Long-term marriage vows were once seen as unbreakable, yet people over 50 are increasingly parting ways. Older Americans Are Divorcing A 2022 study from The Journal of Gerontology reports that 36% of divorcing Americans are over 50. This surge in “gray divorce” presents challenges and implications extending well beyond the couple. Decades of Wealth Need […]
Author: Mark Garro
Medicare’s Unseen Expenses Affecting Seniors’ Health
Those approaching the age of 65 may be looking forward to enrolling in Medicare, and assume the program will cover most healthcare expenses. However, new data shows that Medicare is not the one-stop solution many had hoped for regarding healthcare costs. Facing Financial Hardship The latest study from The Commonwealth Fund (CF) raises concerns about […]
High Debt Causes Many Gen Zers to Live with their Parents
In the U.S., young adults are facing financial challenges unlike those of their parents. The burden of debt driven by enormous mortgages and students loans are having a dramatic impact on key life milestones. Financial Dependence on Parents The Pew Research Center reports that less than half of 18- to 34-year-olds are fully financially independent […]
Millennials Suffer from Investment Scams
Americans aged 30-49 are falling victim to investment scams more frequently than any other age group. This revelation comes from a recent FBI report that shines a light on a troubling trend in the digital age. Increased Vulnerability Among Millennials The FBI’s findings reveal that millennials have reported over 13,000 investment scam complaints. This demographic’s […]
Millennials May Lose Billions with Boomer Inheritance Shift
For some, inheritance might seem like a given, but Boomers are starting to follow trends from prominent figures like Warren Buffett and Sting and are moving away from simply passing down wealth. Baby Boomers, set to pass on $68 trillion by 2030, are exploring alternative options that don’t necessarily include traditional inheritances. Prioritizing Family Harmony […]
Steer Clear of These 15 Financial Risks in Retirement
The word retirement can excite pure bliss or financial dread. Are you ready to enjoy a peaceful life, basking in all you have accomplished, or are you worried about the money you have saved? A lot of retirees are not ready financially for the change, but luckily, there are some resources for those in need. […]
Demand for Healthcare Overhaul Rises Amid Medical Debt Crisis
The increasing financial burden of healthcare is putting many Americans in a tight spot. A recent survey reveals the challenges individuals face in paying their medical bills, suggesting a deep-seated problem that extends beyond mere affordability. A Comprehensive Study A 2024 Healthcare Financial Experience Study conducted by Cedar delves into the reasons why Americans find […]
Iceland’s Gender-Pay Gap Protest Makes World Notice
In a striking demonstration, women across Iceland momentarily stepped away from their roles, both in offices and at homes, to bring attention to the persistent gender pay gap and the issue of gender-based violence. This silent yet resonant protest not only underscores the critical role of women but also offers the United States an opportunity […]
U.S. Housing Market Reaches Lowest Point
The U.S. housing market is at a turning point. High mortgage rates mean prices might drop, giving buyers a chance to get their foot in the door. Meanwhile, sellers face new challenges as interest rates and the number of homes for sale change. U.S. Housing Market Hits Rock Bottom According to the CEO of real […]
$7 Trillion Lifeline: Budget Boost for Those in Need
President Joe Biden has released a $7.3 trillion budget for 2025. The proposal lays out his vision for the U.S. economy and acts as a campaign pitch against rival Donald Trump. The plan, packed with tax reforms and spending, aims to help lower-income families by taxing the wealthy and big companies more. Tax Overhaul for […]