Marjorie Bloom is a widow who retired from her civil service employment. At the age of 77, a fraud investigator at her bank told her that criminals used stolen personal information to hack her account. The investigator urged her to wire her money — about $661,000 — to a different account to protect it from […]
Depending on their location, senior homeowners in California may be plagued by wildfires, earthquakes, floods, coastal erosion, mudslides, and other environmental disasters. In the Los Angeles area alone, one insurance company received more than 13,000 claims from property owners for damage caused by the 2025 wildfires. While wildfires primarily threaten the residents of rural communities, […]
An estimated 63 million Americans provide unpaid care to an adult family member or a disabled child. About 37% of unpaid caregivers provide care to their parent or parent-in-law. Due in large part to the aging of the Baby Boomer generation, the nation has seen a 45% increase in the number of family caregivers during […]
Few changes have been made to Social Security in 2026. Despite dire clickbait headlines warning that the Social Security Trust Fund is in imminent danger of collapse, Social Security payments are projected to be fully funded through the last quarter of 2032. Until this year, the Trust Fund was not expected to be depleted until […]
The woes that bedevil family caregivers are well documented. Unpaid caregivers make enormous sacrifices to care for their parents and other relatives who suffer from dementia. Because they work part time or forego outside employment entirely while providing care, family caregivers may sacrifice their careers. Unpaid caregivers incur an average of $12,388 in out-of-pocket costs […]
The Administration for Community Living reports that an American who turns 65 today will have a 69% chance of needing long-term care services at some point in their remaining lifespan. While the remaining 31% will never need the assistance of caregivers, about 20% of Americans turning 65 will need care services for at least five […]
The death of a loved one is a stressful time. As relatives cope with grief, they may also be under financial pressure. The death of a spouse who managed family finances might leave the surviving spouse without access to necessary funds. While the survivor can easily withdraw funds from joint bank accounts, she will need […]
The budget reconciliation act that Congress passed in 2025 — known as the “One Big Beautiful Bill” until “One Big Beautiful” was stripped from the Act’s title — affected seniors in several ways. Changes in the Medicaid program that won’t take effect until after the 2026 midterm elections is likely to cause millions of Medicaid […]
There is a lot to unpack in the recently enacted budget reconciliation bill. Known as the “One Big Beautiful Bill Act” before that title was stripped by the Senate, the 870-page law makes changes in taxation, increases funding for immigration enforcement and the military, and reduces funding for programs that make life better for many […]