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CPAs have their work cut out for them if they want to be ready for the future, according to a study by CPA.com, the AICPA’s technology and business subsidiary. Why? Disruptive technology and innovation, an increasingly diverse workforce and globalization of the marketplace are all expected to fundamentally change the role of the CPA.
A New Jersey superior court sided with a 21-year-old student who filed a lawsuit against her parents to compel them to pay her college tuition, according to the Philadelphia Inquirer. As a result, the parents were ordered to pay their daughter $906 for her tuition at Rowan College. In making his decision, the judge pointed to a precedent set in 1982 by the case Newburgh v.
A new report from the Consumer Financial Protection Bureau (CFPB) has found that 43 million Americans have at least some medical debt, according to CNBC. Of these, 15 million have no debt except for medical debt. Regardless, medical debt has been having an increased impact on credit scores, with as many as one in five credit reports have been negatively affected by unpaid medial debt, said CNBC.
Fewer people today believe it is possible to start out poor in the U.S., work hard and become rich than they did in 2009, at the height of the financial crisis, according to the New York Times. The poll, conducted by the Times, showed that 72 percent of those surveyed in 2009 thought the American dream was still possible, while only 64 percent do today.