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☆ A meteoric rise in worker health costs has slowed — but they’re already 'egregious,' advisor says
▼ + stars: | 2023-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Employer-sponsored health plans have many moving parts that can affect workers' wallets. Workers pay $1,401 in total premiums in 2023, up 18% from 2018, according to KFF, a nonprofit health-care data provider. (This cost is for employer-sponsored health plans and assumes consumers receive in-network care.) That has led employers to make their health plans more competitive to attract and retain staff. One in four employers report being highly concerned about the affordability of cost-sharing within their health plans, according to KFF.

Persons: it's, Carolyn McClanahan, Matthew Perry's, Matthew Rae, Rae, KFF, That's, It's, that's, McClanahan, doesn't Organizations: Planning Partners, Finance, Security, Workers, Digitalvision Locations: Jacksonville , Florida

☆ 3 big reasons exchange-traded funds went 'mainstream' with investors
▼ + stars: | 2023-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Mutual fund trades, by contrast, are executed once a day and all investors get the same price. Investors pulled more than $900 billion from mutual funds in 2022 and funneled about $600 billion into ETFs, according to Morningstar. There were 419 U.S. ETF fund inceptions in 2022, versus 197 mutual funds, Morningstar found. 3 big reasons ETFs have gotten popularThere are three big reasons investors, in aggregate, have preferred ETFs over mutual funds, experts said. When asset managers buy and sell securities within mutual funds, those trades may trigger capital gains taxes for fund investors.

Persons: Kathrin Ziegler, Morningstar, Bryan Armour, Armour, Rosenbluth Organizations: Digitalvision, Getty, Mutual, North America, Morningstar, of Iowa Locations: U.S

Matt LeBlanc as Joey Tribbiani, Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green and Courteney Cox as Monica Geller on NBC's "Friends." A spokesperson for Warner Bros., which owns the show's distribution rights, declined to verify or comment on the residual payments. What may happen to Perry's 'Friends' residualsWhen an actor passes away, residual payments are considered the actor's personal property. The Screen Actors Guild-American Federation of Television and Radio Artists has contracts in which its members can list beneficiaries for residual payments upon death. Charity may have figured into Perry's estate

Persons: Matt LeBlanc, Joey Tribbiani, Matthew Perry, Chandler Bing, Jennifer Aniston, Rachel Green, Courteney Cox, Monica Geller, NBC's, ", Perry's, Charlie Douglas, Perry, Franklin, Douglas, there's, Tasha Dickinson, Pitney, David Johnston, Keith Morrison, David Oh Organizations: NBC, Getty, Warner Bros, CNBC, HH, Investments, American Federation of Television, Radio Artists, Finance, Wealth, Arta Finance Locations: California, Atlanta, Arta

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

☆ Why working longer is a bad retirement plan
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Daniel Gonzalez | Moment | Getty ImagesWorking longer is among the best ways to ensure you don't outlive your retirement savings. When it comes to retirement age, there's a big gap in expectations versus reality. But the actual retirement age was 62, on average. watch nowThose who target a retirement age past 61 end up making it about half as far as expected, he found. Social Security's full retirement age has gradually been pushed back, to as late as age 67 for anyone born in 1960 or after.

Persons: Daniel Gonzalez, Gallup, Blanchett, Richard Johnson, —, EBRI, Johnson Organizations: Gallup, Urban Institute . Pensions, Urban Institute

☆ It may take $10 million to achieve 'financial freedom,' say 'Earn Your Leisure' hosts
▼ + stars: | 2023-10-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

Bilal: The only way to really achieve financial freedom is if your money is growing without you working for the money. The only pathway to not working forever, to having money in abundance, is to find ways to make more money with the money you currently have. What it takes to achieve financial freedomTroy Millings, left, and Rashad Bilal, co-creators of Earn Your Leisure. You might not be able to accumulate $10 million in your lifetime, but you might be able to accumulate $1 million or $1.5 million. 'Having money doesn't alleviate the problems'For your podcasts, you've interviewed several famous and wealthy people — pro athletes, musicians and entertainers, for example.

