America’s Top Consumer Complaint Is Doubled Among Military Members

It’s bad enough that everyday citizens file more complaints to the Federal Trade Commission about sleazy debt collectors than about any other consumer scam. Now, another government watchdog agency reports that military personnel are especially popular targets of collector abuse — often for debts they don’t owe. In an annual report from its Office of Servicemember Affairs, the Consumer Financial Protection Bureau found that active military personnel submit debt collector complaints at twice the rate of civilians. Ways to save, …

How Gender Affects Online Shopping Scams

Who shops online? Roughly 72 percent of women and 68 percent of men make regular purchases with computers and smartphones, according to industry data. Who gets duped more often in online shopping scams? Depends on your definition. New data suggest that women are more actively and specifically targeted by cyber crooks for online shopping fraud and, likely because of this, fall victim six times more often than men. But when men get scammed, they lose about three times more money, …

What’s the Secret to a Happy Life? It’s Not What You Think

When you’re in your 20s and just starting out, money and fame may seem the key to a happy life. But as you age, that viewpoint changes considerably. The real secret, according to a Harvard study that’s been going on since the 1930s, has nothing to do with your bank account or your career. “The clearest message that we get from this 75-year study is this: Good relationships keep us happier and healthier. Period,” the study’s current director, Robert Waldinger, …

Banks Advised on Ways to Protect Older Customers

En español | The statistics are grim and are predicted to only get worse as the boomer generation ages. Nearly 1 in 5 Americans over 65 say they have been a victim of financial exploitation, according to a poll released this week by the nonprofit Investor Protection Trust. And estimates of the total losses each year suffered by these older consumers range from $2.9 billion to nearly $36.5 billion. To combat this, the Consumer Financial Protection Bureau issued an advisory …

Yoga’s Popularity Spreads Among 50+ and Men

The popularity of yoga continues to grow, not only in the sheer numbers of people doing it, but also among older adults and men, according to a new national survey. The survey, conducted for Yoga Alliance, an international yoga teachers group, and the magazine Yoga Journal, interviewed 3,700 people to get a better idea of how much yoga has spread, who is practicing it, and the benefits they hope to gain. Among the biggest trends the survey revealed is that …

Older Workers Haven’t Recovered Retirement Optimism

En español | Older workers are less confident today than a decade ago about having enough money for a comfortable retirement, according to a new survey by the Employee Benefit Research Institute. Among workers 55 and older, 20 percent say they are very confident of their retirement prospects. That’s down 6 percentage points from 2006 and the steepest decline in optimism among all age groups, EBRI reports. Enter to win a Volvo V60 Cross Country, a national parks vacation for two …