After accumulating a mountain of debt compared to income during the crazy days that led to the Great Recession, young adults have knocked off a large portion of their debt — more so than older adults — by simply owning less of the big-ticket items that drain finances, such as homes and cars. The debt-to-income ratio of younger adults doubled from 1983 to 2007, peaking at 1.63. It has since fallen to 1.46, but remains higher than that of older adults, whose debt-to-income ratio is at 1.22.
Some wonder what patients could really do with the information.
American Financial Group Inc. has decided to change the way it reports on the performance of its Great American Life Insurance Company annuity operations,…
The ads spread the idea that lifetime annuity income never runs out.
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