Tag: baby boomers
Fran and Bob Ciaccia Bob and Fran Ciaccia could not be happier with their reverse mortgage, which unlocked some of the equity in the house they purchased in 1966 for $12,500. Reverse mortgages are federally insured loans available to U.S. homeowners over age 62. The loan is made against the equity in the house, and…
One segment of the U.S. labor force sheds light on the continuing struggle to find work: part-time employees who want a full-time job but can’t find one. The U.S. unemployment rate has drifted down during the economic recovery. But the number of people the Department of Labor calls “involuntary part-time” roughly doubled during the recession…
