Love and money, young insure, & more
When it comes to love, money can be a relationship killer.
A survey by PayPal found that 43 percent of couples in the United States said the stress of the recession had caused them to argue more, mainly about finances.
The online payment service said money is the number one source of couples’ arguments, with sex finishing as a distant second. Its international survey found that 10 percent of couples worldwide said they had ended a relationship over money, and that more couples hid purchases from partners in 2008.
Long term buyers
When long term care insurance is offered by an employer, younger buyers are interested, says the American Association of Long-Term Care Insurance.
The insurance provides benefits for those who are in a nursing home or need nursing care at home.
One third of group insurance buyers are ages 35 to 44, while only 5 percent of private purchases are in that age group, the association said.
Financial illiteracy
Even with financial news on the front page during a recession, Americans remain financially illiterate, says the Center for Economic and Entrepreneurial Literacy.
Its survey found that two-thirds of Americans cannot calculate 25 percent of 8 and a third did not know what 1 percent of 50,000 amounts to. A third said they had no notion how to eliminate their credit card debt.