Sallie Mae Gallup Study?

A new study by Sallie Mae and The Gallup Polling Organization found that the number of parents who withdrew or took a loan from their 401K plans ...

ObamaCare Job-Killing Spree Continues

The greatest job-killing force unleashed on the American economy since the Great Depression, ObamaCare, is poised to knock off another 10% of the medical device workforce, as reported by the Daily Caller :

The 2010 law imposed a crippling 10-year, $20 billion tax on revenues — not on profits — earned by companies that make medical devices , such as catheters, artery-clearing stents, scalpels and pacemakers.

The tax is prompting American companies to shed jobs, move factories overseas and reconsider niche-market research projects, said Paulson, whose district include medical device companies.

No Senate Democrats are supporting his tax-repeal bill, even though many have medical devices companies in their districts, he said. “They’re the ones digging to protect Obamacare,” he told The Daily Caller.

Sallie Mae, Gallup study finds half of parents saving as much or ...

RESTON, Va., May 29, 2009—Despite the ailing economy, more than half (52 percent) of parents are saving the same amount or more for college, according to a national study of parents from Sallie Mae and Gallup on “How America Saves for College.” In addition, parents overwhelmingly expect their children to pursue higher education (92 percent) and half (48 percent) plan to pay for most or all of the cost. The nationally representative telephone survey conducted in March/April 2009 among 1,200 parents of children under age 18 was released today on “529 College Savings Day.”

In fact, 62 percent of parents of college-bound children are saving for education, trailing only retirement as a savings priority. Fourteen percent of parents reported saving the most for their children’s college, second to 27 percent who save the most for retirement. For nearly half (46 percent) of parents, saving for college ranks in their top three savings priorities.

The study also found that many parent responses demonstrate a lack of awareness about when to start saving, how much to save, and which college savings vehicles they should consider. To help families develop a save-for-college plan—based on their children’s age and the type of college they may be likely to attend—Sallie Mae today launched a new module to its free online tool, the Education Investment Planner. Available to anyone free of charge at www.SallieMae.com/save , the Planner projects the total cost of college factoring in the child’s age, type of institution, and the historical rate of increase in tuition. Then, the Planner helps parents build a plan to save their goal amount, and even lets them compare how increasing saving now could reduce borrowing in the future.