Housing, Health Costs Top Expenses for Older Americans
In this age of longer life spans, age 50 might not seem old, but housing and health care spending are having a significant impact on the older 50 cohort, one that’s growing.
Advisor Confidence Moving in Positive Direction
This slight shift is similar to that of Spectrem Group’s affluent-investor survey and the University of Michigan’s Consumer Sentiment Index
Affluent Investors Mirror Broader Economy’s Tepid Optimism
If affluent investor sentiment is a guide, the economy continues to progress at a steady but very slow pace.
An Executive MBA: The Ultimate New Year’s Resolution for Financial Advisors
With 2012 just days away, financial advisors looking for that new year’s resolution that just might stick should consider an Executive MBA program that may have more lasting results than most diets.
Another Judge Challenges SEC Settlement
Milwaukee Judge Randa’s objections are reminiscent of Judge Rakoff’s criticisms of the SEC’s settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
Expected Retirement Age Increases, but Percentage of ‘Never Retirees’ Falling: EBRI
While the majority of older Americans say they will retire at a later age than they previously thought, the percentage of people near retirement who say they will probably never retire is going down, the Employee Benefit Research Institute found.
Confidence in Economy Sinks to 2009 Lows
Chase's Dimon blames crisis of confidence on 9% unemployment, but Fed Governor Tarullo laments that the U.S. labor market has lost its former dynamism.
Winning and Losing States of America
The economic laboratories at work in the 50 states have produced disparate results according to new government data, and experts say the success of states like North Dakota and Utah and poor performance of Michigan and Nevada have national implications.
Business Tax Reform: Territorial System, VAT Highlight Senate Hearing
Witnesses testifying Thursday at the latest Senate Finance Committee meeting on tax reform regarding tax treatment of international businesses, found some common ground but also considerable disagreement on the best strategies to employ.
News Analysis: Are We in a Recession?
Consumer confidence plunged to two-year lows in August, stoking predictions and outright declarations that the economy has slipped into recession. The latest Consumer Confidence Index reading of 44.5 is lower than the 53.9 average for the 2007-2009 recession.