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 …

The Takeaway: Rise Of Multigenerational Living Means Less New Households

According to the Pew Research Center, more than one-fifth of adults ages 25 to 34 live with their parents or in other “multigenerational” arrangements, the highest level since the 1950s. You’ve probably heard enough stories about this trend by now to know it doesn’t just reflect a renewed interest in family bonding; these “boomerang children” are mostly moving back in with mom and dad (or grandma and grandpa) because of unemployment and economic hardship. In fact, the recession reduced the rate at which Americans set up new households by at least half.

Bargain like the Grannies: A Guide

I travel all over the world and I am known as one of the greatest shoppers ever! No flea market, neighborhood store or thrift shop in any part of the world, is missed by me. I have bargained in Europe, Africa, South America, Asia and well ….all over the United States. When you think about it, bargaining has been the way all cultures have been set up for thousands of years. It’s only in modern times with big box stores …