
<p>Retirement insights from a Colorado PERA perspective</p>



<p></p>


A distant view shows a mountainous landscape with sloping peaks, green trees in the foreground, and a cloudy sky above.


<p class="has-medium-font-size"><a href="https://coloradosun.com/2025/05/20/colorado-aging-demographics/" target="_blank" rel="noreferrer noopener"><strong>Colorado’s Median Age is Nearing 40 — and Getting Older. Here’s What That Looks Like. | The Colorado Sun</strong></a></p>



<p>Colorado has long been one of the “youngest” states in the country as measured by median age of its population, but that’s changing as birth rates and migration into the state have declined. The Centennial State’s median age has crept up to 37.9 years old, which is still one of the lowest in the nation, but our state is now aging at the third-fastest rate.</p>



<p class="has-medium-font-size"><a href="https://www.kiplinger.com/retirement/401ks/new-bill-would-lower-age-to-contribute-to-401k-to-18-from-21" target="_blank" rel="noreferrer noopener"><strong>New Bill Would Lower Age to Contribute to 401(k)s to 18 from 21. What You Need to Know | Kiplinger</strong></a></p>



<p>Federal lawmakers have reintroduced a bill that seeks to expand access to employer-based retirement plans like 401(k)s for younger workers. The Helping Young Americans Save for Retirement Act would lower the minimum required age to 18 from 21 and make it easier for employers to offer plans to those workers.</p>



<p class="has-medium-font-size"><a href="https://www.aarp.org/health/conditions-treatments/fda-approves-alzheimers-blood-test/" target="_blank" rel="noreferrer noopener"><strong>What to Know about the First FDA-Cleared Blood Test for Alzheimer’s Disease | AARP</strong></a></p>



<p>The Food and Drug Administration has for the first time given approval to a blood test that can help diagnose Alzheimer’s disease. Diagnosing Alzheimer’s traditionally involves brain imaging and invasive procedures like lumbar punctures, so doctors hope a simple blood test will make it easier to identify the disease. &nbsp;</p>



<p class="has-medium-font-size"><a href="https://www.realsimple.com/signs-you-are-aging-well-11739429" target="_blank" rel="noreferrer noopener"><strong>5 Subtle Signs You’re Aging Well, According to Longevity Experts | Real Simple</strong></a></p>



<p>We hear a lot about aging and some of the health concerns and other issues that can arise, but how do you know you’re aging well? Here are five things that medical experts say are good signs you’re living your best life as you get older.</p>



<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Colorado is Getting Older Faster


<h4 class="wp-block-heading"><a href="https://www.cbsnews.com/news/when-will-i-get-my-2025-tax-refund/" target="_blank" rel="noreferrer noopener"><strong>Will the Expected IRS Staff Cuts Delay my 2025 Tax Refund? | CBS News</strong></a></h4>



<p>The federal government’s downsizing efforts have extended to the Internal Revenue Service, where thousands of positions are expected to be cut in the middle of the busy tax season. While most taxpayers likely won’t encounter any trouble with their returns, there may be delays for anyone who needs to reach out to the IRS for customer service.</p>



<h4 class="wp-block-heading"><a href="https://www.forbes.com/sites/dandoonan/2025/03/03/the-unsung-economic-engine-retiree-pension-spending/" target="_blank" rel="noreferrer noopener"><strong>The Unsung Economic Engine: Retiree Pension Spending | Forbes</strong></a></h4>



<p>An annual analysis from the National Institute on Retirement Security highlights the significant contributions retirees make to local and national economies. Their pension spending results in $1.5 trillion in economic output and supports 7.1 million jobs nationwide, according to NIRS. On a more local level, PERA <a href="https://www.copera.org/pera-on-the-issues/measuring-the-impact-of-4-5b-in-annual-retirement-benefits-in-colorado" target="_blank" rel="noreferrer noopener">paid $4.55 billion in benefits</a> to more than 114,000 retirees who lived in Colorado 2023, resulting in $7.1 billion in economic output and supporting more than 28,000 jobs.</p>



<h4 class="wp-block-heading"><a href="https://401kspecialistmag.com/401k-millionaire-ranks-grew-27-in-2024-fidelity/" target="_blank" rel="noreferrer noopener"><strong>401(k) Millionaire Ranks Up 27% in 2024, Says Fidelity | 401k Specialist</strong></a></h4>



