hobartfinancial

Drug prices continue upward climb as leaders seek solutions

In the first month of 2019, pharmaceutical companies have increased prices on more than 250 prescription drugs despite calls from the president and Congress to reduce drug costs.1 These hikes have evoked the ire of President Trump, who has pledged […]

Country Getting Creative to Fund Infrastructure Changes

From politicians in Washington to residents whose cars are routinely damaged by potholes, perhaps the most agreed-upon issue in the U.S. is the country needs an infrastructure upgrade. Frustrated by inaction at the national level, the president and CEO of […]

U.S. Oil Production Fuels Worldwide Changes

  In recent years, the scope of the oil market has changed. OPEC, headquartered in Vienna, Austria, was established in 1960 to unify the petroleum policies of its members. These 14 countries, mostly in Africa and the Middle East, are […]

Customers Withdraw from In-Person Banking

A changing society has changed some of the ways customers and banks interact. For example, early efforts by brick-and-mortar banks to cut costs by promoting online transactions and electronic statements gave way to a new wave of competition from internet-based […]

Decreasing Benefits Contribute to Retiree Bankruptcy

For most of the 20th century, it was common for employers and unions to sponsor health care insurance for retired workers, which helped pay for some or all of Medicare’s cost-sharing requirements and deductibles. However, this trend reversed sharply in […]

BRED Slices Mortgages Into Affordable Pieces

Baby boomers have long been the movers and shakers of the real estate market, but millennials are expected to be the biggest buyers in 2019. Millennials are projected to account for 45 percent of mortgages, compared to 37 percent for […]

News Around the Internet

Where there is internet, is there more prosperity? Generally speaking, yes. It costs much more to lay fiber to outlying communities than it does in larger metropolitan areas, which may contribute to the growing geographical discrepancy between income, education and […]

The Power of a Healthy Mind

Can having your mind in the right place improve your health? It can’t hurt. We’re living longer, but we aren’t always prepared for what lies ahead. It’s easy to become disillusioned as new aches and pains crop up or our […]

Protect Yourself from Scams, Hacks and Breaches

According to a telecommunications study of 50 billion telephone calls over an 18-month period, nearly four percent of calls in 2017 were fraudulent. In 2018, that number jumped to 29 percent of all calls. At that pace, the number of […]

Social Security Updates

  Good news for retirees: Social Security benefits are scheduled to increase 2.8 percent in 2019, the biggest bump since the 3.6 percent increase in 2012.The average beneficiary – who received about $1,405 a month in 2018 – can expect […]