New Financial Help from Union Plus for College
Union Privilege’s Jennifer Wright Dorr sends us the latest on a new Union Plus College Savings Grant for working families.
With the economy in a seemingly endless free fall, the rising cost of a college education is putting working families in a bind. However, if you open a new college savings account, your union may be able to help.
The new Union Plus College Savings Grant offers $500 to qualified union members who open a new tax-free “529″ college savings or prepaid tuition plan by June 30, 2009. You are eligible for the $500 grant if you have had a Union Plus credit card, mortgage or UnionSecure insurance policy for one year and contribute at least $1,000 dollars in the account by Nov. 30, 2009.
600,000 Jobs Lost: How Bad Does It Have to Get for Republicans to Act?
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With today’s unemployment report showing nearly 600,000 jobs lost in January—worsening the U.S. unemployment rate from 7.2 percent to 7.6 percent—will obstructionist Republicans in Congress finally move the economic recovery bill?
From Bloomberg:
“Last month’s losses mark the first time since records began in 1939 that job cuts exceeded half a million in three consecutive months.”
While the official unemployment rate of 7.6 percent is really bad, the unofficial rate—which includes underemployed workers and those who have become too discouraged to look for work—is 13.8 percent. Some 21.5 million workers are either unemployed, working part time for economic reasons or dropping out of the labor force because they can’t find work.
