerstown, Hagerstown , Maryland

Why scammers target student loan borrowersStudent loan scams are common, especially as confusion remains over student loan forgiveness. There are currently forgiveness programs in place for federal student loans, like Public Service Loan Forgiveness, and accommodating repayment options, like Income-Driven Repayment Plans. What are the real student loan forgiveness programs? Real student loan forgiveness programs include Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR) forgiveness, teacher forgiveness, etc. Student loan scams: ConclusionDon't let scammers profit off your student debt.

Persons: Scammers, Biden, I've, you've Organizations: Public, of Education, Social, Federal, Bureau, Federal Trade Commission, Department of Education, Chevron, Real

We talked to several experts to help estimate the cost of creating a will and other estate planning documents. Average costsJack Hales, an estate and probate attorney at Hales and Sellers, said the cost of your estate plan can vary widely depending on what you need done. These frequently require notarization, which comes with a small fee, but other than that, they cost nothing but the cost of the paper on which they are written. Small changes using a lawyer may cost you a few hundred dollars, while updating your will through an online platform may only cost you $20. FAQsWhat is the average cost of creating a will?

Persons: Patrick Hicks, Hicks, Jack Hales, Hales, Sellers, Erin Bury, Rochelle Schultz, Weinstock Manion, it's, you'll, Notarization, Indrika Arnold, Will, Bury, who's, they're Organizations: Trust, Will, Bury, Financial, The Colony, National Council, Aging, Inc Locations: San Francisco, Topeka, Chevron

☆ King’s Speech: Charles unveils Keir Starmer’s plans for Britain, in state opening of parliament
▼ + stars: | 2024-07-17 | by ( Rob Picheta | ) edition.cnn.com time to read: +8 min

The speech sets out the agenda of Keir Starmer, who defeated Rishi Sunak's Conservatives in this month's election. Starmer also formalized plans to renationalize Britain’s rail network in the coming years, and to create a publicly-owned renewable energy company. At home, a number of institutions were targeted for modernization – most awkwardly, the very room in which Charles gave his speech. “The party opposite has successfully tapped into the public’s desire for change, but they must now deliver change,” Sunak said. Those arguments will intensify in the coming weeks, as Labour introduces its first bills to Parliament – beginning with three priority measures from the speech later this week.

Persons: CNN — Keir Starmer, ”, King Charles III, ” Starmer, Starmer, Keir Starmer, Rishi Sunak's, Dan Kitwood, Camilla, Black Rod –, Rishi Sunak, Kirsty Wigglesworth, Charles, Bill, –, Theresa May, ” Sunak, Sunak Organizations: CNN, Commons, Labour, Tory, Conservative, Reform UK, Getty, Border Security Command, National Health Service, NATO, – Locations: nationalize, Britain, Europe, Buckingham Palace, Westminster, Rwanda

☆ I'm an Amazon manager who found out I was on a Focus PIP after helping an employee
▼ + stars: | 2024-07-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

This as-told-to essay is based on a conversation with an Amazon employee who sought to go on medical leave because of a stressful situation that developed with their manager. I got a sense that my manager was potentially going to put me in Focus because of how they were berating me. The entire FMLA process was a hurdle for me. AdvertisementI later heard from my manager while I was on FMLA, and they informed me that I had been put on Focus. To suggest we use our performance management process to drive any other outcome, such as reducing our employee base, is wrong.

Persons: —, we're, It's, Slack, didn't, That's, I'd, Margaret Callahan Organizations: Service, Amazon, Services, Business Locations: copays, FMLA

☆ Opinion | Caring for Pet Companions
▼ + stars: | 2024-07-13 | by ( ) www.nytimes.com time to read: +1 min

shelter and started a group called No Kill Lehigh Valley, now known as the Fund for Veterinary Care. Our mission is to raise money to pay for veterinary care for animals whose families cannot afford it. While at the shelter, I witnessed people dropping off beloved pets for relinquishment because they were sick or injured and the family could not afford veterinary care. Fifteen years later the need for our services has grown as the cost of veterinary care has increased. Their pet is part of their family, or the only family they have.