Persons: Troy Millings, Rashad Bilal, Tyrell Davis, Greg Iacurci, Bilal, it's, That's, Sean, Diddy, Combs, We're, you've, they're, They'll, they'll Organizations: CNBC, Greenleaf

☆ Here are 4 ways health savings accounts can be used to pay insurance premiums
▼ + stars: | 2023-10-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

COBRA coverage typically allows consumers to keep the same health-care providers, but the coverage is often pricey. With COBRA coverage, however, individuals may have to cover the full premium, up to 102% of the cost to the plan. Premiums while on unemploymentHealth premiums paid by someone receiving unemployment compensation under federal or state law are also eligible. These might be premiums for COBRA or a health plan purchased over an Affordable Care Act marketplace, for example. Medicare beneficiaries don't have to pay their premiums directly with an HSA to get the benefit.

Persons: they'd, Carolyn McClanahan, it's, —, — aren't, McClanahan, There's, isn't Organizations: IRS, Affordable, Bank, Getty, Social Security Locations: Jacksonville , Florida

☆ New Europe travel requirement delayed again, to 2025
▼ + stars: | 2023-10-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Thirty European nations have delayed implementing the ETIAS travel authorization scheme for U.S. and other foreign visitors until 2025. A new requirement for American travelers bound for Europe slated to take effect next year was delayed — again — to 2025. The requirement — an online travel authorization via the European Travel Information and Authorisation System, or ETIAS — applies to visitors to 30 European nations, including popular destinations such as France, Germany, Greece, Italy, Portugal and Spain. The system "will be ready to enter into operation in Spring 2025," according to an announcement following an Oct. 19-20 meeting of the Council of the European Union. The European Union website for ETIAS has similarly updated language, citing "mid-2025" as the new official start date.

Persons: —, ETIAS Organizations: European Travel, Finance, European Union, of, The European Union Locations: Krakow, Poland, Europe, France, Germany, Greece, Italy, Portugal, Spain

☆ Picking health insurance can be tricky: 6 key terms to know as open enrollment starts
▼ + stars: | 2023-10-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

PremiumsFrederic Cirou | Photoalto | Getty ImagesThe premium is the sum you pay an insurer each month to participate in a health plan. It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price. The average co-insurance rate for consumers is 19% for primary care and 20% for specialty care, according to KFF data. For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.

Persons: Frederic Cirou, Karen Pollitz, Luis Alvarez, you've, KFF, Pollitz, McClanahan, there's, Winnie Sun, She's, Sun, Carolyn McClanahan Organizations: Sdi, Photoalto, Kaiser Family Foundation, CNBC, Digitalvision, Getty, Kaiser Family Foundation Health, Network Health, Sun Group Wealth Partners, CNBC's FA Locations: Aetna, Irvine , California, CNBC's

"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Brett House, economics professor at Columbia Business School. There are many factors driving the recent spike in Treasury yields, economists said. Most of the recent jump in Treasury yields is due to a so-called term premium, said Andrew Hunter, deputy chief U.S. economist at Capital Economics. Student loans could get pricierThere is also a correlation between Treasury yields and student loans. The government sets the annual rates on those loans once a year, based on the 10-year Treasury.

Persons: Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Tony Dwyer, Canaccord Genuity, Freddie Mac, Eugenio Aleman, Raymond James Organizations: Federal, Stock, Fed, Columbia Business School, Treasury, Capital Economics Locations: U.S

"When the 10-year yield goes up, it will have a knock-on effect for almost everything," according to Columbia Business School economics professor Brett House. Why Treasury yields have jumpedA bond's yield is the total annual return investors get from bond payments. There are many factors driving the recent spike in Treasury yields, economists said. Student loans could get pricierThere is also a correlation between Treasury yields and student loans. The government sets the annual rates on those loans once a year, based on the 10-year Treasury.

