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.
Financial Planning
The Barclays LIBOR Scandal Is a Clear Case for Greater Consumer Protection
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.
Women and Money: Even College Grads Flunk Personal Finance
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 …
What Older Workers Want
70 is the new 50 at work these days. A new survey about what older workers want shows how much our timeline has changed.
Are We Lying to Ourselves About Our Pension Problems?
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.
How Smart Phones Are Changing the Way We Bank, Drive, Have Sex and Go to the Bathroom
“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
Why Planets Collide When We Talk About Money
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.
Are You Saving Too Much? No, Really
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.
5 Smart Strategies for Managing Your Debt
Consumers have been good about paying down their debt. But they stink at managing what debt remains. Here are five ways to keep control.
What Comes First–Wealth or Health?
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.
Italy’s Newest Museum: Dante, Moliere and…Personal Finance
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 New Normal: From Families to Nobel Winners, It’s All About Less
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.
