Money

The Government Accountability Office examined: (1) the trends in and status of marriage and labor force participation in American households, (2) how those trends have affected spousal benefits and retirement savings behavior within households today, and (3) the implications of these trends for future retirement security. From 1960 through 2011, the percentage of women aged 62 and older receiving Social Security benefits based purely on their spouse's (or deceased spouse's) work record declined from 56 to 25. more »

Susan Milligan writes: Female workers don't need to be told what numerous studies have concluded: Women, on average, are paid less than men, even when they are doing the same job. But where workers live also makes a difference. Female workers in Wyoming earn just 65.5 percent of what men earn, worst of any state. In the nation’s capital, women fared best and are nearly at parity, making 94.8 cents on the male-earned dollar. more »

Pamela Prah writes: After four years of a fragile and uneven recovery, the US job machine is likely to kick into high gear in 2014. Even recession-battered states such as Arizona and Florida are expected to generate jobs at a healthier clip. Overall, the economy is projected to generate 2.6 million jobs in 2014 year, up from 2.2 million last year, largely on the strength of the country’s booming health care, energy and high-tech sectors. more »

The Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include sample letters that consumers can send to their mortgage servicers. more »