A Week's Worth: Quick takes on the world of work and money
The Dow gains ground, concerns rise over use of Social Security numbers, most Americans expect to move after retirement.
• Expectations that the Federal Reserve is about to lower interest rates helped push the Dow Jones Industrial Average up by 2.5 percent last week – its biggest gain since early April.
•More and more people are alarmed at requests to divulge their Social Security numbers and want new limits on how government and business can use them. The number can unlock one's financial identity, especially in cases that have nothing to do with filing a tax return or applying for credit. Eighty-nine percent of respondents to a Consumer Reports survey said federal and state legislators should act on their concerns.
•Only 10 percent of Americans are so happy with their current homes that they plan to remain there once they retire, if results of a new survey are any indication. Conversely, 53 percent of respondents to the Today's Home Shopper poll expect to move – even if only a few minutes away. The findings, researchers say, suggest there will be a large pool of prospective home buyers in the "active adult community" market. The poll sampled more than 1,000 people in Washington and Baltimore.
•For the most part, employees who say they're satisfied with their pay are at least 45, in upper management, or own their own businesses, Express Personnel Services reports. Polling people from a cross section of industries, it found almost an even split between those who considered themselves well paid and those who don't. The "no" group generally had less than a four-year college education and had been with their current employers no more than five years.