https://www.nytimes.com/2018/08/18/business/banks-financial-fraud-seniors.html Helping Banks Flag Fraud Against Seniors Image Judith M. Shaw, the administrator of Maine’s Office of Securities, had an idea: Train bank employees to recognize suspicious activity, like sudden large transfers, in exchange for greater protection from legal liability for reporting it.CreditCreditGreta Rybus for The New York Times By Elizabeth Olson Aug. 18, 2018 Dawn … Continue reading Helping banks protect seniors against fraud →

I volunteered with Fool way back when they were first starting their current empire with posts and groups on AOL. Fine people who continue to produce helpful info. https://www.fool.com/retirement/2018/08/19/more-americans-are-living-into-their-90s-and-thats.aspx More Americans Are Living Into Their 90s -- and That's Bad News for Their Savings For some people, living longer may lead to financial disaster. Katie … Continue reading Many people who are in their 90s never expected to grow that old and didn’t save for it →

The savings rate is an indicia not only of the country's economic health but of its population's ability to be self-supporting in old age. The savings rate appears to have trended up but only because the amounts sourced from passive income (dividends, interest, capital gains, etc.) have increased. Those who rely solely on earnings are … Continue reading Another indicia of the poor/wealthy divide — savings rates (duh) →

But still no accountability. Indeed the minimal constraints put on large institutions are being thinned and, in some cases, wiped out. Having lots of cash doesn't make you smarter -- it just adds hubris and a feeling that you're responsible for success founded on luck and others' efforts. Here are links to two New York … Continue reading Finally, a look back at the financial collapse of 2007-2008 →