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Kate_sept2004 | E+ | Getty ImagesLong-term care can be costly, extending well beyond $100,000. Yet, financial advisors say many households aren’t prepared to manage the expense.”People don’t plan for it in advance,” said Carolyn McClanahan, a physician and certified financial planner based in Jacksonville, Florida. “It’s a huge problem.”Over half, 57%, of Americans who turn 65 today will develop a disability serious enough to require long-term care, according to a 2022 report published by the U.S. Department of Health and Human Services and the Urban Institute. Such disabilities might include cognitive or nervous system disorders like dementia, Alzheimer’s or Parkinson’s…

KARACHI: Karachi will participate in the international “One Run” half-marathon for the second consecutive year on Saturday, organisers announced on Thursday. Over 2,000 local and international runners are expected to tackle one of four race distances — 1km, 5km, 10km or 21.1km — here along the coastal Emaar Route, starting at Emaar Sales Centre. The event, organised by Hero League, promotes inclusivity, welcoming families, first-time runners, and competitive athletes. The first event of the marathon was held in Pakistan in the year 2024. “This partnership reinforces Pakistan’s growing footprint in global sports,” said Shoaib Nizami, CEO of Sports in Pakistan,…

U.S. President Donald Trump talks to reporters aboard Air Force One, en route to Abu Dhabi, United Arab Emirates, on May 15, 2025.Brian Snyder | ReutersAs the Trump administration ramps up its student loan collection efforts, worried borrowers need to ask themselves a key question: Am I delinquent, or in default? The answer determines your best next steps.”We’ve had a lot of clients contacting us recently who are extremely stressed and, in some cases panicked, about their loan situation,” said Nancy Nierman, assistant director of the Education Debt Consumer Assistance Program in New York.More from Personal Finance:How many consumers are…

Miles Lewis, manager of the Royce Small Cap Total Return Fund, makes the case that at a time of turbulence in the economy, his quirky collection of small companies is equipped to beat the big names.Miles Lewis by Alexander Karnyukhin for Forbes Tariffs. Inflation. Economic chaos. Bring it on, says Miles Lewis, manager of a portfolio of quirky stocks that, he says, are better equipped than the average stock to weather a tumultuous time in the U.S. economy. Recession? That should send shoppers for sporting goods out of high-class vendors to the down-market chain he favors. Rising interest rates? A…

KARACHI: Brilliant performances by Sadaf Shamas and Eyman Fatima powered Challe­ngers and Strikers to victories over Stars and Invincibles respectively in the National Women’s T20 Tournament here on Friday. At the National Bank Sta­dium, Challengers edged past Stars by five wickets in a last-over thriller. Chasing 109, the side recovered from 47-5 to reach the target with one ball remaining, thanks to an unbroken 65-run stand betw­een Aliya Riaz (48 not out off 34 balls, seven fours) and skipper Rameen Shamim (28 not out off 19, one six and two fours). Earlier, after opting to bat first, Stars were rattled…

ISLAMABAD: The HBL Pakistan Super League (PSL) is set to resume on Saturday after a nine-day hiatus with the league entering a decisive phase as five teams remain in the hunt for the four playoff spots. The league was postponed due to cross-border tensions taking place between Pakistan and India between the early hours of May 7 and May 10, when the escalation seized after a ceasefire agreement. The disruption had seen overseas players fly out of the country before the Pakistan Cricket Board’s decision to resume the tournament got the six franchises scrambling to get their squads back together.…

AAron Ontiveroz/The Denver Post via Getty ImagesCollege commencement is a time of optimism for newly minted graduates. But this year, there’s also more uncertainty about the economy and employment — and grads in some unexpected majors may find they have a leg up.Majors in nutrition, art history and philosophy all outperformed STEM fields when it comes to employment prospects, according to a recent analysis of labor market outcomes of college graduates by major by the Federal Reserve Bank of New York.For computer science and computer engineering, the unemployment rate in those fields was 6.1% and 7.5%, respectively — notably higher…

CNN  —  Americans’ feelings about the US economy remain in the doldrums: Consumer sentiment continued its freefall this month, settling in at a near-record low. The University of Michigan’s closely watched consumer sentiment index fell 2.7% to a preliminary reading of 50.8 for May, dropping further from April’s reading of 52.2. May’s preliminary reading, the second-lowest on record, landed a touch above the all-time low of 50 notched in June 2022, when inflation was at a 41-year high. Since 1952, when the university started tracking how Americans felt about the economy, there have been nearly a dozen recessions, several oil…

New college graduates looking for work now are finding a tighter labor market than they expected even a few months ago.The unemployment rate for recent college grads reached 5.8% in March, up from 4.6% the same time a year ago, according to an April report from the Federal Reserve Bank of New York. Job postings at Handshake, a campus recruiting platform, are down 15% over the past year, while the number of applications has risen by 30%. Christine Cruzvergara, chief education strategy officer at Handshake, says new grads are finding a “tough and competitive” market.”There’s a lot of uncertainty and certainly a…

CNN  —  Keeping cool could cost a lot more this summer — yet another financial squeeze for many inflation-weary consumers. Americans can expect to shell out a record $784, on average, to cool their homes from June through September, according to a new analysis by the National Energy Assistance Directors Association and the Center for Energy Poverty and Climate. That’s up 4.2% from the same period last year and 14% higher than 2020, when folks only paid an estimated $688, after accounting for inflation. The tab is projected to rise both because electricity prices are increasing faster than inflation and…