Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …

Report: Dying in America Harder Than It Has to Be

By Jenny Gold, Kaiser Health News Staff Writer It is time for conversations about death to become a part of life. That is one of the themes of a 500-page report, titled “Dying in America,” released Sept. 17 by the Institute of Medicine. The report suggests that the first end-of-life conversation could coincide with a cherished American milestone: getting a driver’s license at 16, the first time a person weighs what it means to be an organ donor. Follow-up conversations …

Top 8 Facts You Need to Know About the 2014 Social Security Trustees’ Report

On July 28, the Social Security Administration released The 2014 Annual Report of the Board of Trustees, which details the financial status of the Social Security program. The report makes clear that:   Social Security is vital to millions of Americans. At the end of 2013, Social Security provided benefits to about 58 million people: 41 million retired workers and their dependents, 6 million survivors of deceased workers, and 11 million disabled workers and their dependents.   Social Security’s Trust …

Lawmakers Urged to Act Soon to Shore Up Social Security

The financial outlook for Social Security remains largely unchanged from last year, with the combined trust funds that pay benefits to retirees and workers with disabilities expected to exhaust reserves in 2033, according to a government report released today. After that date, money coming into the system would be enough to cover 77 percent of benefit obligations, according to the Social Security trustees report. At a news conference on Monday afternoon, Treasury Secretary Jack J. Lew said Social Security and Medicare are …

Silence Could Be Costly in Family Financial Planning

Parents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk – before parents retire …

Caregiving Spouses More Likely to Take on Medical Tasks, Report Finds

Spouses who are caregivers are significantly more likely than other family caregivers (adult children, for example) to perform many of the tasks that health care professionals do – including medication management, wound care, using meters and monitors, and more. Nearly two-thirds of spouses who are family caregivers (65 percent) performed such tasks, compared with 42 percent of other caregivers. Those are the findings of a new report issued today by the United Hospital Fund and the AARP Public Policy Institute. Among …