Persons: Jerome Powell, Mark Hamrick, Brett House, Andrew Hunter, Hunter, Freddie Mac, Eugenio Aleman, Raymond James Organizations: Treasury, Columbia Business School, Fed, Capital Economics Locations: U.S

☆ Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record
▼ + stars: | 2023-10-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock prices and government stimulus measures, the Federal Reserve reported Wednesday in its triennial Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities. After accounting for inflation, median net worth jumped to $192,900, a 37% increase from 2019-22, the Fed found. It was also more than double the next-largest increase on record: Between 2004 and 2007, right before the Great Recession, real median net worth rose 18%. Increases in net worth were "near universal across different types of families," the Fed said.

Persons: Gen Z, Mark Zandi, Zandi Organizations: Federal Reserve, Consumer Finances, Fed, Finance, Workers, Moody's

☆ A $7.40 fee could ruin your next trip to Europe. Miss it and 'you won't board the plane,’ expert says
▼ + stars: | 2023-10-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Americans will soon have to apply for a travel authorization to visit Europe — and failing to get one may ruin your next trip. The requirement, slated to start in 2024, currently applies to 30 European nations, including popular destinations like France, Germany, Greece, Italy, Portugal and Spain. Travelers must apply for the travel authorization via the European Travel Information and Authorisation System, or ETIAS, prior to their trip. The online application carries a non-refundable fee of 7 euros a person — or $7.40 at prevailing exchange rates as of 12 noon ET on Thursday. "If you forget to do it, you won't board the plane," said Sofia Markovich, a travel advisor and founder of Sofia's Travel.

Persons: Sofia Markovich Organizations: Europe —, European Travel, Finance, Sofia's Locations: Europe, France, Germany, Greece, Italy, Portugal, Spain, U.S

☆ 'Phantom hacker' scams that target seniors' savings are on the rise, FBI says
▼ + stars: | 2023-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

There has been a nationwide increase in "phantom hacker" scams, a type of fraud "significantly impacting senior citizens," who often lose their entire bank, savings, retirement or investment accounts to such crime, according to the FBI. "Phantom hacker" scams are an evolution of tech support scams, a type of cybercrime. As of August 2023, losses from tech support scams were up 40% during the same period in 2022, according to a recent FBI public service announcement. Older adults have generally amassed a larger nest egg than younger age groups, and therefore pose a more lucrative target for criminals. Older adults are also "particularly mindful of potential risks to their life savings," Gregory Nelsen, FBI Cleveland special agent in charge, said in a statement.

Persons: Gregory Nelsen, Nelsen Organizations: FBI, Finance, FTC Labor Department, FBI Cleveland

☆ Deflation is the anti-inflation. Here's where prices fell in September 2023 in one chart
▼ + stars: | 2023-10-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

At their pandemic-era peak, consumer prices were rising faster than at any point in 40 years. Inflation has been declining gradually, which means prices are still rising but at a slower pace, also known as disinflation. Some prices have actually deflated over the past year, according to the consumer price index. Deflation is the opposite of inflation: It means consumers are seeing prices decline in certain categories. Over the long term, consumers also generally see savings as manufacturers shift goods production to lower-cost areas, Zandi said.

Persons: —, Mark Zandi, Zandi Organizations: Getty, Consumers, Goods, Moody's, Energy Locations: U.S, Russia, Ukraine

☆ Here’s the inflation breakdown for September 2023 — in one chart
▼ + stars: | 2023-10-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Mario Tama | Getty ImagesInflation was unchanged in September, but price pressures seem poised to continue their broad and gradual easing in coming months, according to economists. Despite recent improvements, economists say it will take a while for inflation to return to normal, stable levels. The U.S. Federal Reserve aims for a 2% annual inflation rate over the long-term. "Ultimately, inflation is still the most menacing issue in the economy right now," said Sarah House, senior economist at Wells Fargo Economics. Why inflation is returning to normalAt a high level, inflationary pressures — which have been felt globally — are due to an imbalance between supply and demand.

