Personal finance

His $4,200 Pension Is Supposed to Go to the Nursing Home Now That He’s on Medicaid. $1,900 of It Comes Home to His Wife Instead, Every Month, Because a Federal Rule Says She Can’t Be Left Short

If your spouse has a pension and just moved into a Medicaid-paid nursing home, you probably assumed the facility now gets every dollar of that check. Federal law says you get a share first. Under Medicaid’s spousal impoverishment rules, the spouse who still lives at home can cla…

Biggest dividend payouts · Oct 13
OZKBank OZK
$53.4M$0.49 per share
  • 2ESLTElbit Systems$1.00/sh$46.9M
  • 3TBLDThornburg Income Builder Opportunities Trust$0.10/sh$3.3M

Bank OZK leads today's dividend payers, sending about $53.4 million to shareholders at 49 cents a share on October 20. Elbit Systems follows with roughly $46.9 million, or $1 a share, landing October 26.

JNJJohnson & Johnson
Regular session
$245.87
-3.38%open $254.46

A 3.4% slide to $245.87 is an outsized single day for a $592 billion defensive name, and it lands with earnings due today. The report arrives with the stock already repriced.

CLOSING BELL
Europe
  • 🇬🇧 FTSE 100+0.24%
  • 🇩🇪 DAX+0.25%
  • 🇫🇷 CAC 40+0.04%

London closed at 14,108.65, a record-territory finish that keeps European equities moving higher. The DAX matched the move, while Paris barely budged.

Reddit Pulser/povertyfinance
Are you guys mostly from USA?

Are you saying you assume he's from the US because of the multiple cars? Yeah, our car culture is a big problem and perpetuator of poverty. Most people literally can't get to work without a car. Other options don't exist, meaning if your car breaks down you have to find a way to get another one even temporarily, further perpetuating the cycle. I don't get what your point is

Two cars in the driveway reads as wealth abroad and as overhead in most of America, where a household can carry two auto loans, two insurance bills and still miss rent. The 164-comment thread is a reminder that transportation sits in any realistic budget as a fixed cost.