Browsed by
Month: August 2024

Lacking confidence in your financial decisions? Where to find help

Lacking confidence in your financial decisions? Where to find help

By Joe Yerardi | NerdWallet

How much money should you have in your emergency fund? What percentage of your income should you be saving for retirement?

Financial questions like these can be high-stakes. And reaching the right decision on them can seem complex and difficult, in part because there’s just so much information out there.

If you feel daunted by making financial decisions like these, you’re not alone. Less than half (47%) of Americans feel confident in their ability to make good financial decisions, according to a recent NerdWallet survey conducted online by The Harris Poll in July.

Financial confidence grows with age and wealth

People’s confidence in their financial decision-making increases with their age, income and education.

Less than a third (30%) of Gen Zers (ages 18-27) say they are confident in their ability to make good financial decisions. Thirty-nine percent of Millennials (ages 28-43), 47% of Gen Xers (ages 44-59), and 62% of baby boomers (ages 60-78) say they are confident.

Just 38% of Americans with an annual household income of less than $50,000 reported feeling confident in their ability to make good financial decisions. That compares with 49% of those making $75,000-$99,999 and 55% of those making $100,000 and more. read more

Sensors can read your sweat and predict overheating. Here’s why privacy advocates care

Sensors can read your sweat and predict overheating. Here’s why privacy advocates care

By CATHY BUSSEWITZ, AP Business Writer

On a hot summer day in Oak Ridge, Tennessee, dozens of men removed pipes, asbestos and hazardous waste while working to decontaminate a nuclear facility and prepare it for demolition.

Dressed in head-to-toe coveralls and fitted with respirators, the crew members toiling in a building without power had no obvious respite from the heat. Instead, they wore armbands that recorded their heart rates, movements and exertion levels for signs of heat stress.

Stephanie Miller, a safety and health manager for a U.S. government contractor doing cleanup work at the Oak Ridge National Laboratory, watched a computer screen nearby. A color-coding system with little bubbles showing each worker’s physiological data alerted her if anyone was in danger of overheating.

“Heat is one of the greatest risks that we have in this work, even though we deal with high radiation, hazardous chemicals and heavy metals,” Miller said.

As the world experiences more record high temperatures, employers are exploring wearable technologies to keep workers safe. New devices collect biometric data to estimate core body temperature – an elevated one is a symptom of heat exhaustion – and prompt workers to take cool-down breaks. read more