by Jadranko Tomic-Bobas, Managing Hotline Attorney Over the last decade, outstanding student loan debt has nearly tripled with the current total is $1.3 trillion. Households with a net worth of less than $8500 hold more than 60%. More than 3 million Americans ages 50-64 are in default on their student loans. According to data compiled by the Federal Reserve Bank of New York, “Americans 50 and older … Continue reading I am 65 and stuck with student loan debt. What do I do?
Attorneys serving Clients who call the Legal Hotline for Michigan Seniors listen to many accounts of seniors dealing with a variety of financial issues. It is disheartening to hear of seniors who have worked hard all their lives and are now living on a fixed income trying to budget all their financial liabilities. Here are some simple financial “No-No’s” which may minimize your financial burdens: … Continue reading Financial Literacy and Saying “No”
April is Financial Literacy Month! Throughout the month of April, we will be focusing our blog on articles, information, and resources associated with money management and financial literacy. For many older adults, economic security begins with basic knowledge of money management. Being faced with scams, making decisions associated with long-term care, retirement planning, debt-collection and much more, it’s becoming increasingly important for older adults to become … Continue reading This April, Take the Opportunity to Get Savvy About Your Finances