Tag: "debt"

Seniors Are in Debt, But Not as Bad Off as They Could Be

Two year ago, I produced a piece on how baby boomers spend their money.  I wanted to find out why many of them were not nearly prepared for retirement.   This time around, I wanted to find out how senior citizens were spending their money.  A lot has changed compared to the same age group just 20 years ago: Today’s seniors (age […]

Retiring Soon? Pay off the House First

In 2011, the first of some 78 million baby boomers began retirement.  By the year 2031, the last year of the boomer generation will reach their full retirement age (67).  Many will consider moving to a less costly, low-tax state in an effort to reduce their living expenses.  However, more than half of those on […]

Major Tax Savings That May Not Be Around Next Year

There are several tax cuts that are set to expire at the end of the year.  While it is not yet known whether they will be extended into tax year 2014 (and it may be months before we know for sure), now is the time to assume their demise and take advantage of them this year.  […]

Measuring Poverty

Special blog post by Lewis Warne, an NCPA research associate. In 2011 Congress defunded the Supplemental Poverty Measure (SPM, an). The SPM is an alternative to the Official Poverty Measure (OPM) that has been used since the 1960s.  The goal of the SPM is to provide a more comprehensive picture of poverty by including factors left out […]

Seniors Living on Borrowed Money

Special blog post by Lewis Warne, an NCPA research associate. More than half a century ago, the elderly were more likely to live in poverty than any other age group.  Thankfully, that has changed, and the poverty rate for people aged 65 and over was less than 10 percent in 2010. Sadly, however, more elderly are […]

The Second Debate and the Real Jobs Question

buy viagra uk Power-Plant2-300×225.jpg” alt=”” width=”300″ height=”225″ /> Last night’s debate left me a bit queasy.  It wasn’t Candy Crowley’s implicit cheerleading of the president or her incorrect “correction” of Mitt Romney on the Benghazi question.  Nor was it the fact that both candidates were interrupting each other so often that few coherent messages made […]

Earth to Congress: The Fed Can't Fix This

Today's highlighted the often-ignored plight of the U.S. fiscal cliff . Beginning in January 2013, $1.2 trillion of automatic, across-the-board cuts in discretionary spending will take place over 10 years, as directed by the congressonional “supercommittee” last November (yawn…remember them?). Of course, there is still time for Congress and take a serious look at what […]

Interest Rates…the Good, the Bad, and the Ineffective

win men If Dr. Phil were an economist, he might ask the question, “How are those interest rates working for ya?” It seems that low interest rates are quite the mixed bag these days. And several different takes on them just happened to appear in three news articles today. First, the good news – sort […]

How to Help the Poor

Using a new measure of poverty which adjusts for area costs of living, in-kind benefits, health care costs and other factors, the Census Bureau released a new report today (reported -poverty/51108410/1″>here in USA Today) showing that the number of people in poverty is about 49.1 million, 6% higher than the 46.2 million originally estimated in […]

The Rest of the Retirement Story

Another sobering about retirement, or lack thereof: Households that expected to find retirement just around the corner will have to work longer. The main reason? Debt, debt, and more debt: mortgages, home equity loans, kids’ college expenses and credit card debts are saddling 60- to 64-year-old households who expected their retirement-age years to be stress-free. […]