Generational Finance

2019 Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Status of the Social Security and Medicare Programs

Past In April of 1935, politicians passed the Social Security Act through the U.S. House and in June through the Senate; it was signed into law by President Roosevelt on August 14, 1935. [1] Ida May Fuller became the first beneficiary of recurring monthly retirement payments on January 31, 1940, with a check for $22.54. …

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Can Financial Education Provide a Net Value?

Last edited 12/22/2016 Ideally, we would help people develop an economic understanding sometime before they get their first credit card, and before they take on education debt, or a mortgage, or car loan or lease. Some studies have shown that numeracy skills developed early in life positively impact later financial behaviors, and I suspect that…

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2012 FINRA Financial Capability Study

Yesterday, the Financial Industry Regulatory Authority released the results of its second National Financial Capability Study (the first was in 2009). . Excerpts from the news release: . Younger Americans, especially those who are 34 and under, are more likely to show signs of financial stress, including taking a loan or hardship withdrawal from their…

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