Friday - March 29th, 2024
WordPress Site - Powered By OnDigitalPublishing

Posts Tagged With ‘ financial ’

 
Inflation Explained: 3 Little Known Facts about Anflation
December 7th, 2023
Inflation Explained: 3 Little Known Facts About Anflation &Raquo; Shutterstock 1133128655 300X199 1

Inflation Unmasking Inflation: The Hidden Side of Rising Prices By, Jeremy Reif, CRPS Inflation is the steady increase in the prices of goods and services over time. It affects the economy, our wallets, and even our daily lives. But why does it happen? I know I’ve done previous articles talking about the cause and effect of inflation and things that are going on with the rising interest rates by the Fed chairman. I never took the time to explain what inflation is or why it happens. In this article, I’m going to give you three causes of inflation and expound on each of them.  The goal is to... Continue Reading

December 7th, 2023
COVID’s Toll on Minorities with Disabilities
March 21st, 2023

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... Continue Reading

March 21st, 2023
Social Security in Multigenerational Families
March 7th, 2023

It’s not unusual for Black and Latino children to live with their grandparents, who are either the primary caregivers or members of a multigenerational family. And just as the grandparent is integral to the family unit, so are the Social Security benefits the grandparent receives and contributes to the household. The poverty rates in families with children would be much higher without the income from Social Security, according to new research on Wisconsin families. Nearly two-thirds of the study’s families in which a grandparent is a child’s primary caregiver rely on Social Security retirement... Continue Reading

March 7th, 2023
Health Insurance Increases Latinx Wealth
February 9th, 2023

About one out of every five Latinx workers in this country lacks health insurance. The uninsured ratio rises to one in four in the states that have chosen not to expand their Medicaid programs to more low-income workers under the Affordable Care Act. The motivation for Josefina Flores Morales’ new research is that there’s more to health insurance than just medical care. It is also critical to individuals’ financial health, she argues, and broader insurance coverage in the Latinx community is an underappreciated way that the vast wealth gap between them and non-Latinx White workers could be... Continue Reading

February 9th, 2023
Boomerang Kids Don’t Derail Their Parents
February 7th, 2023

A popularized image of parents who struggle when adult children move back home is not shaping up as an accurate picture of the arrangements. Unemployment, divorce, college graduation – adult children in their 20s and 30s move back into a parent’s home for many reasons. And the parents can have all sorts of reactions, good and bad, to their boomeranging kids. Some parents get stressed out by young adults who return home because they need financial support. Others welcome having the kids back to pad the empty nest, help with household chores, or help pay the bills. The return home isn’t necessarily... Continue Reading

February 7th, 2023
50 Years of Financial Progress for Women
January 5th, 2023

As the lower-paid sex, women have no shortage of insecurities about their retirement finances. Only one in five working women feels “very confident” of being able to retire comfortably, the Transamerica Center for Retirement Studies reports in its annual retirement survey. More than half say they don’t earn enough or have too much debt to leave a lot of room for saving. Four in 10 expect to retire after 70 or not at all. These insecurities probably reflect, to some extent, the poor retirement preparedness of Americans as a whole, not just women. In fact, women have made significant strides... Continue Reading

January 5th, 2023
Readers’ Favorite Retirement Blogs: 2022
January 3rd, 2023

Older Americans who want to be smart about retirement finances are curious about the intricacies of Social Security. The blog that drew the most traffic from our readers last year – “The Bridge to a Larger Social Security Check” – suggested a strategy for getting more out of the program: delay signing up for Social Security by withdrawing savings from a 401(k) to pay the bills. Each year that Social Security is postponed adds 7 percent to 8 percent to a retiree’s monthly benefit check. A couple of years of delay, funded with savings, can provide significantly more money, month after month,... Continue Reading

January 3rd, 2023
Retiring to Care for Grandchild isn’t Unusual
December 13th, 2022

Retirement can change everything. So can grandchildren. A new study that looks at the transitions made by older workers finds that the odds of relocating after they retire to be closer to their adult children increase from the pre-retirement years – 16 percent of recent retirees do so. Some people make these moves, to within 10 miles of family, right around the time of retirement, but the relocations are still happening at least four years afterward. A new grandchild provides an even more compelling reason to move at a time quality childcare is expensive and in short supply. In the study, the... Continue Reading

December 13th, 2022
The Cost of Having a Disability in COVID
November 29th, 2022

In COVID’s early months, millions of workers’ incomes dried up as the unemployment rate skyrocketed. But older Americans were somewhat shielded from the downturn. That’s because they either are over 62 and on Social Security or receive federal disability benefits every month at higher rates than young adults. And just like everybody else, they got relief checks from Congress to soften the blow from the pandemic. Yet, despite the reliability of a government check, older Americans with disabilities suffered from “acute financial insecurity,” according to a new study that seeks to understand... Continue Reading

November 29th, 2022
How to retire early, love every minute of it and keep building wealth
June 10th, 2021

Retire early, love every minute There is a lot of focus on the FIRE movement (Financial Independence, Retire Early). Lots of ink spilled on homemade cleaning supplies, tin foiling windows and clipping coupons whilst whilst living in a nano house. All in an effort to mass up cash, exit the rodent race and find freedom. Does the math add up? And if you get there, is there happiness? And, of course, will you run out of money? I think yes, possibly and done right, your cash keeps growing. Retire early, love every minute. Let’s take the pieces one by one: How to retire early Financial wellness isn’t... Continue Reading

June 10th, 2021