When it is unveiled in the coming weeks, the Social Security Trustees report will no doubt prompt the program's critics to call for change, as it does each year. And one of their suggestions will likely be to raise the age of eligibility for Social Security and Medicare benefits. It sounds so reasonable. Isn't everybody living longer? Unfortunately, the answer is no.
Forbes magazine has just released its Forbes 400 ranking of the richest people in the United States, and within it, there's an intriguing message: If you want to be really, really, really wealthy, it's going to take a while, and you should plan on working past the typical U.S. retirement age of 61.
Consumer credit card debt soared in the last quarter of 2011, climbing to nearly $16,000 per family. In running up this tab, consumers seem to have resumed the habit of borrowing from tomorrow's wealth to meet today's wants and desires.
The wealth gap between young and old is wider than ever before, according to the U.S. Census Bureau, with the typical net worth of households headed by someone 65+ at 47 times that of households headed by those under 35. And scientists are increasingly exploring the ways in which diabetes and dementia may be linked
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