<p>Retirement plan recordkeeper Fidelity says its data show a significant increase in the number of people with over a million dollars saved for retirement last year. The company noted a 27% increase in 401(k) “millionaires” over the course of 2024, most of them members of the Baby Boom generation and Generation X. On average, they’ve been saving for 26 years and contribute 17% of their income to their retirement accounts, according to Fidelity.</p>



<h4 class="wp-block-heading"><a href="https://www.mcknightsseniorliving.com/news/more-older-adults-living-disability-free-lives-and-thats-extremely-encouraging-researcher-says/" target="_blank" rel="noreferrer noopener"><strong>More Older Adults Living Disability-Free Lives, and That’s ‘Extremely Encouraging,’ Researcher Says | McKnight&#8217;s Senior Living</strong></a></h4>



<p>We know people tend to live longer than they did generations ago, and new research sheds some light on the quality of that extended lifespan. A recent analysis finds that the percentage of older Americans who say they’re living without a disability has increased in recent years—reaching 65% in 2017.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Will IRS Staff Reductions Affect Tax Filing Season?


<h4 class="wp-block-heading"><a href="https://coloradosun.com/2024/12/10/colorado-economic-forecast-2025/" target="_blank" rel="noreferrer noopener"><strong>Colorado Experts Predict What the Economy Will Look Like in 2025 | The Colorado Sun</strong></a></h4>



<p>Every year, local experts have the difficult task of taking stock of the state economy and predicting what a new year will bring. For 2025, experts say the state’s population continues to grow, albeit slower than in years past. And that slower growth rate could have a ripple effect on the job market as employers struggle to find enough employees to fill open positions.</p>



<h4 class="wp-block-heading"><a href="https://www.irs.gov/newsroom/irs-urges-many-retirees-to-make-required-withdrawals-from-retirement-plans-by-year-end-deadline" target="_blank" rel="noreferrer noopener"><strong>IRS Urges Many Retirees to Make Required Withdrawals by Year-End Deadline | Internal Revenue Service</strong></a></h4>



<p>If you’re retired and you have savings in a defined contribution plan like a 401(k), 457, or IRA, you’re likely required to make minimum required distributions (RMDs) by the end of each year. The IRS sent out a notice reminding retirees of the deadline and new rules enacted under the SECURE 2.0 Act.</p>



<h4 class="wp-block-heading"><a href="https://www.kiplinger.com/personal-finance/quiz-test-your-financial-literacy" target="_blank" rel="noreferrer noopener"><strong>Quiz: Test Your Financial Literacy | Kiplinger</strong></a></h4>



<p>How would you rate your financial literacy? Believe it or not, three simple questions can help you gauge your literacy. If you can correctly answer all three multiple-choice questions, you’re doing better than over half of all Americans.</p>



<h4 class="wp-block-heading"><a href="https://www.usatoday.com/story/money/personalfinance/real-estate/2024/12/10/how-america-can-age-in-plaec/76826197007/" target="_blank" rel="noreferrer noopener"><strong>Baby Boomers Are Aging, and Most Want to Stay at Home Forever | USA Today</strong></a></h4>



<p>A recently released survey from AARP finds that an overwhelming majority of Americans say they want to stay in their homes and their local communities while they age, but many are unsure they’ll be able to do so. Half of the survey’s respondents said they were not confident their current living situation will meet their needs in the future, and over half of that group said they expect to move.</p>



<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: How Will Colorado’s Economy Fare in 2025?


<h4 class="wp-block-heading"><strong><a href="https://money.com/trump-2024-victory-money-impact/" target="_blank" rel="noreferrer noopener">Donald Trump is the President-Elect. Here’s What It Means for Your Wallet | Money</a></strong></h4>



<p>Former President Donald Trump has won another term in the White House. What does that mean for the economy and the finances of everyday Americans? Here’s what we can likely expect, based on what Trump has said on the campaign trail.</p>



<h4 class="wp-block-heading"><a href="https://coloradosun.com/2024/10/23/colorado-hospital-price-lookup/" target="_blank" rel="noreferrer noopener"><strong>Coloradans Can Now Compare Hospital Prices for Specific Procedures, Insurance Plans | The Colorado Sun</strong></a></h4>



