Money
Ben Speaks: The Economic Outlook and Monetary and Fiscal Policy
The pace of economic recovery seems likely to be moderately stronger in 2011 than it was in 2010 ... considerable time likely will be required before the unemployment rate has returned to a more normal level ... average hourly earnings have risen only 1.6 percent ... I hope that the Congress will seek reforms to the government's tax policies and spending priorities ... more »
MetLife Mature Market Study: An $8.4 Trillion Boomer Inheritance
The wealthiest Boomers will be given an average of $1.5 million, while those at the other end of the spectrum will be left $27,000, an amount that represents a larger percentage of the latter group’s overall wealth. Two-thirds of all Boomers stand to receive some inheritance over their lifetime. more »
Census: Redistricting and Women-Owned Businesses
"As business owners, women in 2007 had a major impact on the nation's economy, employing more than 7.6 million workers." Nearly half of all women-owned businesses operated in repair and maintenance; personal and laundry services; health care and social assistance; and professional, scientific and technical services. more »
A New Reverse Mortgage Product and NCOA's Use Your Home to Stay at Home Booklet:
With a new FHA Home Equity Conversion Mortgage Program (known as HECM), one of the biggest upfront fees that borrowers are expected to pay will be almost eliminated. But The New York Times article, Changes on Reverse Mortgages Will Alter Fee Structure, warns that the "ongoing monthly insurance premiums will rise drastically". more »