Officials in North Las Vegas are looking to use a law designed for physical emergencies to address its fiscal crisis.
The Economy
It’s bad enough to graduate from college with a mountain of student loans in a world where the prospects of landing a good job are terrible. But at least grads have something that should help their careers in the short- and long-term: a college degree.
Boomers were the first to struggle en masse with both the financial needs of kids in college and retired parents outliving their nest egg. Now, the kids may be out of college—but moved back home. Meanwhile, mom or dad has not only run short on cash—but needs a daily caregiver too.
Boomers have got the message: For most people, it makes sense to delay Social Security benefits to age 70 if possible. More made the choice to delay in 2011 than at any time since 1976. Here’s how you can afford to wait too.
After the recession, many Americans began cutting back and slowly chipping away at their household debt. Unfortunately, this noble effort seems to have tapered off, according to a new University of Michigan study. In fact, according to the study, one in every five households now owes more in credit cards, medical bills, student loans and other debt [...]
One of the biggest flaws in most people’s retirement plan is something that previous generations rarely worried about: monthly income guaranteed for life. But the fix is in, and before long your 401(k) may look a lot more like your dad’s pension.
The American Dream of home ownership has taken some hits in the recession. But it remains alive and well, though with some twists that will help shape the nature of the budding housing recovery.
Last week, the post office announced that rather than close thousands of rural post offices around the country to cut costs and reduce a ballooning deficit, it would drastically reduce hours at many of those locations. Some, in fact, would now be open for as little as two hours a day.
The decline of traditional pensions and steady erosion of Social Security benefits has begun to leave most retirees without a source of guaranteed lifetime income. Plugging that hole is emerging as the most important retirement issue of our day.
A trio of lawsuits is threatening to curb the growth of internships without wages.
The latest proposal to save the financially strapped U.S. Postal Service would allow it to ship beer and wine, overturning a temperance-era law that has been on the books for more than a century.
