Money and Computing
How Seniors Change Their Asset Holdings During Retirement
More generally, our results indicate that most of the older population is extremely cautious in formulating their spending plans as they age. This may be because of a very strong bequest motive or because of a concern that they will face emergency expenditures, most probably related to health care. However, the conservatism is so extreme, especially among the more affluent, that one cannot avoid the suspicion that many are unnecessarily forgoing consumption. more »
Something New: A Privacy Complaint Tool
The Center for Media and Democracy has introduced the Privacy Complaint Tool: "From time to time, you may encounter a Web site or an Internet-based product or service or an offline company that you believe is violating your privacy." more »
Making Thoughtful Plans For a Retirement Home
Some states have superior regulatory laws, some have few. Where we live in North Carolina, the Department of Insurance oversees the long-term care communities, thanks in large part to the work of an attorney who retired here and saw the need for oversight. If residents have legitimate conflicts with management, it's a good thing to have a place to turn. There is a National Continuing Care Residents Association (NaCCRA). more »
Frontline's The Card Game; An Examination of Credit Card Practices
President Obama and his team pushed through a credit card reform bill in May, and they're now looking to establish a new Consumer Finance Protection Agency. But the banking and financial services industries contribute huge amounts of money to Congress - and the jury is still out on whether the new regulations can pass. From a Frontline press release about the upcoming PBS program about the consumer loan industry and its impact on a fragile economy. more »