<p>The State of Colorado is looking to make it easier for people to shop around for their medical costs. A new website, ColoradoHospitalPrices.com, provides a one-stop shop for searching and comparing costs for various procedures and other medical care at different hospitals. The site also shows what different insurance providers pay for the same procedure. Officials hope the added transparency will help Coloradans lower their costs and increase competition between providers and facilities.</p>



<h4 class="wp-block-heading"><a href="https://www.usatoday.com/story/money/2024/11/03/new-required-minimum-distribution-2024/76026379007/" target="_blank" rel="noreferrer noopener"><strong>3 New Required Minimum Distribution (RMD) Rules Everyone Should Know for 2024 | USA Today</strong></a></h4>



<p>The end of the year is approaching and so is the deadline for most people to take their annual required minimum distributions (RMDs) from retirement accounts. There have been some changes to RMD rules in recent years, so make sure you’re up-to-date and don’t face any penalties for not meeting the requirements.</p>



<h4 class="wp-block-heading"><a href="https://fortune.com/well/article/end-of-life-planning-conversation/" target="_blank" rel="noreferrer noopener"><strong>How to Discuss End-of-Life Planning with Aging Parents | Fortune Well</strong></a></h4>



<p>Talking about death can be uncomfortable or even taboo, but it’s an important discussion to have with loved ones. Here are some tips for navigating conversations about end-of-life wishes with parents who are getting older.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: What a Second Trump Presidency Could Mean for Your Finances


<h4 class="wp-block-heading"><a href="https://www.nerdwallet.com/article/finance/when-the-fed-cuts-rates" target="_blank" rel="noreferrer noopener"><strong>What Happens Now That the Fed Finally Cut Rates? | NerdWallet</strong></a></h4>



<p>Federal Reserve Chair Jerome Powell recently announced the central bank would lower its key interest rate for the first time since 2020. While a rate cut was expected, some were surprised by the Fed’s decision to slash the rate by 0.5% instead of a more incremental 0.25%. Here’s what lower interest rates could mean for your finances and the economy as a whole.</p>



<h4 class="wp-block-heading"><a href="https://www.govexec.com/pay-benefits/2024/09/lawmakers-successfully-force-vote-eliminating-windfall-elimination-provision/399759/" target="_blank" rel="noreferrer noopener"><strong>Lawmakers Successfully Force a Vote on Eliminating the Windfall Elimination Provision | Government Executive</strong></a></h4>



<p>The federal lawmakers leading the charge on H.R. 82—aka the Social Security Fairness Act, which would repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)—have succeeded in their efforts to force a floor vote on the issue. Reps. Abigail Spanberger (D-VA) and Garret Graves (R-LA) used a rare tactic called a discharge petition, which reached the necessary threshold of 218 signatures to bypass Congressional leadership and get a vote on the floor of the House of Representatives. A vote likely won’t happen until at least November, and the bill would still have to pass the Senate before the conclusion of this Congress in January.</p>



<h4 class="wp-block-heading"><a href="https://www.cnbc.com/2024/09/24/september-consumer-confidence-falls-the-most-in-three-years.html" target="_blank" rel="noreferrer noopener"><strong>September Consumer Confidence Falls the Most in Three Years | CNBC</strong></a></h4>



<p>The latest survey data show American consumers are increasingly pessimistic about the current and future state of the economy. According to the monthly Conference Board report, its consumer confidence index dropped to 98.7 in August, marking the biggest single-month decline since 2021. Survey respondents largely cited the weakening job market and the effects of inflation as their main concerns.</p>



<h4 class="wp-block-heading"><strong><a href="https://www.ecu.edu.au/newsroom/articles/research/travel-could-be-the-best-defence-against-ageing" target="_blank" rel="noreferrer noopener">Travel Could Be the Best Defense Against Aging | Edith Cowan University</a></strong></h4>



<p>If your retirement plans include travel, you could be doing yourself the favor of improving your health and slowing down the aging process. According to new research from Edith Cowan University in Australia, the pleasure we derive from travel activities—such as unplugging from daily life, getting more exercise, and having new experiences—can help alleviate stress and boost our overall functioning, which can help slow down the clock in terms of aging.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: What Lower Interest Rates Mean For Your Finances


