Last month Nevada joined a growing number of states and cities that are forbidding companies from using credit checks to make employment decisions. But the practice is still legal under federal law. [...]
With a contracting retirement income system, rapidly rising health-care costs, and the prospect of long-term care expenses, one would have thought that people approaching retirement would be paying off their credit card debt and closing out their mortgages. But surveys suggest that people are entering retirement with more debt than ever before and relying on borrowing to cover expenses in retirement.
It used to be that many Americans entered retirement having paid off their mortgages and most of their other debts. This should have been senior citizens' Golden Years.
Nowadays, more and more people over the age of 65 are struggling with mounting debt levels, fueled primarily by mortgages and credit cards. The average debt held by senior citizens has ballooned to $50,000 in 2010, up 83% since 2001, according to Federal Reserve data crunched by the Employee Benefit Research Institute. [...]
The National Voter Registration Act set the first ever national standards for mail-in registration and increased the number of places people could register to vote, including motor vehicle and public assistance offices.
Since NVRA was passed, citizens can now register to vote when they go to public assistance offices to apply for welfare or disability benefits, or at their local DMV when they apply for a drivers license — hence the nickname “Motor Voter Act” — and also allowed for mailed-in registration forms. The result was that over 30 million people registered via the new paths opened by NVRA in its first year.
A recent AARP Public Policy Institute report found that average credit card balances for households over age 75 jumped 31 percent during the recession. A separate AARP report found that boomers - households over age 50 - now have higher overall credit card debt than younger people - a reversal of previous trends.
The average combined balance on all cards in 2012 was $8,278.
FREDERICKSBURG, Va. -- There's nothing Deidre Duffy would rather do than host a backyard barbecue for a few friends.
"I don't want anything fancy," Duffy, 53, said in an interview next to her black Weber grill. "Give me some charcoal and I'm going to shoot those flames about six feet high, and when they come down -- it's my favorite thing."
An influential state lawmaker in North Carolina is launching an effort to make it harder for his state’s citizens to vote. It’s a development that should trouble voters, especially because North Carolina’s election process has been improving lately.
An influential state lawmaker in North Carolina is launching an effort to make it harder for his state’s citizens to vote. It’s a development that should trouble voters, especially because North Carolina’s election process has been improving lately.
More and more Americans are spending their golden years racking up debt—a trend that if left unchecked could derail entitlement reform and alter the traditional pattern of wealth being transferred from older to younger generations.
For the past several decades, millions of senior citizens have been able to enjoy relatively safe retirements, in part due to a lifetime of savings, private pensions, Social Security, Medicare, and home ownership.
The number of Americans age 60 and over in debt is alarming. A recent report by the AARP’s Public Policy Institute and the research organization Demos revealed that Americans over the age of 50 carried substantially more debt on credit cards — an average balance of $8,278 — than those under 50, whose average balance was $6,258.
The push for Same Day Registration has encountered a curious adversary in some states this year – county clerks.
The latest example is Utah, where the state Senate killed a SDR bill last week on an 18-10 vote. Under current state law, Utahans must register at least 15 days before an election if they want their ballot to be counted. Since many voters don’t tune in until the waning days of a campaign, arbitrary deadlines like this come as an unwelcome surprise to a lot of people who hope to participate in elections.
When it comes to Election Day, Minnesota and Montana are very different animals. Despite its size, most of Minnesota’s increasingly diverse population resides in the state’s major cities, while three-quarters of Montana voters live in a county with fewer than 100,000 residents. And while Montana is solidly red in presidential elections, Minnesota hasn’t thrown its weight behind a Republican since Richard Nixon’s landslide victory in 1972.
The job market has been tough for older workers, but did you ever imagine that you wouldn’t land a job because of your credit report?
It’s possible.
As I wrote about in my Forbes blog, Bad Credit Can Cost You a Job, if you’re looking to change careers, find a new job, get promoted, or just hang onto the one you have, a messy credit report can trip you up.
When Barack Obama won a second term in the White House in November 2012, many observers concluded that new voting ID laws hadn't had much effect on turnout. After all, the election had swung in Democrats’ favor, and young and minority voters comprised a larger share of the electorate than four years earlier. So identification requirements aren’t the threat to voting rights that many feared, right?
More data from the 2012 election is in, and it’s tough to deny that the health of democracy and safety of your voting rights vary widely depending on where you live.
That finding comes through clearly in a new report from Nonprofit VOTE, a nonpartisan group that encourages nonprofits to engage voters. The report parses the latest data on the 2012 elections, and it should be required reading for the legion of state lawmakers considering changes to election laws this year.
Middle-income Americans age 50 and older are now carrying more credit card debt on average than younger people, according to a 2012 study released by Demos. This is a reversal of the findings from the Demos survey which took place in 2008.