New York Times columnist Bob Herbert focuses today on how foreclosures are impacting older Americans. Herbert cites a recent AARP Public Policy research report that breaks new ground in quantifying mortgage delinquencies by age group. The study concludes that Americans over age 50 represented 28 percent of all mortgage delinquencies and foreclosures at the end [...] [read full article…]
The Social Security Administration announced this morning that benefits payments will rise 5.8 percent next year as a result of the annual cost-of-living (COLA) adjustment. That’s the biggest increase since 1982, and more than double last year’s increase. The Social Security Administration bases the COLA each year on third quarter inflation. More on this story [...] [read full article…]
Finding a job is challenging for anyone in tough economic times but it’s harder if you’re over age 50. It’s illegal for employers to discriminate based on age, but any older job-seeker will tell you it happens every day. That reality is colliding with the intent of baby boomers, most of whom hope—and need—to keep [...] [read full article…]
The U.S. Small Business Administration (SBA) recently launched a new website specifically targeted for boomers interested in becoming entrepreneurs. 50+Entrepreneur isn’t an overwhelmingly rich site from a content standpoint, but it does include useful information on how to tap the SBA for advice and small business loans. It’s also interesting that SBA is recognizing the [...] [read full article…]