<h4 class="wp-block-heading"><a href="https://www.nextavenue.org/us-national-plan-on-aging/" target="_blank" rel="noreferrer noopener"><strong>U.S. Finally Has a Plan on Aging: Will We Use It? | Next Avenue</strong></a></h4>



<p>A collection of federal agencies known as The Interagency Coordinating Committee on Healthy Aging and Age-Friendly Communities has taken its first step toward developing a nationwide plan for supporting aging adults. The report focuses on four key areas: age-friendly communities, housing, long-term care, and health and well-being. Officials expect to release a more detailed action plan after listening to feedback from the public.</p>



<h4 class="wp-block-heading"><a href="https://www.kiplinger.com/taxes/irs-ends-confusion-annual-rmds-required-for-many-inherited-iras" target="_blank" rel="noreferrer noopener"><strong>New IRS Inherited IRA Rules: Annual RMDs Required for Many Beneficiaries | Kiplinger</strong></a></h4>



<p>The IRS issued final rules that clarify the requirements for people who inherit an individual retirement account (IRA) from the original account holder. Beginning in 2025, most non-spouse beneficiaries will have to take required minimum distributions (RMDs) and deplete the account within 10 years.</p>



<h4 class="wp-block-heading"><a href="https://www.investmentnews.com/regulation-and-legislation/news/second-court-blocks-all-aspects-of-dols-fiduciary-rule-255828" target="_blank" rel="noreferrer noopener"><strong>Second Court Blocks All Aspects of DOL&#8217;s Fiduciary Rule | InvestmentNews</strong></a></h4>



<p>Two district court judges have halted implementation of the Department of Labor’s new fiduciary rule. That rule, which had been set to go into effect in September, aims to increase protections for retirement savers by expanding the definition of who in the financial services sector is considered a fiduciary and is therefore required to act in their clients’ best interests. Insurance companies had sued the government to try to prevent the rule from taking effect.</p>



<h4 class="wp-block-heading"><a href="https://hbr.org/2024/07/why-people-resist-retirement" target="_blank" rel="noreferrer noopener"><strong>Why People Resist Retirement | Harvard Business Review</strong></a></h4>



<p>Making the decision to retire is a complex and personal process, and it usually involves financial and health factors. But for some, transitioning into retirement is a challenge for various psychological reasons. New research from Harvard found three main obstacles prospective retirees face that aren’t financial: changes in identity, purpose, and relationships.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: U.S. Releases Federal Framework on Aging


<h4 class="wp-block-heading"><a href="https://www.irs.gov/newsroom/irs-makes-direct-file-a-permanent-option-to-file-federal-tax-returns-expanded-access-for-more-taxpayers-planned-for-the-2025-filing-season" target="_blank" rel="noreferrer noopener"><strong>IRS Makes Direct File a Permanent Option to File Federal Tax Returns | Internal Revenue Service</strong></a></h4>



<p>During the last filing season, the Internal Revenue Service tested out a new system that allowed taxpayers in a dozen states to file directly with the IRS rather than using third-party tax preparers or software. The IRS says it plans to expand the system nationally and cover additional tax situations next year.</p>



<h4 class="wp-block-heading"><a href="https://www.cnn.com/2024/06/05/investing/texas-stock-exchange/index.html?utm_term=1717673554632efed536092f5&amp;utm_source=cnn_Before+the+Bell+Thursday+6%2F6%2F24&amp;utm_medium=email&amp;bt_ee=5bhqpLc8vzFxpxpWhZTTt%2B3%2BaeKGqj8SPk%2FvnOmLul1SpxR9qRwnCPgsOXVbv36V&amp;bt_ts=1717673554634" target="_blank" rel="noreferrer noopener"><strong>Texas is Coming for Wall Street With a New BlackRock-Backed Stock Exchange | CNN Business</strong></a></h4>



<p>The New York Stock Exchange and Nasdaq may get all the attention, but they’re not the only stock exchanges in the United States, and there could soon be one more. A group backed by some large investors is planning to open a new national exchange in Dallas, Texas. The group is aiming to have the new stock exchange up and running in 2026.</p>



<h4 class="wp-block-heading"><a href="https://www.healthyagingpoll.org/reports-more/poll-extras/most-older-adults-dont-know-about-resources-can-help-them-navigate-aging" target="_blank" rel="noreferrer noopener"><strong>Most Older Adults Don’t Know About Resources That Can Help Them Navigate Aging &amp; Caregiving | National Poll on Healthy Aging</strong></a></h4>



