I think we can all agree on one thing: Saving is good.
A surge of early retirements and a decline in payroll tax revenue
caused by the recession have begun to cut deeply into Social Security's
JuWanda Harris spent the last year rising before the sun to work two
jobs, using the money to support her brother and sister and help her
parents with everything from gas bills to toothpaste.
Do you pay someone to prepare your annual tax return? If so, you've got plenty of company.
Reeling from the recession's one-two-three-punch of job woes,
climbing mortgage payments and evaporating equity, desperate homeowners
are dipping into a nearby income stream to avoid foreclosure.
Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.
Nearly 45 percent of U.S. households are "at risk" of not having enough to maintain their living standards in retirement, according to the National Retirement Risk Index, a special project of the Center for Retirement Research at Boston College.
With a surge of last-minute votes expected, Oregon will decide Tuesday whether to impose higher taxes on businesses and people whose income is well into six figures.