Aug 6, 2018

The number of seniors filing for bankruptcy is way up

There is a “considerable amount of concern that middle-income Americans are not saving enough for their retirement,” says Joseph Cordes of George Washington University. PHILIPPE HUGUEN/AFP/Getty Images

(Markets Edition) Elders are going bankrupt at a much higher rate than they used to, according to a new study from the Consumer Bankruptcy Project. We'll look at some of the factors that may be causing them financial distress. Afterwards, we'll talk to economist Julia Coronado from MacroPolicy Perspectives about how China's currency is faring, and then we'll discuss how the Trump administration might let people factor in inflation when calculating the tax on capital gains. Today's show is sponsored by Indeed (Indeed.com/marketplace), Michigan Economic Development Corporation (planetm.michiganbusiness.org), and Wunder Capital (wundercapital.com). (08/06/2018)

(Markets Edition) Elders are going bankrupt at a much higher rate than they used to, according to a new study from the Consumer Bankruptcy Project. We’ll look at some of the factors that may be causing them financial distress. Afterwards, we’ll talk to economist Julia Coronado from MacroPolicy Perspectives about how China’s currency is faring, and then we’ll discuss how the Trump administration might let people factor in inflation when calculating the tax on capital gains. Today’s show is sponsored by Indeed (Indeed.com/marketplace), Michigan Economic Development Corporation (planetm.michiganbusiness.org), and Wunder Capital (wundercapital.com). (08/06/2018)