Older Adults Say Their Financial Situations Are Looking Up – But Barely

So do you want the good news first or the bad news? OK, the good news: We’re feeling better about our net worth and our finances in general. According to a new index that measures our perceptions of our financial security, most of us between the ages of 50 and 64 believe that our overall financial picture has improved in the last 12 months. Yes, we still have a long way to go, but let’s not ruin a feel-good (or …

Study: Grandparents Give ’til it Hurts

As a consultant and expert in aging and family issues with more than 30 years experience working with grandparents, I recently had the great pleasure of writing a report for the MetLife Mature Market Institute in conjunction with Generations United. The report, “Grandparents Investing in Grandchildren: The MetLife Study on How Grandparents Share Their Time, Values, and Money,” indicates that today’s grandparents continue to provide care for grandchildren, offer advice and moral support, and provide financial assistance – sometimes to …

How will boomers’ economic anxiety affect their vote?

It’s August. Your thermostat has likely cracked 100 degrees. But hopefully, you’re on vacation with your families or watching the Olympics (Go USA!!) in a cool place with a cold beverage in hand. And I bet that if you live in a battleground state, there’s something else you want a vacation from: the endless parade of political ads between now and November 6th. Most candidates seem too busy beating up one another to tell us where they really stand on …

The Takeaway: Americans Okay With Their Overspending

It seems a lot of Americans are okay with spending beyond their means from time to time. A new survey conducted by COUNTRY Financial found 52 percent of respondents periodically spend more than they earn in a given month. Yet only 9 percent believe their lifestyle is more than they can afford.

The Takeaway: Student Loan Debt Still Haunts Older Adults

Millions of older adults are still paying off student loan debt. New research from the Federal Reserve Bank of New York found Americans 60 and older still owe about $36 billion in student loans.

Illinois banks run from Power of Attorney abuse protection law

Hello there blog readers – Jenn here talking to you today from an unseasonably warm and snow-free Chicago. (Thumbs up!) Following up on our post from a few weeks ago about cracking down on financial  elder abuse in Illinois, I was  talking with staff lead Ryan Gruenenfelder about what else is cooking down in Springfield this session and how AARP will be involved. He told me about an interesting battle that keeps cropping up over some increased protections that are now part of …