Tight times are hitting older Americans directly in their wallets. With the nation’s jobless rate spiking at 8.1 percent and likely to continue rising, nearly 5.6 percent of workers 55 and older are unemployed, and many are struggling to find jobs. Those on fixed incomes have seen their retirement savings shrink by 30 to 40…
Tag: savings
Scrooge or Shopaholic?
Thought of the day: [note]Smart money management isn’t about saving every dollar possible and deferring all gratification, even in a recession. It’s about striking a balance between today and tomorrow.[/note] If you, like me, are still trying to find your footing in the world of personal finance, finding your balance is very important. If you…