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Jill On Money: Elder financial abuse is on the rise

Business / Jill On Money /

The world recently recognized Elder Abuse Awareness Day, a term that has many applications, depending on the region.

In this column, we are focusing on the financial exploitation of older Americans, which can be divided into two categories: financial abuse, which is committed by someone the victim knows, and financial fraud, which is ...Read more

Jill On Money: The high cost of parenting

Business / Jill On Money /

Parents, it’s not just you: It really does cost a lot to raise a child in the United States.

The annual Child Cost Aware of America (CCAoA) report is out and the results are staggering. The national average price of childcare for 2023 was $11,582 – and that’s just the AVERAGE!

In many parts of the country, especially those that have seen...Read more

Jill On Money: Lessons better than summer school

Business / Jill On Money /

More than 2 million high school and college students are expected to work summer jobs or internships this year.

For most, the summer is about making money, but toiling during the dog days can help young workers flesh out what they like and dislike about a particular job, determine what kind of workplace environment appeals to them, and can help...Read more

Jill On Money: Green shoots for housing inventory

Business / Jill On Money /

The spring housing season is almost over, and the results have been mixed.

Both existing and new home sales dipped in April, though prices remain elevated. The median existing-home sales price was $407,600 in April, and $433,500 for a new house.

Those numbers have jumped due to the pandemic-era frenzy for real estate. Four years ago, the ...Read more

Jill On Money: Slow progress on inflation

Business / Jill On Money /

The progress on inflation has been frustratingly slow this year.

The most recent evidence was found in the Consumer Price Index (CPI), which increased by 3.4 percent from a year ago in April, from 3.5% in March.

The Core rate, which removes food and energy, was up 3.6% from a year ago, from 3.8% in the prior month.

Although those changes do ...Read more

Jill On Money: Financial advice for college grads

Business / Jill On Money /

With campus protests grabbing the headlines, it’s easy to lose sight of an important fact: About 4 million Americans will graduate from college this year and for them, life is about to become more complicated.

The good news is that a robust labor market has provided many with well-paying jobs.

The median annual wage for recent college ...Read more

Jill On Money: Two-tiered retirement

Business / Jill On Money /

Are Americans prepared for retirement? It depends on who you ask.

The Alliance for Lifetime Income (ALI) released a study with an eye-catching headline: Two-thirds of peak Baby Boomers are not financially prepared for retirement.

However, results of EBRI’s 2024 Retirement Confidence Survey (RCS) found “two-thirds of the workers and three-...Read more

Jill On Money: What’s your retirement number?

Business / Jill On Money /

What will it take for you to retire comfortably?

For years, people would contact me to help them figure out their “NUMBER,” as if there were one, magic number that anybody could use.

A recent oft-quoted survey from Northwestern Mutual Life Insurance tried to boil the results down to one number and (drum roll, please) it is $1.46 million, ...Read more

Jill On Money: Student loans — Past and present

Business / Jill On Money /

Welcome to the 2024 college acceptance season, which has befuddled and elated students and their families.

Normally, this is the time of year when I remind you that financial aid packages are not always what they seem to be.

Families often confuse loans, which must be repaid with interest — and grants, which is essentially FREE money.

This ...Read more

Jill On Money: Last minute tax tips

Business / Jill On Money /

There are usually two types of people who wait until the bitter end before the April 15 tax deadline to file their returns: Those who owe money to the government and the folks who are flat-out procrastinators.

Whichever camp you fall into, let’s go!

The quickest and most efficient way to file is to use IRS e-file, which is available to all ...Read more

Jill On Money: What to do with your tax refund

Business / Jill On Money /

Tens of millions of Americans have already received tax refunds – and millions more will cash checks before tax season is over.

While recipients are usually happy that they have extra money, a tax refund is a lousy deal. Instead of thinking about the money as a windfall, Buzz-Kill Jill is here to tell you that you just made an interest-free ...Read more

Jill On Money: Financial cleanup — What to keep and what to shred

Business / Jill On Money /

You have changed your clocks, filed your taxes and March Madness has begun, which means that spring is upon us. The season could prompt a cleanup of the house, preparing the garden, or putting away the heavy parkas.

For me, this time of year is an opportunity to clean out the physical and electronic financial clutter in life, and to attend to ...Read more

 

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