Maybe it's because we're footing the bill for our kids' college tuition, supporting our adult children living at home or helping our elderly parents. Whatever the reason, this much is clear: Too many of us are saving less for our retirement today than we were a year ago.
Sure, we want our kids and grandkids to go to college. But not every family, including mine, has been able to save enough to cover four years' worth of tuition expenses. Consider this: In the next five years, college costs at a public institution are likely to be $99,125 for four years, and…
If you've been hounded, threatened, pressured or lied to by relentless debt collectors, you'll like this news. Who else but the nation's consumer watchdog, the Consumer Financial Protection Bureau (CFPB), has decided to step into the fray to make sure they behave.
For college students like my son who rely on federal student loans to help finance their higher education, and for older workers who've returned to school in an effort to boost their job opportunities, these are anxious times.