The student debt crisis isn't just an issue for fresh-faced Gen Y'ers. Thanks in part to the Great Recession, an older cadre is finding itself buried under the weight of billions of dollars in unserviceable loans.
A new study of 1,000 Americans ages 50 to 70 finds that women face unique risks in retirement, but some are more confident than others about those challenges. What's their secret? DailyFinance's Laura Rowley talks with the study's author, Dr. Sandra Timmerman, director of the MetLife Mature Market Institute.
For the first time, there's a state-by-state scorecard of America's performance in providing long-term services and support to senior citizens and people with disabilities, and the results aren't much to brag about. But they do point the way toward improving the long-term care system -- and saving the nation billions.
In a shaky economy, senior citizens have become a prime target for scammers. Here are some of the common scams -- and warning signs -- to watch out for, along with some tips on how to protect your elderly loved ones.
As the federal super committee looks for $1.5 trillion in cuts, it's clear that fixing the federal budget will mean tackling big items -- including Medicare, America's most popular social program and one of its most expensive.
Seniors are more likely to decide to delay their retirement when they consider the benefits of waiting before they think about the advantages of retiring early, a new study finds. Here's why you should consider the future first.
Could you live on less than $30 a day? If you don't have a pension or adequate personal savings, that's what the typical retiree will get in 2036, even setting aside the near-term risks facing Social Security. But don't despair: There are ways to boost your benefits, and ensure that old age doesn't equal penury.
Described as a "fear tactic" by critics, the White House warned Tuesday that if Congress fails to raise the debt ceiling soon, come August, millions of Social Security recipients may find themselves without a check. The comments were met with a firestorm of criticism by seniors and their advocates.
For children, excursions with grandmother are an adventure. As time passes, however, the ride into the golden years can get bumpy; if you're financially unprepared, it can take a dramatic turn for the worse, and even drive you and your family into bankruptcy. Here are some steps you can take to prevent that.
The two biggest banks in the reverse mortgage business are getting out of it. Now, Bank of America and Wells Fargo accounted for less than half of the reverse mortgages in America, and other lenders are still writing them. But seniors in financial trouble should explore theses alternative ways to stay in their homes.