Organizations: Fund for Veterinary Care Locations: Lehigh Valley

☆ 2024 ESPY Awards: Steve Gleason delivers powerful speech as former NFL star is honored
▼ + stars: | 2024-07-12 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —Former NFL player Steve Gleason was honored with the Arthur Ashe Award for Courage at the 2024 ESPY Awards on Thursday. All the people living with disability or other illnesses and all of you who experience fear or suffering,” Gleason continued. I have merely been a spectator to such immense resilience.”WNBA star Caitlin Clark took two awards home: Best College Athlete - Women’s Sports and Best Record-Breaking Performance award. Kansas City Chiefs quarterback Patrick Mahomes won Best Athlete in Men’s Sports and Best NFL Player. Las Vegas Aces star A’ja Wilson won the Best Athlete in Women’s Sports award.

Persons: CNN —, Steve Gleason, Arthur Ashe, Drew Brees, Gleason, Brees, “, ” “, ” Gleason, “ Arthur Ashe, Dawn Staley, Jimmy V, Mark J, Terrill, Staley, ” Staley, Caitlin Clark, Patrick Mahomes, A’ja Wilson, Simone Biles Organizations: CNN, NFL, Courage, New, New Orleans Saints, Dolby Theatre, Perseverance, South Carolina, Gamecocks, WNBA, Best, Kansas City Chiefs, Sports, Las Vegas Aces, Carolina women’s basketball Locations: New Orleans, Los Angeles, Carolina, South

☆ Meet the retirees driving for Uber and Lyft because Social Security isn't enough
▼ + stars: | 2024-07-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

AdvertisementSome recently started driving for Uber and Lyft to earn extra income and have something to do. AdvertisementHaving something to do in retirementSome drivers like Glenn Mueller, 75, said Uber driving gives him something to do in his retirement. Others like Bob Milosavljević, 72, rely on driving income to supplement his Social Security income. Now, Petrie, who lives in Anderson, South Carolina, said he gets $1,780 in Social Security, which isn't enough to cover all his expenses. He retired 11 years ago in Southwest Florida and started driving for Uber and Lyft in 2017 to supplement his Social Security.

Persons: George Conner, Uber, they're, they'll, Lyft, Glenn Mueller, Mueller, Bob Milosavljević, Milosavljević, hasn't, That's, David Petrie, Petrie, Steve Wilkie, —, Wilkie, Marilyn Cassidy, she's, Cassidy, Susan Harward, Harward Organizations: Service, Social Security, Business, BI, Security, Fort Myers Locations: Florida, Naples , Florida, Boston, Anderson , South Carolina, Southwest Florida, Miami, Fort, Myrtle Beach , South Carolina, Salt Lake City

☆ Supercentenarians who live past 110 have 9 things in common, according to a scientist who studies them
▼ + stars: | 2024-07-10 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Read previewA supercentenarian expert shared with Business Insider the nine things people who live to 110 and beyond have in common. Be resilientBeing resilient and able to endure hard times is one of the key predictors of longevity in supercentenarians, Lindberg said. Be spiritualSpirituality, meaning believing in something greater than ourselves versus following a specific religion, is also very common among the supercentenarians that Lindberg has studied. AdvertisementMaintain a healthy weight"There haven't really been any obese supercentenarians," Lindberg said. Dr. Robert Waldinger, the study's lead researcher, previously told BI that healthy relationships had a surprisingly large impact on people's odds of living longer.

