July 20, 2011 5:27 pm
Our culture may be obsessed with youth, but research indicates that Americans are actually happier after 50. Commissioned by OurTime.com, the largest online dating community catering to singles over 50, a survey released recently indicates that 82 percent of people age 50 and older say they are happier with their lives now than they were when they were younger. 72 percent are more optimistic about their future happiness. Conducted online by Harris Interactive on behalf on OurTime.com in June 2011, the nationwide survey of 1,064 U.S. adults aged 50 and older also revealed that 85 percent of these adults consider companionship more important than it used to be when they were younger.
To look deeper into factors driving this group's brighter outlook, in a separate study, OurTime.com surveyed a segment of the one million singles that comprise its membership and found that 93 percent agree that having a romantic relationship is an important component of their overall happiness.
"The main reason people 50-plus are happier now is that they are more confident in themselves and about what they want from life," says Dr. Gail Saltz, OurTime.com's Relationship Expert. "Priorities shift in this stage of life and relationships become more and more important to one's happiness."
Today, there is someone turning 50 every seven seconds. In fact, the 50-plus demographic is the fastest growing demographic in the country. The 78 million Baby Boomers now represent 28 percent of the U.S. population. According to 2010 U.S. Census data, almost 30 percent of Boomers are single.
This large group of singles is actively seeking companionship online. Over the last year, the number of dating-site users 50 years of age or older has grown twice as rapidly as any other age group. The OurTime.com community has experienced astonishing membership growth of more than 400 percent in just two years.
"As these surveys illustrate, most people in this stage of life are no longer so stressed about getting ahead in their careers, and their kids are already out of the house," says Dr. Saltz. "This allows them to focus on companionship and sharing this fulfilling time with someone they love."
The survey of those 50 and older also found that, compared to when they were younger, these adults have changed their views in the following ways:
• 85 percent agree that companionship is more important now.
• 79 percent are more confident in what they want out of life.
• 87 percent are more confident in their intelligence.
• 82 percent are more confident when meeting new people.
• 91 percent are more confident as a judge of character.
• 52 percent are less focused on "getting ahead" in their career; another 29 percent said the career question was not applicable to them.
OurTime.com members also weighed in as follows:
• 89 percent are at a point in their lives where they feel fulfilled and are looking for someone to share their lives with.
• 95 percent are more focused on compatibility, and finding someone who makes them happy, than they were when they were younger.
• 89 percent say they have a better idea of the type of person who will make them happy.
• 80 percent have children over the age of 25; 81 percent do not have children who live at home.
For more information, visit http://www.ourtime.com.
July 19, 2011 4:55 pm
Q: Which is better, a 15-year or 30-year loan?
A: The 15-year mortgage offers you a chance to save thousands of dollars over the life of the loan. This is because the interest rate is typically lower and amortization is half that of the 30-year loan, which means that the total interest paid on the 15-year note, as compared to a 30-year note, is significantly less because of the shorter borrowing period.
Put another way, a 15-year loan accrues principal much more quickly than a 30-year loan, so you get to own your house in half the time.
However, because you are building equity faster and paying down the loan sooner, a 15-year mortgage requires higher monthly payments.
Get a lender to help you calculate the overall savings of the 15-year loan versus the 30-year mortgage. In the end, though, base your decision on your circumstances and overall financial plan, such as whether you are nearing retirement age and also will have to shell out college expenses for children, in which case a 15-year loan may not be for you. Remember that your spending habits, budget, and financial goals should all be considered before making a final decision.
July 19, 2011 4:55 pm
Condominium. Type of housing where buyers own their units outright, plus an undivided share, or joint ownership, in the common elements of the building or community.
July 19, 2011 4:55 pm
The U.S. Food and Drug Administration announced recently that it has approved the influenza vaccine formulation for the 2011-2012 vaccine that will be used by the six manufacturers licensed to produce and distribute influenza vaccine for the United States.
Vaccination remains the cornerstone of preventing influenza, a contagious respiratory disease caused by influenza virus strains. The vaccine formulation protects against the three virus strains that surveillance indicates will be most common during the upcoming season and includes the same virus strains used for the 2010-2011 influenza season.
Between 5 percent and 20 percent of the U.S. population develops influenza each year, leading to more than 200,000 hospitalizations from related complications, according to the U.S. Centers for Disease Control and Prevention (CDC). Influenza-related deaths vary yearly, ranging from a low of about 3,000 to a high of 49,000 people.
