Daily Archive: July 12, 2013

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National

Mom: Pa. girl, lung transplant patient, recovering

In this May 30, 2013 file photo provided by the Murnaghan family, Sarah Murnaghan, left, lies in her hospital bed next to her sister Ella on the 100th day of her stay in Children’s Hospital of Philadelphia. (AP Photo/Murnaghan family, File) PHILADELPHIA (AP) — A 10-year-old girl whose fight to obtain a lung transplant resulted in a court ruling in her favor was resting comfortably after trachea surgery, her mother said Friday.

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Business

America’s crisis: 38 million have no retirement assets

CHARLENE CROWELL (NNPA)—As more Baby Boomers continue to retire, a new research report has found that the nation is facing a trillion dollar retirement savings crisis. According to the National Institute on Retirement Security, 38 million Americans—45 percent of working-age households— have no retirement account assets. Among all working households, 92 percent do not meet conservative retirement savings targets for their age and income. As a result, the collective retirement savings gap among working households ages 25-64 ranges from $6.8 to $14 trillion, depending upon the financial measure used. NIRS analyzed the readiness of all working-age households using data from the U.S. Federal Reserve.