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Consumer Fraud: Statistics, Trends, and Tips

Money Talk

The top two fraud categories were identity theft and imposter scams. Fraud Categories- Widely-reported fraud categories include online shopping. Reports and losses related to cryptocurrency investment scams increased sharply from October 2020 through March 2021. million fraud reports were logged by state and federal (e.g.,

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The Impact of Indexing: 13 Real World Examples

Money Talk

In addition, maximum taxable earnings will increase to $147,000, a quarter of coverage to $1,510, and the earnings limit under full retirement age to $19,560. a $59 increase for every $1,000 of benefits) in 2022. In addition, the annual exclusion for gifts will increase to $16,000, up from $15,000.

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Quarter of large employers have seen increase in pension scheme opt-outs

Employee Benefits

A quarter (26%) of large employers have seen an increase in the number of pension scheme opt-outs among employees in the face of the cost-of-living crisis , according to research by Cushon. The majority (84%) of those with a workplace pension agreed that increased financial education around pensions would be helpful.

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How to engage staff with a total reward offering

Employee Benefits

The increasing use of personal devices to access benefits means that digital methods are often more effective. Dividing a package into distinct categories will make the benefits easier for employees to understand, as well as helping to identify any gaps, says Dan Mills, partner at Lemonade Reward. Staying on trend with current issues.

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$11 Billion Dollars

Florida Workers' Comp

If the agency figures out the mistake in a particular instance, it then writes one of those 2 million letters to the benefit recipient "demanding the recipients pay the money back." Imagine your government telling you it made a mistake (or dozens of them) in calculating and paying your benefits. billion in errors each year?

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4 Industry Insights About the Need for Financial Wellness

Best Money Moves

The turmoil the pandemic caused has resonating effects and has increased the need for employer-based financial wellness programs. Alleviating the financial stress of employees can lead to increased productivity. Employees can register their financial stress in 15 categories to receive resources meeting their individual needs.

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The Growing Popularity of Weight Loss Drugs as Part of Employee Wellness

Griffin Benefits

Perhaps this increase in prescription drug coverage is due to advancements in weight loss medications, or the growing recognition that obesity is a disease that increases the risk of other chronic conditions , such as high blood pressure, type 2 diabetes, coronary heart disease, and some cancers. Cost reporting.