<p>A recent poll of Americans over the age of 50 found many people aren’t aware of and don’t use services and programs aimed at helping aging adults. The National Poll on Healthy Aging found fewer than 10% of people had used or knew a lot about programs such as Area Agencies on Aging (AAAs) and State Health Insurance Assistance Programs (SHIPs), which offer support at the local level.</p>



<h4 class="wp-block-heading"><a href="https://www.kiplinger.com/retirement/aging-parents-what-you-need-to-know" target="_blank" rel="noreferrer noopener"><strong>Four Things You Need to Know About Your Aging Parents | Kiplinger</strong></a></h4>



<p>As members of Generation X and Millennials get older, they’re increasingly finding themselves stepping into the roles of caregivers for aging parents. Those parents haven’t always taken the necessary steps for succession planning or communicated their needs and wants to their children, so it’s important to ask the right questions. Here are some tips for getting started.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: IRS Making Direct File System Permanent


<h2 class="wp-block-heading" style="font-size:28px"><a href="https://content.copera.org/news-you-should-know-lawmakers-reintroduce-federal-auto-ira-bill/" target="_blank" rel="noreferrer noopener"><strong>Federal Automatic IRA Bill Introduced in the House | TheStreet</strong></a></h2>



<p>Lawmakers in Congress have reintroduced a bill that aims to boost retirement savings for the millions of Americans who don’t have access to a retirement plan at work. The Automatic IRA Act of 2024 would create a system for automatically enrolling workers in individual retirement accounts (IRAs) similar to the auto-enrollment plans that several states, including Colorado, have set up in recent years.</p>



<h2 class="wp-block-heading" style="font-size:28px"><a href="https://www.cnbc.com/2024/02/09/limiting-retirement-plan-tax-perks-may-help-social-security-experts-say.html" target="_blank" rel="noreferrer noopener"><strong>Limiting Retirement Plan Tax Perks May Help Social Security, Experts Say | CNBC</strong></a></h2>



<p>A new research paper from the Center for Retirement Research at Boston College is making a splash for its controversial proposal for shoring up Social Security’s finances. The paper promotes the idea of eliminating tax incentives for defined contribution plans like 401(k)s. That means workers would pay tax on their retirement plan contributions, and that tax revenue could be put toward improving Social Security’s funding. The paper has received pushback from those who argue workers will be less likely to save for retirement without tax incentives.</p>



<h2 class="wp-block-heading" style="font-size:28px"><a href="https://finance.yahoo.com/news/why-the-1960s-can-help-us-understand-our-confusing-economic-mood-163052769.html" target="_blank" rel="noreferrer noopener"><strong>Why the 1960s Can Help Us Understand Our Confusing Economic Mood | Yahoo! Finance</strong></a></h2>



<p>Despite a growing economy, public sentiment remains stubbornly low, baffling some economists and political experts. In some ways, our current economic mood mirrors the 1960s, a decade marked by a booming economy but also social upheaval and, toward the end of the decade, rising inflation.</p>



<h2 class="wp-block-heading" style="font-size:28px"><a href="https://www.kiplinger.com/retirement/guide-to-caring-for-your-aging-parents" target="_blank" rel="noreferrer noopener"><strong>Caring for Your Aging Parents: A Seven-Step Guide | Kiplinger</strong></a></h2>



<p>Finding yourself responsible for the care of people who used to care for you can be an overwhelming experience. Here are a few key considerations and tips for tackling them, from finances and logistics to remembering your own needs and capabilities.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: Lawmakers Reintroduce Federal Auto-IRA Bill


<h4 class="wp-block-heading"><strong><a href="https://www.pewtrusts.org/en/research-and-analysis/articles/2023/12/22/retirement-assets-in-state-automated-savings-programs-hit-1-billion" target="_blank" rel="noreferrer noopener">Retirement Assets in State Automated Savings Programs Hit $1 Billion | The Pew Charitable Trusts</a></strong></h4>



<p>Automated retirement savings programs, such as Colorado SecureSavings, have amassed more than $1 billion in total assets since states started launching the plans just a few years ago. The programs aim to help private-sector workers who don’t have access to a retirement plan at work, and so far have automatically enrolled more than 800,000 workers.</p>



