The federal government popped the cap off drug spending on April 30, detailing doctor-by-doctor and drug-by-drug how Medicare and its beneficiaries spent $103 billion on pharmaceuticals in 2013.
We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal offer 10 great tips in the video below.
Life spans are increasing around the world, but countries differ enormously in how they deal with increasing demands for long-term services and supports (LTSS). AARP International recently sponsored a policy symposium on the LTSS systems in Germany, France and the United Kingdom to inform important discussions about how to reform the U.S. system.
The PBS documentary Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions probably won’t take root as a holiday tradition like gathering the family round to watch It’s a Wonderful Life. But it’s sure to be a worthwhile reprieve from binge-watching A Christmas Story and other holiday TV classics. For more information on when Thinking Money is airing and to watch short clips from the show, check out this website.
Inflation lately has been pretty tame. Still, the possibility that it could raise its ugly head again, eating away at our spending power and standard of living, is always in the back of our minds. That’s why it’s important to understand inflation to better protect ourselves from its potential impact. Knowing these myths about inflation is a good place to start.
Have you noticed how more and more of your grocery budget is spent on meat these days? If so, you’re not alone, and for good reason: Meat prices are rising faster than any other food group, with the price of beef, pork, poultry and fish all recently reaching record highs. The price of ground beef, for example, is up more than 75 percent in just the past five years. That’s enough to give a cheapskate like me a grocery shopping phobia.
When you write about personal finance for a living, lots of folks ask for your advice about their own money issues and problems. That places me in a difficult position because, while I’d like to help, in many cases there are just too many variables when it comes to offering good financial advice to people I barely know. And then there’s the “How dare you!” factor. That’s especially common when you primarily give advice about the spending side of people’s finances, like I do.
Want to buy happiness? Then spend your money on an experience, like concert tickets or a trip to the U.S. Open, instead of buying new clothes or a big-screen TV.
Jeff Yeager - aka "the Ultimate Cheapskate" - is AARP's savings expert and host of the weekly Web show The Cheap Life, produced by AARP and airing on YouTube. He's also the author of four popular books about frugal living, including his most recent, How to Retire the Cheapskate Way. Jeff will be a guest on AARP Live on Thursday, June 19, so we sat down with him in advance to chat about retirement planning and living, cheapskate-style.
Search AARP Blogs