By 2030 U.S. Standard of Living Could Decline to 2000 Level, According to Accenture

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By 2030 U.S. Standard of Living Could Decline to 2000 Level, According to Accenture
Source: Accenture

According to Accenture (NYSE:ACN), the U.S. standard of living is in danger of declining by 9 percent by 20301 – back to the level it was in 2000 – due to three major economic threats: an aging population, lower workforce participation and a flat or declining labor productivity growth rate.

The Accenture analysis is outlined in a new report, U.S. States: For Richer, For Poorer? Winning the battle for talent and securing our standard of living, which advocates that state governments develop and execute strategies to ensure a sufficient supply of talent to meet the country’s workforce demands. According to the U.S. Bureau of Labor Statistics, current workforce participation rates are at their lowest since 1977.

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Postsecondary Institutions and Price of Attendance in 2013-14; Degrees and Other Awards Conferred: 2012-13; and 12-Month Enrollment: 2012-13: First Look (Provisional Data)

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Postsecondary Institutions and Price of Attendance in 2013-14; Degrees and Other Awards Conferred: 2012-13; and 12-Month Enrollment: 2012-13: First Look (Provisional Data)
Source: National Center for Education Statistics

This First Look report is a revised version of the preliminary report released on July 10, 2014. It includes fully edited and imputed data from the Integrated Postsecondary Education Data System (IPEDS) fall 2013 collection,, which included three survey components: Institutional Characteristics for the 2013-14 academic year, Completions covering the period July 1, 2012, through June 30, 2013, and data on 12-Month Enrollment for the 2012-13 academic year.

CDC — Outbreak of Ebola in Guinea, Liberia, and Sierra Leone

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Outbreak of Ebola in Guinea, Liberia, and Sierra Leone
Source: Centers for Disease Control and Prevention

Highlights

  • July 23, 2014, the Guinea Ministry of Health announced a total of 427 suspect and confirmed cases of Ebola virus disease (EVD), including 319 fatal cases.
  • Affected districts include Conakry, Guéckédou, Macenta, Kissidougou, Dabola, Djingaraye, Télimélé, Boffa, Kouroussa, Dubreka, Fria, and Siguiri; several are no longer active areas of EVD transmission (see map).
  • 311 cases across Guinea have been confirmed by laboratory testing to be positive for Ebola virus infection.
  • In Guinea’s capital city, Conakry, 73 suspect cases have been reported to meet the clinical definition for EVD, including 37 fatal cases.
  • July 23, 2014, the Ministry of Health and Sanitation of Sierra Leone and WHO reported a cumulative total of 525 suspect and confirmed cases, including 419 laboratory confirmations and 224 reported fatal cases.
  • Cases have been reported from 6 Sierra Leone districts: Kailahun, Kambia, Port Loko, Kenema, Bo, and Western.
  • July 23, 2014, the Ministry of Health and Social Welfare of Liberia and WHO have reported 249 suspect and confirmed EHF cases (including 84 laboratory confirmations) and 129 reported fatalities.
  • Genetic analysis of the virus indicates that it is closely related (97% identical) to variants of Ebola virus (species Zaire ebolavirus) identified earlier in the Democratic
  • Republic of the Congo and Gabon (Baize et al. 2014External Web Site Icon).
  • The Guinean Ministry of Health, the Ministry of Health and Sanitation of Sierra Leone, and the Ministry of Health and Social Welfare of Liberia are working with national and international partners to investigate and respond to the outbreak.

Facts for Features: Back to School: 2014-2015

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Facts for Features: Back to School: 2014-2015
Source: U.S. Census Bureau

By August, summertime will be winding down and vacations will be coming to an end, signaling that back-to-school time is near. It’s a time that many children eagerly anticipate — catching up with old friends and making new ones, and settling into a new daily routine. Parents and children alike scan newspapers and websites looking for sales on a multitude of school supplies and the latest clothing fads and essentials. This edition of Facts for Features highlights the many statistics associated with the return to classrooms by our nation’s students and teachers.

Office of the Special Inspector General for the Troubled Asset Relief Program – Quarterly Report to Congress: July 30, 2014

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SIGTARP Quarterly Report to Congress: July 30, 2014 (PDF)
Source: Office of the Special Inspector General for the Troubled Asset Relief Program

Quarterly Report Highlights

– $424.5 billion – Amount spent under TARP

– $25.7 billion – Amount available to be spent under TARP

– $38.6 billion – Amount still owed to taxpayers under TARP

– $39 billion, $27 billion, $40.3 billion – Estimated cost of TARP as projected by OMB, CBO, and Treasury, respectively

Medicaid and the Elderly

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Medicaid and the Elderly
Source: Center for Retirement Research at Boston College

The brief’s key findings are:

  • Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care.
  • The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in their late 90s.
  • Even higher-income retirees who never receive Medicaid benefit from the insurance value that it provides, which allows them to maintain smaller reserves.
  • The analysis suggests that single retirees of all incomes value current Medicaid benefits at more than their cost but an expansion at less than its cost.

How America Saves 2014

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How America Saves 2014
Source: Vanguard

How America Saves 2014 is here! This comprehensive report analyzes the saving, investing, and account activity trends in defined contribution (DC) plans at Vanguard. The report offers useful insights into current issues affecting DC plans, including employer contribution trends, automatic plan features, use of target-date funds, and use of advice services.

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