seniors

Lotteries are big businesses in most states, and they can provide windfalls for both the winning ticket-holders and state coffers. But which states give the most back to ticket-holders and through government services?

President Obama will lay out new plans this week to reduce the federal deficit in part by seeking cuts to government programs for seniors and the poor, a top political adviser said Sunday. "You're going to have to look at Medicare and Medicaid and see what kind of savings you can get," he said.

Being old and poor doesn't sound like much fun. Here's what you need to know to avoid that fate -- or get help if you can't. One quarter of baby boomers, ages 46 to 65, appear to be headed for poverty in their old age, according to a recent Harris poll, because they have no retirement or personal...

It's been well-documented that the recession was particularly hard on senior citizens; the number of older Americans filing for bankruptcy has climbed, in large part due to a perfect storm of expensive medications, declining value of real estate holdings and a stock market crash that crushed their...

More people are selling their life insurance policies for much-needed cash while they're still alive. But are these "life settlements" a bad deal? Here's why they can come with a high cost, both for investors and for sellers -- along with some tips to keep both from getting burned.

Interest rates are the price of money, and though that price is near zero right now, the cost of low interest rates to our nation may be too high. Low rates are squeezing savers, seniors, banks and pension funds, and the benefits we're supposed to see from them don't appear to have arrived.

A major public initiative to crack down on investment fraud by training thousands of doctors to spot older patients who may be particularly vulnerable, and then refer them to securities regulators and social workers, is going national after a successful pilot run in Texas. The unprecedented...

Credit card debt is something many Americans struggle with, but a new study shows that senior citizens are particularly at risk for crushing debt, so much so that an increasing number are turning to bankruptcy for relief. According to research done by the University of Michigan Law School, a...

Thirty out of 49 major developed countries could see their credit ratings plummet to junk status if they don't make changes soon, says a Standard & Poor's study. The biggest problem is health care spending on the elderly, particularly for long-term care.

There will be no cost-of-living adjustment in Social Security payments for 2011, the second straight year without an increase. The Social Security Administration said today that inflation is too low to justify a boost. The decision will affect more than 58 million retirees and disabled Americans....