In recent years, we have developed an unhealthy habit of blaming the borrower, but there are two parties in every financial contract -- and the lender is almost always the more experienced, more sophisticated, and more powerful of the two.
Five ways to find the money to help fund those later years: controlling housing and transportation costs, social security, company retirement plans, and self-directed savings. A fiduciary advisor, fee-only (paid by the hour), can be an excellent source for help.
The Dodd-Frank rulemaking process, now in its fourth year, has been so long, wonky and arcane that it has entirely lost the interest of the public and the press -- as perhaps was the plan of its detractors.
President Obama's new budget attempts to define a progressive alternative to conservative demands for a politics of austerity. European progressives are wrestling with the same challenge, and are reaching similar conclusions.
While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.