In part one of this article, we discussed the substantial increase in consumer debt by older Americans and the anticipated increase of subsequent debt collection efforts against older Americans. Thereafter, we began a discussion of what seniors should know about debt collection so as to prepare for that unwelcome event should it arise. We now…
This two-part article takes a look at what seniors should know about debt collection. Americans are going further and further into the red. Experian Information Solutions reports that consumer debt in the United States reached $13 trillion in the fourth quarter of 2018. Helping to comprise that total debt are credit card debt at $834…
No one ever plans to be sick or disabled, yet it does happen. While seniors comprise the majority of disabled people in the United States, working-aged adults are not immune to the risk of becoming disabled permanently or temporarily. According to the Council for Disability Awareness, 5.6 percent of working Americans will experience a short-term…
The United States and alcohol consumption go hand in hand. Throughout the history of our great country, Americans have struggled to find a healthy balance between reasonable alcohol consumption and the over indulgence of intoxicating beverages. Our forefathers, seeking a new life in America, brought with them a culture of alcohol consumption, and sometimes alcohol…
According to the State of Missouri’s Office of Administration, our state’s elderly population has increased more consistently and proportionately than any other age group. While Missouri residents age 65 and over represented only 10% of the population in 1950, by 2030 the Office of Administration predicts their numbers will represent more than 20% of all…
The choice of a skilled nursing facility or long-term care facility is challenging, and chances are good that you, along with many Americans will someday be faced with the need to find such a facility for yourself or a loved one. What’s the difference in the two you ask? The care provided in a skilled…
“Your peers will respect you for your integrity and character, not your possessions.” David Robinson But if possessions are temporary and do not reflect the character of man, why are so many older Americans swimming in them? The overabundance of personal property is troubling when you consider many older adults live on limited or fixed…
A power of attorney (POA) is “a written document in which one person (the principal) appoints another person to act as an agent on his or her behalf, thus conferring authority on the agent to perform certain acts or functions on behalf of the principal” according to The Free Dictionary by Farlex. Powers of attorney…
Death is an inevitable part of life. Many of us are reluctant to face that fact but the last time I checked, none of us will live forever; therefore, planning for end-of-life events is not only prudent, but it is also an excellent way to protect the assets you obtained during your lifetime and a…
In part two of our discussion relating to vehicle accidents, we will explore important insurance topics. Please note I am not an insurance salesperson, adjuster, or insurance executive so my article seeks to provide an unbiased overview of insurance topics. No insurance parties were harmed in the making of this article. Nearly every state requires…
