A new report shows that the reverse mortgage remains a confusing product, but that it has gone mainstream nonetheless and represents an unnerving erosion of homeowners’ financial safety net.
When it comes to managing personal financial affairs, there is only so much an individual can know. For years, the financial literacy movement missed that.
One of the chief conclusions that financial literacy experts have drawn in recent years is that college graduates typically know enough to manage their money reasonably well. Now, a new study looking specifically at educated …
70 is the new 50 at work these days. A new survey about what older workers want shows how much our timeline has changed.
Private pensions are underfunded and fading away, and the agency that insures them is itself running a record deficit. Now we learn that pension funds covering public employees are more seriously underfunded than previously believed.
“Smartphonatics” are changing the way we bank and play. And while smart phones are making a lot of things easier, in many contexts they are the source of gross distraction and rude behavior
When it comes to money, men really are from Mars and women from Venus, according to an expert panel at the Council for Economic Education. The one thing they have in common: Neither is particularly astute when it comes to managing their finances.
Even after the recession decimated the net worth of millions, some economists argue people are being tricked into saving more than they need. At least they have conviction.
Consumers have been good about paying down their debt. But they stink at managing what debt remains. Here are five ways to keep control.
Workers increasingly see themselves as more physically fit than fiscally fit, suggesting that good health is their strategy for saving money in retirement. But until they get control of their finances, their health is at risk no matter how many laps they may swim.
The Museum of Saving opened its doors in Turin, Italy last month, with a mission to bring personal finance to life. Financial education is being taken seriously around the world.
The wealth of American families has fallen to levels last seen in the early 1990s. Yet a shrinking payout for Nobel Prize winners suggests that even our brightest minds must adjust to the new normal.