recession

Saving Jobs in Hard Times

Posted on 09/3/2013 by |AARP Blog Author | Comments

Public Policy Institute | WorkIs there a way to protect some workers — younger as well as older — from job loss during economic downturns? Some might be helped during the next recession if more employers have access to and use what is known as short-time compensation or work sharing. Work sharing is exactly what it sounds like — the sharing or spreading around of the available work when times are tough. Work sharing is not to be confused with job sharing, which is …

In Banking, Americans Lean Local

Posted on 07/26/2013 by |In Other News . . . | Comments

Bulletin Today | Money & SavingsI won’t tell you the name of my bank, but I will tell you this: it’s the oldest in the state; it didn’t use account numbers until the Federal Reserve forced it to; it has 25 branches, all within easy driving distance of one another; and every employee at the branch I use — from manager to teller — knows me by name. Not only that, the tellers all have baskets of lollipops and bags of dog biscuits at the …

Where’s Home Sweet Home? Probably Where You Are

Posted on 06/4/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsAmericans stayed put in record low numbers from 2005 until 2010, according to a new Census Bureau study. Only 35.4 percent of people moved during the period, the lowest rate ever recorded by the Census Current Population Survey, and 4.1 percent lower than during the previous five-year period. Older Americans, who generally relocate less often than younger adults, followed the trend. Less than 14 percent of people 65 and older moved — compared with more than 18 percent from 2000 …

Ready, Set, Retire. Or Not.

Posted on 02/8/2013 by |Money and Work | Comments

Bulletin Today | WorkHow can we be brave enough to retire when our nest eggs aren’t moving in the right direction fast enough? Many of us older workers are still smarting from financial crisis and the toll it took on our net worth. We watched our retirement savings fall and start to inch their way back. But we’ve also been told, time and again by financial experts, that we need to stay on the job longer to save as much as we can so …

How the Fiscal Cliff Could Affect You

Posted on 11/19/2012 by |Washington Watch | Comments

Bulletin Today | PoliticsYou’ve probably been hearing a lot about the “fiscal cliff” — the mammoth confluence of tax increases and spending cuts that will take effect after Jan. 1 unless President Obama and Republicans agree on a new deficit-reduction deal. It’s complicated stuff, and you might be wondering what it’s all about. Here’s a breakdown and a look at some of the ways it could affect you. Spending cuts Across-the-board spending cuts, (the so-called sequestration) were mandated by the budget deal struck …

Study: Grandparents Give ’til it Hurts

Posted on 09/8/2012 by |Aging, Home & Family Expert | Comments

Your LifeAs 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 …