Where’s Home Sweet Home? Probably Where You Are

Americans 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.

How 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

You’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

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 …

Making the Most of Multigenerational Living

Editor’s note: This post follows the first in this two-part series, Multigenerational Living on the Rise. These posts are modified from Amy Goyer’s article, Multigenerational Living is Rising, and May be to Everyone’s Benefit in the September/October 2011 issue of the American Society on Aging’s Aging Today. Those living in multigenerational households admit there are challenges that come with this living arrangement, but most say the benefits outweigh them. Financial reasons are often cited as the primary motivator for multigenerational …

Thousands Lose Long-Term Jobless Benefits

Making house payments and putting food on the table could get much more difficult for some 200,000 chronically unemployed workers around the United States. On Friday, federal long-term jobless benefits are set to expire in eight states–Texas, California, Colorado, Connecticut, Florida, Illinois, North Carolina and Pennsylvania, according to the National Employment Law Project. This comes one month after extended unemployment benefits expired in 15 other states, cutting off hundreds of thousands of long-term unemployed workers. “This is pretty devastating to …