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Monthly Archives: September 2014
Elder care and divorce
A confluence of circumstances can conspire against marriage among older couples: longevity, soaring elder-care costs and a lack of long-term care (LTC) insurance. Divorce, even if painful, may hurt less than living in near poverty until Medicaid finally kicks in to cover … Continue reading
Unemployment Drops as Labor Force Participation Drops- Unusual
AMERICA has experienced a puzzling decline in the share of people either working or looking for work. Historically the “labour-force participation rate” fell during recessions as some of the unemployed gave up looking for work, and rose amid recoveries as … Continue reading
Posted in Economic Trends, Uncategorized
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A new global survey finds that only 36% of Americans see corporations as a source of 'hope.' In China it's 84%
The U.S. public is divided on whether corporations are a source of “hope” (36%) or “fear” (37%). In China they have far fewer concerns, with 84% saying corporations are a source of “hope.” More than half (51%) of the U.S. … Continue reading
Marriage still declining
The share of Americans ages 18 and older who are currently married inched downward in 2013, to 50.3%, compared with 50.5% in 2012, according to Pew Research Center calculations from the 2013 American Community Survey. Singles make up more than … Continue reading
Posted in Marriage Trends, Uncategorized
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California Housing still flat
California’s housing market continues to be bifurcated both geographically and demographically, with the San Francisco Bay Area and high-end housing markets outperforming other regions and market segments,” said California Association of Realtors chief economist Leslie Appleton-Young. “A strong job market … Continue reading
Posted in Real Estate Trends, Uncategorized
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U.S. government garnishes retirees' Social Security checks for student loans
At least 22,000 Americans aged 65 and older had a part of their Social Security benefits garnished last year to the point that their monthly benefits were below federal poverty thresholds, according to the Government Accountability Office. More than half, … Continue reading
California lags recovery from the Great Recession
Stout Law Firm Most Recession-Recovered Cities1.Laredo, TX2.Irving, TX3.Fayetteville, NC4.Denver, CO5.Dallas, TX6.Corpus Christi, TX7.Minneapolis, MN8.Lubbock, TX9.Garland, TX10.Raleigh, NC California and Arizona pulled up the rear, with the least recovered cities. Least Recession-Recovered Cities141.Riverside, CA142.Tempe, AZ143.Glendale, AZ144.Tucson, AZ145.Cape Coral, FL146.Detroit, MI147.Modesto, CA148.Newark, … Continue reading
Posted in Economic Trends, Uncategorized
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Collecting Social Security from your ex spouse
The first requirement to collect social security based on your ex’s work history is that your marriage must have lasted for at least 10 years. Interestingly, it doesn’t matter if your ex has since remarried—you’re still in the picture benefits-wise. … Continue reading
