Money

Here’s what to know, whether you’re a resident who’s working or retired, or if you’re considering a move to North Carolina.

Savings Possible Thanks to the Prescription Drug Law Championed by AARP

RALEIGH — Live in one of the counties highlighted in this map? If so, you could end up paying much more for natural gas.

With AARP and other opponents of a major automobile insurance rate hike in North Carolina weighing in, the NC Insurance Commission drastically scaled back an industry request that would have significantly raised your premiums.

Social Security is your money — you earned it through a lifetime of hard work. And like most Americans, that money is needed to help cover living expenses and pay bills. Nearly one-in-five North Carolina residents - 2,183,353 million people – receive Social Security benefits, and 50 percent of residents 65 and older (880,949) rely on the program for at least half of their income.

Seventy-five-year-old Army veteran Lester Rodgers, Jr. lives in Chatham County on a fixed income. When his wife passed away, he worried that he would not have enough money to keep his home.

RALEIGH -- Today, roughly half of North Carolina private-sector workers don’t have a way to save for retirement through their job. That’s roughly 1.8 million residents who are unprepared to support themselves in the future and more likely to have Social Security as their only source of retirement income. And those who work for our state’s small businesses are even less likely to have a savings plan. N.C. State Representatives Jarrod Lowery, Jeffrey McNeely, Jon Hardister, and Harry Warren introduced a new bill in March to help change this.

STORY UPDATE 8/22/23:

RALEIGH -- Duke Energy/Progress has filed a rate hike application with North Carolina utility regulators that if approved, will increase residential rates by 16 percent over the next three years.

NC auto insurers ask for major rate increase