It looks like the end of the American retirement dream as we know it. The 77 million baby boomers who are heading into their golden years with shattered nest eggs may prove to be the first generation in modern U.S. history to have less retirement security than their predecessors.
The numbers tell the story. For older [...]
If you’re an investor, mispriced assets should make you happy. When stocks are too low, it’s exciting (Buy!). When stocks are too high, it’s exciting (Sell! or Sell short!). But when an asset is priced just right, you’re left twiddling your thumbs or, worse, trying to find reasons to buy or sell anyway.
On Thursday, the [...]
Older nonwealthy Americans are racking up credit card debt at a rate that outpaces other groups.
People age 65 and up carried an average of $10,235 credit card debt in 2008, according to a study released Tuesday by Demos, a public policy research group. That’s an increase of 26% since the organization’s last survey of low- [...]
When the Obama administration proposed a new government agency solely devoted to protecting consumers who buy financial products, government officials knew they’d be facing opposition from Wall Street, banks and the financial services industry. But who knew that some of their most vocal opponents would come from the government itself?
That opposition became crystal clear when [...]
Is the recession killing the American culture of dining out? Recent numbers from the NPD Group research firm indicate that total restaurant industry traffic in the quarter ending in May fell 2.6% from the prior year, the steepest decline in consumer visits since 1981.
But a breakdown of the numbers reveals that many of us visit [...]