"Vaccines to prevent seasonal influenza have a long and successful track record of safety and effectiveness in the United States," says Karen Midthun, M.D., director of FDA's Center for Biologics Evaluation and Research. "It is important to get vaccinated every year, even if the strains in the vaccine do not change, because the protection received the previous year will diminish over time and may be too low to provide protection into the next year."
In addition to the important role that health care providers play in recommending influenza vaccination for their patients, influenza vaccination of health care personnel is also important to protect themselves, their patients, their family, and the community from influenza. The FDA urges health care organizations to encourage their members to follow CDC's Advisory Committee on Immunization Practices (ACIP) recommendations to get vaccinated.
For more information please visit www.flu.gov.
July 19, 2011 4:55 pm
It's tough to keep your cool when the inside of your car is full of hot air from a malfunctioning air conditioning (A/C) system. According to the Car Care Council, an annual checkup of your vehicle's A/C system will help prevent it from breaking down when you need it most, especially as sky-high temperatures are hitting many parts of the country.
"Getting stuck in traffic is hard enough but getting stuck in traffic during the heat of summer without properly functioning A/C is the pits," says Rich White, executive director, Car Care Council. "It is important to always have the A/C system properly maintained to keep it in tip-top shape and avoid costly repairs down the road."
A vehicle's heating, ventilating and air conditioning system (HVAC) keeps the interior cabin comfortable in any season by providing the right temperature and humidity level. Typical A/C service consists of the following steps:
• A service technician checks pressures to test operation, refrigerant charge and outlet temperatures.
• If the system is found to be low on refrigerant, a leak test is performed to find the source of the leak. Keep in mind that if your vehicle is leaking refrigerant, it is damaging the ozone layer.
• Refrigerant may be added if necessary to "top off" the system, although some states do not allow "topping off."
• A technician may also check for evidence of refrigerant cross-contamination, which is the mixing of refrigerants.
• A/C service should also include a check of the compressor's drive belt and tension.
"Checking the A/C once a year is key to making sure your cooling system is running efficiently all year long," White says. "A properly running HVAC system will help improve your gas mileage, is more environmentally friendly and will keep you from losing your cool on the road."
The Car Care Council is the source of information for the "Be Car Care Aware" consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For a copy of the council's Car Care Guide or for more information, visit www.carcare.org.
July 19, 2011 4:55 pm
At a time when it seems that prices are soaring everywhere we look, it is no wonder that cost conscious homemakers are now saying, "Ouch!" at the cost of some popular household cleaning products.
But there are proven home remedies that will do many of the same cleaning jobs-and often for pennies on the dollar. Here are some of the top picks:
Keep chrome fixtures clean and shiny by wiping them down with new or used fabric softener sheets. For stubborn water spots, try rubbing alcohol on a paper towel.
To remove tough stains from the inside of a vase, fill the vase with warm water and drop in two Alka Seltzer tablets.
For a fog-free mirror after you shower, wipe it down a couple of times a week with a few drops of aftershave on a paper towel.
Fill in unsightly nail holes with plain white toothpaste; smooth with a damp sponge.
Make an effective all-purpose cleaner for countertops and appliances by filling a spray bottle with one third pine cleaner, one third ammonia and one third water.
Prolong the life of fresh flowers by filling the vase with a quart of warm water, two tablespoons vinegar and three tablespoons sugar.
Sharpen scissors by cutting 10 times through three layers of foil or by cutting a piece of fine sandpaper into small pieces.
Try polishing the silver with toothpaste; just rub on and wipe off.
Remove small scratches on polished wood furniture by rubbing them with a shelled walnut.
Smelly shoes? Put a few tea leaves into nylon stockings and stuff one stocking into each shoe. Leave it there for a couple of days until the smell vanishes.
To keep lint and dust off glass tabletops longer, clean them with a solution of one tablespoon of fabric softener and a quart of warm water. (Also works well for computer screens and TV screens.)
July 19, 2011 4:55 pm
Whether you are an owner or a renter, if you are planning to occupy a summer rental or vacation home, you want it to look and smell fresh and clean the first time you open the door. So here are some ideas from the folks at HousingInfo.com on how to prepare your vacation property for yourself, or any seasonal renters or other family members.
When tackling the cleaning project make a cleaning checklist by area: bedrooms, living room, kitchen, etc. Then record the specific duties you’ll want to complete in each room every time a renter vacates your vacation rental. Here’s an example:
For the living area:
Sweep or vacuum floors, then mop or scrub them
Dust window sills and ledges
Dust all furniture, window dressings, picture frames, ceiling fans, and lamps.
