Most Adults Flunk Social Security Quiz

Most adults likely have heard of Social Security — or seen the taxes for it taken out of their paychecks. But when quizzed on some of the basics of the program, only 28 percent got a passing grade. That’s the finding of a survey by MassMutual, which polled more than 1,500 adults on Social Security rules, including the full retirement age, benefits for ex-spouses and whether benefits can be reduced for government workers. Granted, Social Security can be complicated, particularly …

We’re So Lazy. And It’s Getting Worse

How bad are Americans about not getting any physical activity whatsoever? Really bad. Like record-setting bad. The proof: A new survey by the Physical Activity Council (PAC) finds that the number of “totally sedentary” Americans is the highest it’s been since 2007. Roughly 83 million Americans ages 6 and up — about a third of the population — were physically inactive in 2014, nearly 3 million more than in 2013. That means they didn’t participate in any one of 104 …

Workers More Upbeat About Retirement Prospects

More than one-third of workers say they won’t retire until after age 65, about three times the number saying so in the early 1990s. Another 10 percent say they won’t ever quit working. That’s according to an annual survey released Tuesday by the Employee Benefit Research Institute. Back in 1991, when EBRI first conducted the survey, this idea of never retiring didn’t even come up, says Craig Copeland, a senior researcher at EBRI and coauthor of the study. That is one of …

Millennials Are Spending Less and Saving for a Rainy Day

While waiting in line last week at Starbucks, I realized that I was the only “guest” ordering black coffee — not a grande, no-foam macchiato concoction — and the only person using cash. The mostly millennial customers were flashing a smartphone app or swiping credit or debit cards. The way our adult children spend and save money is very different from their boomer parents. “I want it fast, and I want it now” is the millennial mantra when it comes …

Wanted: Your Best Tips for Saving Money

We all have ways of saving a buck — maybe a lot more — through savvy shopping or careful planning. Perhaps you picked up these moves over the years; maybe you just learned about them. Whether your tips are old or new, we want to hear about them, to share with other readers. We’re looking for savings for the home — from the kitchen to the garden — on health care, beauty, fashion, home decorating and personal technology, as well as travel and entertainment. Please …

Census Scams: Hard to Detect, Easy for Fraudsters

Although this con is not as well known as other government impostor schemes, posing as a U.S. Census Bureau worker gives crooks a distinct advantage, thanks to the legitimate American Community Survey (ACS). Unlike the “big” population census that occurs every decade in years ending in zero, the ACS is ongoing, providing data each year to help determine how $400 billion in federal and state funding is distributed. Along with the expected — age, sex, race and education — it includes some …