Persons: —, Jimmy Lindberg, Linberg, Lindberg, Joseph Maroon, Robert Waldinger, Rose Anne Kenny Organizations: Service, Business, Financial Times, Complutense University of Madrid, Harvard, Chan, of Public Health, JAMA, BMI, US Centers for Disease Control, CDC, Development, Trinity College Dublin

☆ A rare voice box transplant helped a cancer patient speak again, part of a pioneering study
▼ + stars: | 2024-07-09 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Transplants of the so-called voice box are extremely rare, and normally aren’t an option for people with active cancer. “People need to keep their voice,” Kedian, 59, told The Associated Press four months after his transplant – still hoarse but able to keep up an hourlong conversation. Dr. Michael Hinni, center left, Dr. Payam Entezami, center, and Dr. David Lott, center right, operate on transplant patient Marty Kedian in Phoenix in February. But Belafsky said there’s “still a shot” for larynx transplants to become more common while cautioning it likely will take years more research. Mayo Clinic via APKedian was diagnosed with a rare laryngeal cartilage cancer about a decade ago.

Persons: Marty Kedian, –, ” Kedian, “, ”, David Lott, Mayo’s, Michael Hinni, Payam, haven’t, ” Lott, Mayo, Marshall Strome, Peter Belafsky, UC Davis, Belafsky, there’s “, Girish Mour, AP Kedian, wouldn’t, Gina, Lott, Dr, Sanjay Gupta, Kedian, he’d, Charlotte Organizations: Washington AP, U.S, Surgeons, Mayo Clinic, Associated Press, Cleveland Clinic, University of California, American Cancer Society, UC, AP, Mayo, CNN, CNN Health Locations: Massachusetts, Arizona, Phoenix, Mayo, U.S, Davis, Cleveland, Haverhill , Massachusetts, Boston

☆ HK Express apologizes after two blind passengers removed from Hong Kong-Tokyo flight
▼ + stars: | 2024-07-09 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

Andy Chui (left) and John Li at a press conference held by the Hong Kong Blind Union on July 7, 2024. They said were removed from an HK Express flight on May 22, 2024. Hong Kong Blind Union“They need to ensure that companies comply with these guidelines and that there are punitive measures when companies discriminate against people with disabilities,” Wong told CNN. HK Express said its staff had followed the airline’s “standard safety procedures,” during the incident, without specifying whether the two passengers had failed to comply with its protocols. All 35 passengers on the flight walked off in solidarity with Rizzi.

Persons: “, Andy Chui, John Li, –, Li, Chui, ” Chui, Billy Wong, Wong, ” Wong, ”, KK Ong, Albert Rizzi, Rodney Hodgins Organizations: Hong Kong CNN — Budget, HK Express, Hong Kong Blind Union, . Blind Union, CNN, Cathay, ” HK Express, ”, US Airways, Rizzi, Air Canada, Las Vegas . Air Canada Locations: Hong Kong, Tokyo, Hong, Long, Las Vegas

☆ Employees With Autism Find New Ways to Navigate the Workplace
▼ + stars: | 2024-07-09 | by ( Steven Kurutz | ) www.nytimes.com time to read: +1 min

When Chelsia Potts took her 10-year-old daughter to a psychologist to be tested for autism spectrum disorder, she decided almost as an afterthought to be tested herself. Like her daughter, Ms. Potts was diagnosed with autism. Ms. Potts, 35, thought she might have had anxiety or some other issue. But after her visit to the psychologist, she had to figure out how her diagnosis would affect her work life. “Initially, I was confused, and I did keep it to myself,” Ms. Potts said.

Persons: Chelsia Potts, Potts, ” Ms, “ Organizations: Miami University in Locations: Miami University in Oxford , Ohio

☆ Card skimmers are hard to spot and on the rise. Here's what you can do to protect yourself.
▼ + stars: | 2024-07-07 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewCredit card skimmers are on the rise nationwide and they're targeting the country's most financially vulnerable people. The FBI estimates that card skimming costs consumers and banks around $1 billion each year. Last year, Fair, Isaac and Company, a financial data analytics firm, found that debit card skimming grew by a whopping 96% compared to the previous year. Related storiesAuthorities nationwide say reports of card skimming and EBT fraud have increased over the past year. The New York Office of Temporary and Disability Assistance issued an EBT scam alert on July 2, warning of increases in card skimming and phishing.