Persons: Mario Tama, Andrew Hunter, Sarah House, there's Organizations: Getty, U.S . Bureau of Labor Statistics, Capital Economics, U.S . Federal Reserve, Wells, Wells Fargo Economics, CPI, BLS Locations: U.S, Wells Fargo, Russia, Ukraine

☆ Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We do not see a path forward for legislation to cap credit card interest rates," Seiberg said. There are 70 million more credit card accounts open now than in 2019, it said. Credit card interest rates have predominantly remained below 36% due to "self-restraint" by banks, though that's still "extremely high" for a credit card, said Lauren Saunders, associate director at the National Consumer Law Center. I think some of the [political] lines are starting to blur a little bit, at least on credit card issues. How to reduce your personal card rate to 0%Rossman's general advice to consumers: Make your personal credit card rate 0%.

Persons: Luis Alvarez, Rossman, Seiberg, There's, that's, Lauren Saunders, Ted Rossman, Sen, Bernie Sanders, Alexandria Ocasio, Glenn Grothman, Grothman, Hawley Organizations: Digitalvision, Getty, Cowen Washington Research Group, Republican, Federal Reserve Bank of New, Federal Reserve, National Consumer Law Locations: Federal Reserve Bank of New York, Alexandria, Cortez, Jesús, Chuy, García

☆ Treasury Department aims to make it easier to get $7,500 EV tax credit in 2024
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Its proposed rules, issued Friday, would let car dealers offer the EV tax break to consumers at the point of sale — regardless of their federal tax liability — starting Jan. 1, 2024. If the Treasury proposal is codified, it would expand the pool of consumers — especially lower earners, who generally have smaller tax liabilities — eligible for the full value of the EV tax credit. Consumers will get that point-of-sale discount by transferring their tax credit — the new clean vehicle credit ($7,500) or the used clean vehicle credit ($4,000) — to a car dealer. For one, the Treasury proposal is subject to a 60-day public comment period and may change in its final version, though experts don't expect any substantial revisions. It's also important to note that car dealers won't analyze consumers' income to determine if they qualify for an EV credit, according to the Treasury proposal.

Persons: Jamie Wickett, Hogan, Ingrid Malmgren, Wickett, Buyers, It's Organizations: Maskot, U.S . Department of, Treasury, —, Finance, Consumers, IRS, Dealers, IRS Energy Locations: Israel

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Investors roll more than $600 billion a year to IRAs. Anticipated Labor Department rules could raise their protections
▼ + stars: | 2023-10-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

This is what the Labor Department will likely tweak, attorneys said. Now, the Labor Department is trying again, though its rule likely won't be as far-reaching, experts said. The OMB has 90 days to review the rule, Borzi said, after which the Labor Department would issue its proposal publicly. watch nowBased on recent legal clues, attorneys expect the Labor Department will seek to raise the bar on all rollover advice provided by the financial ecosystem. That generally means investment advice must be given solely in investors' best interests.

Persons: IRAs IRAs, Phyllis Borzi, Obama, Reish, —, Borzi, Andrew Oringer, Sen, Bill Cassidy, Virginia Foxx, There's, They're, Fred Reish, Drinker Biddle Organizations: U.S . Department of Labor, Washington , D.C, Washington Post, The Washington Post, Getty, Investment Company Institute, ICI, Labor, Pew Research Center, Labor Department, Management, Budget, OMB, Wagner Law, Critics, Rep Locations: Washington ,, IRAs

☆ Supreme Court case may gut the CFPB: Consumer watchdog's ‘future is on the line,’ group says
▼ + stars: | 2023-10-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Visitors walk across the U.S. Supreme Court plaza on the first day of the court's new session on Oct. 2, 2023. Bill Clark | Cq-roll Call, Inc. | Getty ImagesWhy the CFPB's funding may be unconstitutionalThe Consumer Financial Protection Bureau headquarters in Washington. Lawmakers created the federal agency to protect consumers from predatory financial practices. The Supreme Court ruled against the agency in a 2020 case, Seila Law v. CFPB, finding part of its structure to be unconstitutional but ultimately keeping the agency intact. Instead, the CFPB's funding isn't authorized by Congress each year.

