As a consequence of an aging population, more working Americans are finding themselves faced with saving for retirement while sandwiched between financial obligations to children and to parents and older relatives.
By the time you feel ready to get serious about your money, it may be too late to make up for lost ground. And there are no medical breakthroughs when it comes to retirement or building an adequate nest egg.
Lending money to family and friends is a big issue in our community. These transactions are as much emotional as they are financial, and they rarely end well. Here are five things to consider before you open your wallet or your checkbook for a loved one.
Lying to your partner about how much you spend, save or borrow all fall under the same general heading of "financial infidelity." According to the most recent data, quite a few of us are getting it on with our checkbooks.
Education, employment, predatory lending, you name it: There are systemic forces that have worked against our ability to create wealth. However, perhaps a bigger problem is the mind-set some of these factors have helped to create.
October 2011, and people are finally raising one of the biggest parenting taboos there is: do parents play favorites among their kids? One kind of favoritism is clearly damaging well past childhood, and can even ripple through generations of families.