For the average American household, the debt to income ratio is dire. Small wonder then that an almost national desire to become debt-free has presented itself as something of a boon for fraudsters and financial scammers. No one is exempt from money swindlers but worryingly, seniors are often the main targets. More than one in three elderly people over 85 experience some degree of dementia, making this age group particularly attractive to scammers.
About the Author: Salah Stevens is a licensed attorney focusing on cryptocurrencies and the blockchain technology. As a fan of innovation, Stevens is a fierce proponent of the changes that are happening with Bitcoin, Etherium, and Litecoin, believing strongly in the worldwide improvements that the blockchain technology can bring. For more: http://salehstevens.com
A Great Time to be Alive
If someone were to go back to the 1900s when things like smartphones, computers, and artificial intelligence were incomprehensible technologies, they would witness a completely different way of life. After all, functioning elevators were once considered to be advanced. Now, people find even advanced products like drones on their way to becoming an everyday item. Improvements are being made daily and life-changing innovations occur more rapidly.
What are some of the ways that technology might alter our lives in another twenty years?
By freelance writer/contributor Lucy Wyndham
Americans continue to live beyond their means. The average household has about $137,063 in debt. An estimated $16,883 of that is attributed to credit card debts. However, the median income per household in America stands at just above $59,000. With the cost of living rising faster than the incomes, we face increasing choices in how we spend our money. Being financially savvy is becoming much more important. Just as we should design a life plan and individual goals, this has never been truer when it comes to finances. Here are some great effective hacks to get you started.