As pundits half their age dominate the airwaves with prognostications on whether the next Great Depression is just around the corner, a small group of overlooked folks who not just lived through it but worked through it – on Wall Street – are still here.
A growing list of employers have reduced their matching contributions to workers' 401(k) accounts as they struggle to preserve cash in the recession. But here's how bad it's become: Even AARP has suspended its 401k match for the rest of 2009.
Wilma Erwin is fuming. Despite an 18-year track record of paying her bills on time, the retired principal got a notice April 15 from Discover Card that her card's 10.99 percent rate will jump to 15.24 percent.
When you're laid off, the loss of health insurance can be almost as devastating as the loss of income. But what many don't know is that the federal government will pay most of the insurance tab for nine months.