Social Security was established in 1935, due to so many elderly people going hungry during the Great Depression. President Roosevelt felt people were losing hope. The Welfare Department was established and Social Security began. In the past, FICA tax paid into the...
Healthcare costs are much higher because older workers are not retiring. They stay on and keep their health insurance and take up a place of employment that would normally go to a younger person. This is why younger folks are having a harder time finding employment...
Following are some numbers showing how the U.S. government spends money. These are big numbers, so it’s pretty hard to get any kind of perspective on what they really mean to you personally: U.S. Government Spending U.S. Tax revenue: $2,170,000,000,000 Federal...
National statistics report that healthcare costs for retired persons average $250,000 from age 65 through the remainder of life. How can a retired person (or anyone for that matter) afford this expense? Statistics show that 91 percent of those retired are totally...
Economists with the best prediction track records have recently spoken out about what the future economy holds. Here are quotes from these economists from last year for you to review and decide what you might do better or differently with your personal finances. ...
Most states have passed a law allowing their citizens to “freeze” their credit with the three main credit bureaus: Experian, TransUnion, and Equifax. A credit freeze simply means that any new credit accounts without will not be approved and your credit file cannot...
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