Subscribe

One in 10 Americans fear losing their job

About 10% of Americans responding to a recent public-opinion study feared losing their job in the next year,…

About 10% of Americans responding to a recent public-opinion study feared losing their job in the next year, though most said that they were keeping up financially, according to a report released Friday by the American Enterprise Institute for Public Policy Research in Washington.
But only about half said they thought they had enough money to live comfortably when they retired, according to the report, which was compiled from a variety of public-opinion polls done over the past year.
Health care is the issue Americans are most anxious about, the report found. The report found that 54% of respondents said they were worried that they wouldn’t be able to pay their medical costs if they had a serious illness.
In addition, 20% of people cited in one of the studies said they’d had problems paying medical bills in the previous 12 months.

Eaton Vance IPO largest for closed-ends
Eaton Vance Corp. said Friday that the debut of its Tax-Managed Global Diversified Equity Income Fund raised gross proceeds of $5.5 billion, making it the largest closed-end-fund initial public offering in history.
It surpassed the $4.04 bil-
lion raised last month for the Alpine Total Dynamic Dividend Fund, offered by Alpine Woods Capital Investors LLC of Purchase, N.Y.
The fund began trading Friday on the New York Stock Exchange under the ticker symbol EXG, Boston-based Eaton Vance said in a press release. The $5.5 billion fund excludes underwriters’ overallotment shares.
Eaton Vance managed $135.5 billion in assets as of Jan. 31.

WisdomTree launches six ETFs
WisdomTree Investments Inc. of New York on Friday launched six domestic earnings-weighted exchange traded funds on the American Stock Exchange in New York.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

‘Borders on malpractice’ an outrageous assertion

I found your statement, in the Aug. 20 issue, that “some advisers suggest that disregarding home equity [in…

Is time right for specialized bond products?

Financial planners, investment advisers and others who provide advice to wealthy individuals say they will continue to use…

Optional charter seen saving agents money

Life insurance agents could save up to $377 million annually in licensing fees if Congress were to adopt…

Bush offers subprime help

President Bush pledged to help people with subprime mortgages keep their homes, while rejecting a federal bailout of…

Tax break sought for annuities

Companion bills sitting in committee would provide tax incentives for investing in individual annuities.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print