Persons: —, Isaac, WJXT Organizations: Service, FBI, Isaac and Company, Business, Secret Service, Police, Washington State Department of Social and Health Services, Seattle Times, Authorities, New York Office, Assistance, NY Locations: Florida, Virginia , New York

☆ Opinion: Many people can’t physically flee disasters. We are failing to help them
▼ + stars: | 2024-07-07 | by ( Opinion L. Vance Taylor | ) edition.cnn.com time to read: +14 min

Editor’s Note: Luis “Vance” Taylor is the chief of the Office of Access and Functional Needs at the California Governor’s Office of Emergency Services. And for some individuals with access and functional needs, it was a nightmare. Unfortunately, nobody from the emergency management team had told the accessible transportation provider that they were part of the plan. Yet virtually all disasters have one critical commonality: They disproportionately impact individuals with access and functional needs, such as people with disabilities and older adults. Inclusive emergency management is an achievable mission.

Persons: Luis “ Vance ” Taylor, Taylor, CNN — I’ll, I’ve, there’s, Vance Taylor, Elijah Nouvelage, arth, I’m, you’re, Bill de Blasio, Jonathan Lamberton, Andy Katz, There’s, Allen J, we’re Organizations: California Governor’s, Emergency Services, CNN, Operations Center, Governor's, Emergency, Centers for Disease Control, New, Emergency Management, Pacific Press, California State Operations Center, Los Angeles Times, Getty, Twitter, Facebook Locations: California, Oroville, United States, Sierra Nevada, Sacramento, Oroville , California, New York City, , California

☆ 3 high-earners share when they knew it was time to quit their 6-figure jobs: 'It was literally driving me to the edge'
▼ + stars: | 2024-07-05 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +6 min

Business Insider spoke with three high-earners who left their six-figure jobs to save their mental health. It wasn't until his boss seriously questioned his work output that Yu made a pledge to himself to quit tech. Yu quit his job after brainstorming alternative income streams with his then-girlfriend (who became his fiancé), Wanda, and settling on house hacking. A year after quitting, he shared that his mental health improved, and he was ready to reenter the workforce. If you quit your job due to mental health concerns and would like to tell your story, email Tess Martinelli at tmartinelli@businessinsider.com.

Persons: —, Jean Kang, Kang, she'd, Eric Yu, Long, Yu, Wanda, He's, Tess Martinelli Organizations: Service, Business, Big, Big Tech, Facebook, Meta, McKinsey Locations: Big Tech, tmartinelli@businessinsider.com

It was a one-time, lump-sum special separation benefit offered to service members when the U.S. had to reduce its active-duty force. Courtesy Vernon ReffittThousands have found themselves in Reffitt’s position due to a little-known law that prohibits veterans from receiving both disability and special separation pay. Under the law, the VA has to recoup special separation benefits from veterans before those eligible can begin receiving disability payments. Army veteran Daphne Young said she would not have taken the separation pay had she known. Under the law, veterans have a chance to pursue a waiver of their recoupment responsibilities for voluntary separation pay, but the standards are high.

Persons: Vernon Reffitt, Reffitt, Stephanie Rennane, Rennane, it’s, Daphne Young, Daphne Young Young, Young, Marquis Barefield, Barefield, Shane Collins, Collins, Ruben Gallego, Gallego, I’ve Organizations: Department of Veterans Affairs, RAND Corporation, NBC News, Army, Young, DAV, American Veterans, Veterans, recoupment, RAND, Marine, Marines, Pentagon, Defense Locations: U.S, Twin City , Georgia, Panama, Honduras, Germany, Columbus , Georgia, Iraq, Afghanistan, Twin Falls , Idaho, United States

☆ Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.
▼ + stars: | 2024-07-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.

Persons: —, Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda

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