Vacuum furniture, including under seat cushions
Check sofa bed and remove any used linens
Provide clean linens for the sofa bed
Wash all windows and glass doors
Empty and clean wastebaskets
For the bedrooms:
Change sheets and pillowcases after checking for wear and tear or stains
Vacuum floor and under beds
Check for personal belongings left in drawers and closets
Wash blankets and comforters after every 10 rentals
Dust furniture and clean mirrors
Check windows for fingerprints
Check for dead light bulbs
Bathroom cleaning tips:
Clean and sanitize toilets
Clean, scrub and sanitize all surfaces, including showers, bathtubs, vanity, and sinks
Wash floors and tile walls
Stock clean linens
Replenish liquid hand soap
Kitchen cleaning tips:
Wash floor and clean, scrub, and sanitize sinks, countertops, and backsplashes
Clean appliances, counters, cabinets, table, and chairs
Clean range top and wipe out inside of oven
Clean inside and outside of refrigerator and microwave oven
Empty dishwasher, and quickly organize cupboards
Refill dishwashing detergent, liquid dish soap, coffee filters, and trash bags
Put out clean dishtowels, and a new sponge
Cleaning tips for miscellaneous areas like a kitchen nook, library, laundry room, garage, outdoor areas, and any balcony spaces. Make sure you do the following in these spaces:
Check all light bulbs and change those that have burnt out
Change your furnace filter once a month
Ensure washer and dryer are empty and clean out dryer lint trap
Wipe off patio set, clean barbeque grill
Using this guide will ensure your rental or vacation property is welcoming and clean—whether it is you or a rental client who will be occupying the space this summer or fall.
July 18, 2011 4:25 pm
Q: How long do bankruptcies and foreclosure stay on a credit report?
A: They can remain on your credit record for seven to 10 years.
However, a borrower who has worked hard to reestablish good credit may be shown some leniency by the lender. And the circumstances surrounding the bankruptcy may also influence a lender's decision. For example, if you went bankrupt because you were laid off from your job, the lender may be more sympathetic. If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, it is unlikely the lender will readily give you a break.
July 18, 2011 4:25 pm
Competitive market analysis. A method of determining home value that looks at recent home sales, homes presently on the market, and homes that were listed but did not sell.
July 18, 2011 4:25 pm
The infographic, titled “Just How Much Do We Need Our Credit Cards?” shows that American credit card debt is expected to rise to $1.177 trillion this year. The colorful diagram also breaks down other details of the American credit card industry, including who uses credit cards, how many cards the average American carries, credit card usage growth and the types of cards preferred by Americans.
First introduced in 1950 by Frank X McNamara, credit cards have quickly become ingrained into American culture. And, despite the recent popularity of extreme couponing and budgeting books, websites and television shows, Americans continue to rely on credit cards in their daily lives.
Who uses credit cards
• Young Americans are gravitating toward credit cards, with 21 being the average age that an American under the age of 35 first received a credit card; and 8 in 10 college students having at least one student credit card.
• When evaluating race, it was found that Asians are most likely to carry a credit card (87.4% have at least one) and Blacks are least likely to carry a credit card (56.7% have at least one).
How many credit cards
• Households, on average have more than one credit card, with the breakdowns varying slightly by race (1.5 in Black households, 2.1 in Hispanic households, 2.3 in White households and 2.8 in Asian households)
• A shocking 1 in 7 Americans have more than 10 credit cards
A decade of growth
• The number of Americans with one or more credit cards has grown by 13.84% over the past decade (181 million Americans in 2010 versus 159 million in 2000)
• While there has been a slight decrease in credit card debt in recent years, it’s still 27.35% more than in 2000 ($866 billion in 2010 versus $680 billion in 2000)
What card is king
• Americans prefer Visa, with more than 104 million people carrying a credit card that features the Visa logo
• Master Card, Discover and American Express are the three other highest ranking brands, at 83 million, 42 million and 36 million respectively
• Store brand cards and gas credit cards also rank high on the list, with 99 million and 56 million
Americans carrying these types of cards
The CreditDonkey infographic reveals the need for increased credit education, as expressed by 84% of undergraduates who say they need more personal finance education.
“Credit cards are powerful tools to increase your purchasing power,” says Charles Tran, founder of CreditDonkey. “They also carry security features that can make them safer to use than a check or cash. However, cardholders can easily fall into a pattern of overspending each month, putting them at risk of carrying more debt than they can pay off. That’s why at CreditDonkey, we place a high value on credit education and responsible credit card usage.”
For more information, go to http://www.creditdonkey.com/
View the complete infographic here http://www.creditdonkey.com/need-credit-card.html.