NEW YORK, July 1 (Reuters) – In the debate over growing
student debt, there has always been one mitigating factor:
Borrowers tend to be fairly young and there is plenty of time to
pay off what they owe.
So what about those who are not so young?
This is a mounting concern. Those 60 and older now owe $43
billion in student loan debt, according to data from the Federal
Reserve Bank of New York, a new record for that age group.
NEW YORK (Reuters) – When Juliann Reynolds’ husband died of cancer in 1992, she had to decide how to plan her own estate.
The now-retired speech therapist from Rancho Cucamonga, California, knew she had to safeguard the future of her young daughter, Maren. Still, the possibility that her daughter might receive a large chunk of money when she reached the age of consent on her 18th birthday was worrisome, says Reynolds, who is now 65.
NEW YORK (Reuters) – For some people, overspending might mean ordering the lobster or splurging on an extra pair of shoes at Macy’s.
For Julie Fast it’s different. The Portland, Oregon, author woke up one day and decided to go on a trip to China. She obtained a visa, hopped on a flight, enrolled in language school and was conversing in Mandarin within weeks. Along the way, she blew through around $10,000.
NEW YORK (Reuters) – When Theresa Tufaro started running back in her college days, she thought she was taking up one of the cheapest hobbies ever.
“In theory all you need is some workout clothes and a pair of sneakers,” says the 32-year-old, who works as a marketing manager for publisher Scholastic in New York City. “I didn’t quite realize what I was getting into.”
NEW YORK (Reuters) – In the annals of Hollywood, Wall Street has not been treated very kindly.
From “Wall Street” to “Boiler Room”, “Trading Places” to “American Psycho”, the halls of finance are usually portrayed as places of shiny excesses and dark hearts.
NEW YORK (Reuters) – In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special projects editor for International Living magazine. But by residing in the village of Cotacachi in the Ecuadorian Andes, he has leveraged his income into a better lifestyle than he would ever enjoy stateside.
NEW YORK, May 17 (Reuters) – In the financial world,
arbitrage is a trading strategy that earns profit by exploiting
price differences between markets.
By that definition, Dan Prescher is a sophisticated
arbitrageur. The 58-year-old makes a decent living as a special
projects editor for International Living magazine. But by
residing in the village of Cotacachi in the Ecuadorian Andes, he
has leveraged his income into a better lifestyle than he would
ever enjoy stateside.
NEW YORK, May 3 (Reuters) – If there is a stock market
superhero these days, it is the humble dividend.
The companies in the Standard & Poor’s 500 Index
doled out a record $281.5 billion in dividends in 2012, and
payouts in 2013 are slated to rise even higher.
NEW YORK (Reuters) – If you were thinking of inviting Marissa Anwar to your wedding, you might want to save the postage. She is not interested.
Nothing personal. It is just that the 29-year-old operations consultant from Waterloo, Ontario, is tapped out. Last year she attended six weddings — some of which actually had two ceremonies, because of different faiths involved — and was a bridesmaid three separate times.
NEW YORK, April 18 (Reuters) – When the housing market went
bust, house flippers went into hibernation. Now, as the recovery
creeps along, bargain-hunters are once again looking for homes
to fix up and resell for a quick profit.
Just take a look at the numbers. Home values are on the
rise, with a year-over-year price increase of 11.6 percent,
according to the National Association of Realtors. Inventory has
cratered to levels not seen since 2005.