Filed under: Insurance, Retire, Health, Investing
A new survey of gay, lesbian, bisexual and transgender baby boomers shows they are less likely to be in a relationship than non-gay boomers and more likely to be concerned about caring for themselves as they age. Yet, the survey of 2,400 adults age 45 to 64 — half of them heterosexual — found that two-thirds of the non-straight people do have a “chosen family” of friends to support them.
Filed under: Debt, School, Student Loans
Tacked on to the health care reform bill at the last minute was a bill to overhaul the student loan program and eliminate a $60 billion program for support of private student loans. If the reconciliation bill is passed by the Senate, all future student lending will be done by the federal government, with private lenders servicing those accounts. Changes will start July 1 if the Senate passes the bill and it’s signed into law.
Filed under: Insurance, Retire, Health, Investing
A new survey of gay, lesbian, bisexual and transgender baby boomers shows they are less likely to be in a relationship than non-gay boomers and more likely to be concerned about caring for themselves as they age. Yet, the survey of 2,400 adults age 45 to 64 — half of them heterosexual — found that two-thirds of the non-straight people do have a “chosen family” of friends to support them.
Filed under: Insurance, Insurance – Health Insurance
Even before health care reform legislation was passed Sunday night, Republican lawmakers on the floor of the House of Representatives promised a constitutional challenge of the bill led by the states. South Carolina Attorney General Henry McMaster made the promise real Sunday night by saying that South Carolina was joining with Florida’s Attorney General Bill McCollum to challenge the “constitutionality of this profoundly unwise legislation.”
There are two key provisions the attorneys general plan to question: one is the individual mandate to buy insurance, and the second is the rule of state sovereignty. They plan to question whether the government has the right to require individuals to purchase a product from a private company. The same question was asked in Massachusetts after its health care bill was signed into law requiring the citizens of Massachusetts to buy health insurance. So far, judges have dismissed these lawsuits. (Continue the story…)
Filed under: Money College, Debt
I can remember being 17, sitting in our Michigan farmhouse, across the kitchen table from my mother. “You don’t have to go there just because you got a scholarship,” she said. “You can go to any other college you want. We’ll make it work.”
A feeling of utter practicality took over my brain. Paying thousands of dollars or going to school for free?
Filed under: Insurance, Health, Insurance – Health Insurance
Spending on health care is projected to rise from 16% of gross domestic product (GDP) in 2007 to 37% by 2050 and 49% by 2082. In other words, if allowed to grow uncontrolled, health care will eat up half of everyone’s spending money by 2082. Federal spending on health care also will grow to unsustainable levels, from 4% of GDP in 2007 to 12% by 2050 and 19% in 2082.
Filed under: Credit, Debt, Credit Cards
Money is the number one reason for fights in a marriage. In fact statistics show that 80% of divorced couples indicate that financial trouble was the primary reason for their divorce. So what can you do to avoid destroying your marriage with debt and financial worries?
Filed under: Insurance, Video, Ad Rant
There are plenty of old geezers who wish they could rock out like Axl Rose just once in this lifetime, but Warren Buffett has made it a reality.
Filed under: Retire, Investing, Retirement Advice
Given the choice, should a soon-to-be-retiree take the monthly company pension or the whole pension amount at once – known as “the lump?”
Filed under: Insurance, Insurance – Health Insurance
UCLA’s Center for Health Policy Research surprised everyone when they reported on March 16 that nearly one in four Californians, or 8 million, lacked health insurance during 2008 and 2009. That represents an increase of nearly 2 million in just one year because of the deep recession and mass layoffs.
But California isn’t alone in those dismal statistics. Based on data from The Kaiser Commission on Medicaid and the Uninsured, 19 states reported uninsured rates among non-elderly adults above 20%, and four states — Florida (26%), Louisiana (26.5%), New Mexico (30.5%) and Texas (31.5%) — reported results above California’s 25%. The Kaiser study is based on 2007-2008 data. The 2008-2009 data won’t be available until October 2010. So with the deep recession and mass layoffs, we can expect these numbers to be much higher. (Continue the story…)