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Kim Blanton Squared Away Blog Writer

I’m a veteran financial and economics reporter, most recently for The Boston Globe, who has also written for The Economist and other publications. I uncovered scandals during the savings and loan crisis in Texas back in the late 1980s, trekked around the world to cover finance and economics in the 1990s, and ventured into Boston neighborhoods to cover the recent subprime mortgage crisis.

While covering subprime mortgages, I began to see the importance of financial behavior and literacy. Wall Street excesses certainly fueled the crisis, but a poor understanding of complex financial products also played a major role. I interviewed dozens of homeowners in the grip of foreclosure who had agreed to home loans that they did not understand and that their brokers did not or could not explain to them. The consequences for these individuals – and the country – were disastrous.

I use the same dogged reporting skills to cover financial issues of growing importance today, including the personal crisis that concerns millions of Baby Boomers: Retirement.

Recent Content

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Mortgage Rejections Surge after Age 50

You’re over 50. You have built up a lot of equity in your home, and your life savings is finally gaining some critical mass. And yet, your odds of being rejected for a refinancing mortgage start goi…

You’re over 50. Yo…

You’re over 50. You have built up a lot of equity in your home, and your life savings is finally gaining some critical mass. And yet, your odds of being rejected for a refinancing mortgage start going up rapidly after age 50 and really accelerate around 70, according to a study by Natee Amornsiripanitch at the Federal Reserve Bank of Philadelphia. This evidence, concludes a recent summary of the study, “is large and robust.” The research has important implications for older workers trying to prepare financially for Retirement or retirees planning to change their living arrangements. High…

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Older US Workers of Color at a Disadvantage

As workers age, poor health or disabling physical conditions can interfere with holding down a job. Sometimes people are forced to quit working if things get really rough, whether they’re ready to r…

As workers age, poor…

As workers age, poor health or disabling physical conditions can interfere with holding down a job. Sometimes people are forced to quit working if things get really rough, whether they’re ready to retire or not. But race also figures into this predicament, because workers of color are already in poorer health and tend to have more vulnerable employment situations than White workers. A new study compares what’s it’s like to be an older Black, Hispanic or Asian person who is trying to keep working in two countries with similar cultures: the United States and England. The United States does…

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Remote Work Didn’t Recede with Pandemic

The remote work necessitated by COVID may be here to stay in five English-speaking countries from Australia to the United States. That’s the conclusion from a study of 250 million online job ads –…

The remote work nece…

The remote work necessitated by COVID may be here to stay in five English-speaking countries from Australia to the United States. That’s the conclusion from a study of 250 million online job ads – nearly half of them in this country. The number of postings in January that offered remote work for one or more days per week was three to five times larger than the remote work positions advertised on the cusp of the pandemic in 2019. Notably, their numbers increased sharply last year as COVID was retreating. The countries in the study are: Australia, Canada, New Zealand, the United Kingdom, and…

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COVID’s Toll on Minorities with Disabilities

It’s been well documented that the COVID recession and layoffs in 2020 were particularly hard on Black, Hispanic, and Latino Americans. But if they had a disabling physical and medical condition, th…

It’s been well doc…

It’s been well documented that the COVID recession and layoffs in 2020 were particularly hard on Black, Hispanic, and Latino Americans. But if they had a disabling physical and medical condition, they felt it much more. In a new study examining the cumulative impact of having a disability combined with the disadvantages of being an older minority worker or retiree,  the racial disparities were apparent on a variety of fronts – in the inability to pay for essentials, at work, and through some difficulty obtaining medical care. Past research has shown that once the pandemic hit, people with…

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Racial Disparities Exist in Long-term Care

The types of long-term care located in various communities are largely driven by what their oldest residents can afford. This has created stark differences in what’s available to White and minority …

The types of long-te…

The types of long-term care located in various communities are largely driven by what their oldest residents can afford. This has created stark differences in what’s available to White and minority retirees, a new study finds. Assisted living facilities, despite the high cost, have been the fastest-growing part of the long-term care industry over the past 20 years. In the cities and suburbs, where the vast majority of Americans live, more of these facilities are located in predominantly White communities. Adult day care centers, at less than half the price of assisted living, have also expan…

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