Many Americans have to postpone retirement.
Many Americans are reaching their 60s with so much debt they can’t afford to retire. Before retiring most people would pay off their debts. But as wages have barely kept up with rising prices over the past 35 years Americans have pushed debt higher, living beyond their means. Now, people are postponing retirement, cutting living standards or both.
Continue reading… “Debt problems plague older Americans”
Liang Wengen, founder of Sany Group is China’s richest man with a fortune of 70 billion yuan ($11 billion), according to the Hurun Rich List 2011.
Continue reading… “China’s billionaires group continues to grow rapidly”
Harry Markopolis, Madoff whistleblower
Harry Markopolos, the man whose e-mails detailing Bernie Madoff’s Ponzi scheme were ignored by the Securities and Exchange Commission has a new target — foreign exchange fraud.
Continue reading… “The next big financial scam – foreign exchange fraud”
Many Americans are focused on bargains and careful to spend money only when they need.
Financial fears of most Americans seem to be adding to the nation’s economic woes. The recession. The financial crisis. The housing crisis. The persistently high unemployment rate. And now, the debt debacle. No wonder American’s feel uncertain about the U.S. economy.
Continue reading… “U.S. economic uncertainty is the new normal”
Thirteen percent of people take vacations knowing they may have to work if necessary.
About 45% of U.S. workers would scrap or scale back their summer vacation plans to save money if the economy remains volatile, according to a survey.
Continue reading… “Almost half of U.S. workers would scrap summer vacation to save money”
Stress and financial strain may take toll.
Moms who had children outside of marriage may be at risk for poor health later in life. Thousands of mothers who participated in a 30-year study, but the ones who had delivered children outside of marriage reported being less healthy when they reached their 40s than the ones who had postponed motherhood until after marriage.
Continue reading… “Single Moms at Risk of Poor Health Later in Life”
Many baby boomers fear they have not saved enough and will run out of money during their retirement.
Nearly half of baby boomers face so much uncertainty that they fear that their retirement will result in poverty, according to a new study by California-based investment advisers Financial Engines.
Continue reading… “Baby Boomers Face Uncertainty, Fear Outliving Their Retirement Savings”
Boomer moms supporting adult children.
Over half of Baby Boom-generation mothers financially support adult children and 60 percent are the go-to person when their grown kids encounter problems, according to a survey issued last week.
Continue reading… “More Than Half of Baby Boomer Moms Support Adult Children”
Imposter scams are now No. 6 on the FTC’s list of Top Ten Complaints for 2010.
Imagine getting an e-mail from the FBI. What would you do? Chances are you’d respond to find out what’s up. And bad guys who pretend to be FBI agents are counting on that.
Continue reading… “Government Impersonator Scams on the Rise”
Harvard graduation
They’re often called the elite eight, boasting U.S. presidents, Nobel Prize winners, Wall Street CEOs, world leaders—as well as famous actors and musicians—among their alumni. But they’re incredibly expensive and getting more so—prompting many students and families to ask: Is an Ivy League diploma really worth the money?
Continue reading… “Is An Ivy League Diploma Still Worth the Money?”
Armed rebels in Libya.
As angry populations roil one Middle Eastern regime after another, and discontent over escalating food prices and lagging living standards is heard elsewhere in the developing world, investors are moving staggering piles of cash out of emerging markets.
Continue reading… “Investors Pull Billions From Emerging Markets”
Recession strengthens marriage vows.
While money problems sometimes strain a marriage, the opposite may also hold true: More than one-quarter of married Americans polled in a recent survey said the current recession has strengthened their union.
Continue reading… “Survey Finds Recession Can Strengthen a Marriage”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.