It's college touring season, and many parents are on the road with their teenagers, driving from school to school and thinking about the college application — and financial aid — process that looms ahead.
Many baby boomers have already been through this stage with their kids, but because the generation spans about 20 years, others still have kids at home. So how should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt?
Let us now ponder the exquisite status of Tiger Woods, who has clawed back to the top of the charts thereby to proclaim, with the help of his Nike mouthpiece, that his ragged and raw past few years never really happened because — ta-da –– as his ad says: "Winning takes care of everything."
And yes, indeed, he is No. 1 in the rankings again. And, too, he has a beautiful new girlfriend, although, of course, I will not mention her name here, so as not to be a member of what he calls the "stalkerazzi."
When President Obama on Wednesday unveils his blueprint for the government's 2014 budget, he'll offer lots of ideas for changes in taxes and spending.
But the proposal likely to grab the most attention will be the one dealing with cost-of-living adjustments for Social Security recipients. Many economists would applaud a change in the way Social Security officials measure inflation, but many older Americans may hiss, fearing a new formula will cut their benefits.