The bottom line
Skipping vacations; Workers stay the course; Americans pay up; Hedge funds for everyone; Households with single fathers
A new survey says Americans will leave an average of nine paid vacation days unused this year. That’s partly because they worry that “their bosses will think they’re lazy or that their job could get eliminated while they’re away.” But skipping vacations has a cost: Women who don’t take them are two to eight times more likely to suffer from depression, while for men the risk of heart attack rises by a third.
Workers stay the course
About 2.2 million Americans voluntarily quit their jobs in May, leaving the nation’s “quit rate” at 1.6 percent for three months in a row. The “churn” level is low largely because employees aren’t confident they can quickly find better, higher-paying jobs after leaving their current posts.
The Wall Street Journal
Americans pay up
Americans are getting better about paying their bills. Delinquencies on bank-issued credit cards fell to 2.41 percent for the first quarter of 2013, the lowest level in 22 years. Delinquencies also shrank in 10 other categories, including car loans and personal loans.
Hedge funds for everyone
The Securities and Exchange Commission will now let hedge funds and other private investment firms advertise to the general public, ending an 80-year-old rule that limited solicitations to wealthy individuals.
The Washington Post
Households with single fathers
Some 2.6 million U.S. households are run by single fathers, a ninefold increase from just 297,000 in 1960. Single father households earn a higher median income than single mother ones ($40,000, compared with $26,000), but far less than the average of $70,000 that married families collect.