March 19, 2014
IT'S NO SECRET that many members of the so-called millennial generation are struggling financially. They may be the first cohort to end up worse off than their parents. The sheer number of millennials - about 80 million - makes them a significant force in the U.S. economy. But many of them have trouble accurately answering basic personal-finance questions, spend more than they make and are worried about their debt, according to a new survey by the Investor Education Foundation of the Financial Industry Regulatory Authority.
January 23, 2014 |
When Karen Balentine suddenly lost her husband to a heart attack in 2010 after 47 years of marriage, she was devastated. About a year later, though, she decided it was time to move on - and went online to do it. About the same time, Calvin Hubbard, 64, was grieving the loss of his wife, who died in November 2011. He had met her on the Internet, "and for 13 years it was a terrific marriage," he said. So, feeling lonely and hoping to make new connections, he turned to the Web again, though he wasn't looking to get married just yet. Balentine, now 71, and Hubbard were matched in 2012 on ChristianMingle.com, both agreeing they would be friends at first and go on "doctor dates" - he would drive her to medical appointments.
November 23, 2013 |
I was 10 when JFK was shot, so my "where were you?" memories are vivid. "Mom! Mom!" I shouted as a flashback film clip of a Kennedy interview flickered on the Motorola's minuscule screen. "President Kennedy's alive again!" I giggled. "He's sitting up in his coffin!" My fifth-grade wit earned not the applause I was going for, but my first (and, thus far, only) slap in the face. My mother was crying. It was abruptly clear that the black-and-white tragedy on TV had touched our family's heart.
May 21, 2013 |
NEW YORK - Baby boomers preparing for retirement are driving a surge in small-business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions. In the first three months of this year, the number of sales that closed jumped 56 percent from the same time in 2012, according to BizBuySell.com, an online marketplace for small businesses. Retirement was the No. 1 contributor to business sales in the fourth quarter of 2012 and the first quarter of 2013, according to a survey by Pepperdine University and two trade groups, the International Business Brokers Association and M&A Source.
April 9, 2013 |
NEW YORK - She was the first crush for a generation of boys, the perfect playmate for a generation of girls. Annette Funicello, who became a child star as a Mouseketeer on "The Mickey Mouse Club" in the 1950s, ruled among baby boomers, who tuned in every weekday afternoon to watch her on their black-and-white television sets. Then they shed their mouse ears, as Annette did when she teamed up with Frankie Avalon during the '60s in a string of frothy, fun-in-the-sun movies with titles like "Beach Blanket Bingo.
April 2, 2013 |
The realities are harsh. Many of the nine million jobs lost in the recession will never return. They are gone to globalization and automation. The slowly recovering job market is creating work that tends to pay less. The American worker is increasingly disposable, easily cast aside when not needed. Many of the oldest workers, the baby boomers, can't afford to retire. Others have retired unwillingly. "They've been left beside the road," said Rutgers University public policy professor Carl E. Van Horn, author of a new book, Working Scared (Or Not at All)
January 29, 2013
WHEN I HEARD that Sally Starr had died, I thought of my father, Phil, himself gone 14 years next month. I thought of his reaction when, in the summer of 1984, I announced that I was hoping to bring "Our Gal Sal" - who hadn't been heard from for 12 years - back to Philly as a way to publicize the RV Roundup, a recreational-vehicle exhibition scheduled for the old Civic Center that September. I was public-relations director for a Center City ad agency whose clients included the Roundup.
January 29, 2013 |
SALLY STARR, the vivacious and maternal blonde TV cowgirl who served as a surrogate parent for the Philadelphia region's baby boomers, died Sunday morning, two days after her 90th birthday. Starr died peacefully in a South Jersey nursing home shortly after 6 a.m., according to Michael Yip, a close friend of Starr's. She had been in poor health for years, both from various natural causes as well as from the effects of a 2005 car crash. The precise cause of death was not immediately known.
January 15, 2013 |
It was a moment to note when Leo J. Scoda told Phoenixville Borough Council on Tuesday - the day after his 71st birthday - that he would not seek reelection later this year to a fifth four-year term as mayor. This is a year for milestones for Scuda, who is marking his 50th anniversary as tennis coach at Phoenixville High School, a job he took when he became a science teacher in 1963. That was the fall that he moved to town, after earning a bachelor's in biology at Pennsylvania State University.
October 29, 2012 |
Rich Morin did a virtual double take, and so should you. Because what he and a colleague at Pew Research Center discovered about wealth and retirement is what I've been sounding alarms over for three years, a lone wolf in a media and political pack that blissfully ignores this scary reality. Hard data are starting to pile up, most recently in a new report by Pew, that the most financially fragile group in America doesn't include Grandma or that guy in his early 60s or even the twentysomethings who entered the workforce during a doozy of a recession.