Money

For the two middle net-wealth households GAO profiled with about $350,000 to $375,000 in net wealth, experts recommended purchase of annuities with a portion of savings, drawdown of savings at an annual rate, such as 4 percent of the initial balance, use of lifetime income from the DB plan, if applicable, and delay of Social Security. more »

Brooksley Born speaks on a re-broadcast of PBS Frontline program, The Warning, about her failed campaign to regulate the secretive, multi-trillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008. "What was it that was in this market that had to be hidden?" more »

The housing sector typically plays an important role in economic recoveries; the depressed state of housing in the United States is a big reason that the current recovery is less vigorous than we would like... Overall inflation measures reflect these [commodity] price increases: ... over the six months through April, the price index for personal consumption expenditures has risen at an annual rate of about 3-1/2 percent, compared with an average of less than 1 percent over the preceding two years. more »

The results of a new study indicate that the asset cost of poor health may be substantially greater than most estimates of out-of-pocket medical spending. Poor health may result in reduced earnings near the end of an individual’s work life, or may trigger expenses associated with home renovation, relocation, or the hiring of various service providers. more »