The survey, which polled 800 residents across the state, also found that Californians ultimately consider it their own responsibility to be financially
prepared for disaster.
LAFCO's studies have found Hollywood would be financially
viable as a city, but State Controller Kathleen Connell issued a report last week disagreeing with that conclusion, saying LAFCO used incorrect assumptions and the new city would have a budget deficit.
03 Restructuring Alternatives for Financially
Future reports will address: joint ventures with physicians and other partners (Report 4); strategies for financially
struggling hospitals (Report 5); and the outlook for capital access (Report 6).
By law, the secession proposal has to be ``revenue neutral,'' meaning it can't financially
harm either the Valley or Los Angeles.
The average American is not ready for retirement, with only five (5) percent of the retiring age population currently financially
prepared (survey data from the ASEC).
Ultimately, LAFCO decides whether the issue is placed on the ballot, based on a finding that it is revenue neutral, or can be done in such a way that doesn't financially
harm either the new city or the remaining parts of Los Angeles.
The research found that more than 47% of the couples reported that the wife was the financially
What's more, they are performing better financially
than other Medicaid and non-Medicaid plans nationally.
This trend coupled with the ever-rising cost of health care and nursing home care can become a significant factor in planning for a financially
The applicant has to come up with a plan that is financially
viable and politically acceptable,'' he said.
With nearly half (46 percent) accepting that they will struggle financially
in retirement, and 13 percent believing they cannot amass enough, much of the working population remains hopeless and does not save at all(3).