Persons: Bill Clark, Washington . Samuel Corum, Dodd, Frank, —, John Coleman, Orrick, Coleman, Rohit Chopra, Tom Williams Organizations: U.S, Supreme, Cq, Inc, Getty, Financial, Bloomberg, Lawmakers, U.S ., Appeals, Circuit, Congress, Federal Reserve, 5th Circuit, Congressional Research Service, Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors Locations: Washington .

☆ The job market is strong, economists say — but workers don’t think so
▼ + stars: | 2023-10-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

The job market is stable but not 'gangbusters'Several metrics — including job openings, quits, layoffs and the unemployment rate — suggest the labor market is healthy, economists said. I think a lot of folks are comparing the labor market today to a year or two ago when things were hot. The problems with the 2021, 2022 job marketsIn fact, job openings rose significantly, by 690,000, to 9.6 million in August, the Labor Department reported Tuesday. And the broader trend is clear: Job openings, along with quits and hires, have cooled from their pandemic-era peaks, economists said. "I think a lot of folks are comparing the labor market today to a year or two ago when things were hot," Zhao said.

Persons: Daniel Zhao, Zhao, Pollak Organizations: Bank, Getty, Federal Reserve, U.S . Department of Labor, Labor Department

☆ Biden ESG rule survives challenge in court. 'Tonal shift’ may be biggest victory, lawyer says
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Biden administration rule — which took effect Jan. 30 — was one facet of a White House effort to address climate change. Biden's ESG rule replaced a regulation issued by the Trump administration. That's because ERISA, a federal retirement law, disallows employers from picking investments for ideological reasons. The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors. "The Biden administration was concerned that the spin around the Trump rule might have chilled plans' willingness to consider ESG factors in evaluating plan investments," Iwry said.

Persons: Joe Biden, Marty Walsh, Anna Moneymaker, —, Biden, Biden's, Trump, PSCA, Andrew Oringer, Oringer, DOL, gunning, Mark Iwry, Obama, Matthew Kacsmaryk, Mark Iwry nonresident, Iwry, Mischa Keijser Organizations: Labor, White, Getty, of America, U.S . Department of Labor, Northern District of Texas, Wagner Law, Department of Labor, Biden, Trump, Brookings Institution, U.S . Department of, Treasury, Brookings, Labor Department Locations: Rose, Northern District, Texas

☆ Here's what a government shutdown would mean for your wallet
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

During a shutdown, the federal government ceases operations that are deemed non-essential. Win Mcnamee | Getty Images News | Getty ImagesIt's poised to occur this year as hard-right conservatives in the Republican-controlled House are using a possible shutdown as leverage to force deep cuts in federal spending. watch nowMillions may also lose certain federal benefits, with that threat increasing with the length of a shutdown, experts said. Food assistance through the Supplemental Nutrition Assistance, or SNAP, program is "on better footing" than WICs, which would likely be affected within days of shutdown, Sprick said. Section 8 housing vouchers, which are for families with low incomes, seniors and people with disabilities, would also be at risk, Sprick said.

Persons: —, Kevin McCarthy, Win Mcnamee, Sprick, Mark Zandi, Zandi, Emerson Sprick Organizations: Bloomberg Creative, Bloomberg, Getty, Republican, Center, Congressional Research Service, Social Security, Congressional, Workers, Moody's, Contractors, Women, Assistance, SNAP, Loans, Small, Administration, U.S . Department of Education, Education, Center Service, Social Security Administration, Travelers, Transportation Security Administration, United Auto Workers Locations: U.S

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