At the end of 2016, 28 percent of adults who had health insurance were underinsured, according to the Commonwealth Fund - a percentage that translates to 41 million people. Commonwealth defines “underinsured” as people whose out-of-pocket health expenses are 10 percent or more of household income, and the number has more than doubled since 2003.
Bank of England Governor Mark Carney says the central bank would be nimble enough to keep inflation under control whatever the outcome of the country’s negotiations to leave the European Union. [ Reut.rs Link ]
Defined by the U.S. Census Bureau as being those born between 1982 and 2000 -- so between 35 and 17, now -- millennials face tougher borrowing rules, rising home prices, and lower income mobility, a Credit Suisse survey said.
Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde says, but would hurt Asian economies with open and free markets if it did. [ Reut.rs Link ]
As the Trump presidency approached a one-year anniversary on Wednesday, total net assets under management of U.S. mutual funds including exchange-traded funds climbed by a sixth to $21.1 trillion over the one-year period ending Sept. 30.
Cash-rich tech companies with big international presence, such as Microsoft, are likely to return cash to shareholders via a one-time dividend even if Congress passes a repatriation bill rather than a broad tax reform.