<h4 class="wp-block-heading"><strong><a href="https://www.copera.org/news-you-should-know-states-auto-enroll-retirement-plans-surpass-1-billion" target="_blank" rel="noreferrer noopener" class="broken_link">Medicare Adding New Types of Mental Health Providers on Jan. 1, 2024 | Axios</a></strong></h4>



<p>As of Jan. 1, Medicare covers marriage and family therapists and mental health counselors in addition to the psychologists, psychiatrists and other providers who had previously been covered. It’s the first expansion of Medicare’s coverage for mental health providers since the late 1980s.</p>



<h4 class="wp-block-heading"><strong><a href="https://coloradosun.com/2024/01/09/meals-on-wheels-covid-dollars/" target="_blank" rel="noreferrer noopener">Services For Older Coloradans Are Shrinking as COVID Aid Ends | The Colorado Sun</a></strong></h4>



<p>Local agencies that provide meals, rides, and other services to aging Coloradans are asking policymakers for more money as COVID funds run out and the demand for services grows. Officials say there’s not enough funding to serve everyone in need, and some agencies now have thousands of people on waitlists.</p>



<h4 class="wp-block-heading"><strong><a href="https://www.nextavenue.org/longevity-literacy-is-key-to-retirement-readiness/" target="_blank" rel="noreferrer noopener">Longevity Literacy Is Key to Retirement Readiness | Next Avenue</a></strong></h4>



<p>How well do you know your life expectancy? Experts say longevity risk — the possibility of living longer than expected and running out of money — is one of the biggest risks retirees without access to a lifetime benefit like PERA face, and too many people underestimate how long they’ll live. By boosting their longevity literacy, workers can enter retirement feeling much more confident and prepared, researchers say.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


News You Should Know: States’ Auto-Enroll Retirement Plans Surpass $1 Billion


<h4 class="wp-block-heading"><a href="https://www.msn.com/en-us/health/medical/colorado-will-consider-capping-the-price-of-these-5-widely-prescribed-drugs/ar-AA1fdguq" target="_blank" rel="noreferrer noopener"><strong>Colorado Will Consider Capping the Price of These 5 Widely Prescribed Drugs | The Denver Post via MSN</strong></a></h4>



<p>The Colorado legislature passed a law that created the Prescription Drug Affordability Board in 2021. That board has the power to set maximum prices for up to 12 drugs a year, and the board has released the first five drugs it aims to cap. The drugs include costly medications to treat various autoimmune diseases, cystic fibrosis, and others.</p>



<h4 class="wp-block-heading"><a href="https://content.copera.org/news-you-should-know-colorado-considering-price-caps-for-5-common-medications/" target="_blank" rel="noreferrer noopener"><strong>AAA to AA+: How Fitch’s U.S. Downgrade Hits You | Nasdaq</strong></a></h4>



<p>The credit-rating agency Fitch Ratings recently downgraded the United States’ rating slightly from AAA to AA+. That move primarily affects the cost of government borrowing, but there could be some ripple effects for everyday Americans, as well.</p>



<h4 class="wp-block-heading"><a href="https://www.cnn.com/2023/08/08/economy/us-household-credit-card-debt/index.html" target="_blank" rel="noreferrer noopener"><strong>Americans&#8217; Credit Card Debt Hits a Record $1 Trillion | CNN Business</strong></a></h4>



<p>For the first time, the collective amount of credit card debt Americans hold has reached $1 trillion. Card balances have been on the rise for a while, and experts say that’s likely to continue since interest rates and prices for goods and services remain elevated.</p>



<h4 class="wp-block-heading"><a href="https://www.marketplace.org/2023/08/01/grandternity-leave-newest-form-of-parental-leave/" target="_blank" rel="noreferrer noopener"><strong>Some Companies Consider &#8220;Grandternity&#8221; Leave for Older Workers | Marketplace</strong></a></h4>



<p>Americans are living and working longer, and that means there’s growing attention to the benefits needs of the aging workforce. One benefit companies are beginning to offer that we could see expand in the coming years is so-called “grandternity” leave for workers who want to take paid time off for the birth of a grandchild.</p>



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<p><em>News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.</em></p>


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