MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

The Twitter signal that’s giving investors hope
Tech money makers can’t make up for losers
Facebook, Amazon are the keys to this market

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367585

Markets »

45.38MDow Volume:
Avg Vol: 130.29M
Unchanged
184
Decliners
2172
Advancers
3923
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,011 -4 0.02%
Nasdaq
/quotes/zigman/12633936/realtime 4,314 +45 1.06%
S&P 500
/quotes/zigman/3870025/realtime 1,861 +9 0.48%
GlobalDow
/quotes/zigman/629063/realtime 2,088 +4 0.18%
Gold
/quotes/zigman/33772884/delayed 1,193 -6 0.46%
Oil
/quotes/zigman/2260836/delayed 27.62 -0.32 1.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,669 +36 0.65%
DAX
/quotes/zigman/2380246/delayed 9,027 +148 1.66%
CAC 40
/quotes/zigman/3173214/delayed 4,073 +75 1.88%
FTSE MIB
/quotes/zigman/1482176/delayed 16,675 +762 4.79%
IBEX 35
/quotes/zigman/2759620/delayed 8,145 +217 2.74%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.90%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.58%
Yen
/quotes/zigman/16008150/realtime/sampled 114.07 -1.05 0.91%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.02%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.35 +0.30 0.31%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.28 0.00 0.00%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 +0.00 0.05%
German 10y
/quotes/zigman/15866409/realtime 0.25 +0.01 3.99%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.28%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 1.15%
Gold
/quotes/zigman/33772884/delayed 1,193 -6 0.46%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,986 +27 0.17%
S&P F
/quotes/zigman/43106711/delayed 1,859 +11 0.58%
Silver
/quotes/zigman/32655632/delayed 15 0 1.45%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.62 2.08 2.09%
AAPL /quotes/zigman/68270/composite 95.11 0.12 0.13%
GOOG /quotes/zigman/59527964/composite 688.45 10.34 1.52%
BAC /quotes/zigman/190927/composite 12.15 -0.05 -0.41%
C /quotes/zigman/5065548/composite 37.63 0.12 0.32%
F /quotes/zigman/264304/composite 11.40 0.05 0.41%
T /quotes/zigman/398198/composite 36.36 -0.29 -0.79%
BP /quotes/zigman/247026/composite 28.12 -0.23 -0.81%
GE /quotes/zigman/227468/composite 28.50 0.22 0.78%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/245568/composite DIS-4.84%
  • /quotes/zigman/13139813/composite SCTY-23.97%
  • /quotes/zigman/714403/composite SPY+0.43%
  • /quotes/zigman/3059264/composite DUST+3.83%
  • /quotes/zigman/67451/composite AKAM+23.60%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

SmartMoney Blogs

Encore
A blog about living in and planning for retirement

School Debts May Thwart Retirement Savings

It’s no secret that the baby boomers are falling short of the savings they will need to maintain their standard of living in retirement. What isn’t widely understood, though, is the role that education debt is playing in their financial woes.

That’s one of the highlights of a study the nonprofit National Center for Policy Analysis released last week. Using data from the Bureau of Labor Statistics, the study compares the spending habits of today’s 55- to 64-year-olds with those of the same age group 20 years ago. (It does the same for 45- to 54-year-olds.)

Over the past two decades, the study found, as a share of those groups’ spending on various goods and services, “education expenditures increased the most of any spending category — by 80% for 45- to 54-year-olds and by 22% for 55- to 64-year-olds.” The study also notes that one-third of the nation’s more than $1 trillion in student loan debt is held by individuals over the age of 40, many of whom are helping their children pay for college and repay loans.

Because the cost of a college education has risen faster than income for decades, the study’s authors say, Americans “are going deeper into debt to pay these expenses,” making it harder to save for retirement.

The findings echo a recent SmartMoney.com article titled “For Unpaid College Loans, Feds Dock Social Security.” As AnnaMaria Andriotis reported, the federal government is withholding money from a rapidly growing number of Social Security recipients who have fallen behind on federal student loans.

Among the other findings of the study:

  • “More than half of parents are helping to support their adult children.” Among them, 59% are covering living, transportation, medical and student loan expenses for children who are no longer in school.
  • From 1990 to 2010, the amount 45- to 64-year-olds spent on housing, including taxes, maintenance and insurance, rose by about 25% as a share of expenses.
  • Health care spending rose 30% for the younger group and 21% for the older group.
  • Baby boomers have not increased their spending on “frills, such as entertainment or dining out.” In fact, food purchases, including restaurant spending, fell by about 20% for both groups over the past two decades.
  • Spending on furniture fell by 25% for 55- to 64-year-olds and by one-third for 45- to 54-year-olds. And clothing expenses fell by 42% for the younger group and 70% for the older group.
  • The study also found that “real median income” for 45- to 54-year-olds fell from $67,795 in 1990 (in 2010 dollars) to $62,485. For the older group it rose, from $52,340 in 1990 to $56,575.

 

 

 

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (4 of 4)

View all Comments »
    • Katie, what do you want, free college and diploma and then wipe it clean, how nice of you. Is that what they teach you there, irresponsibility.

    • Very sad how the economy is draining everyone. It’s criminal that student loans cannot be discharged in bankruptcy nor can parents who cosigned get off the loans either. The government could help the auto industry but not the American people. http://www.postbankruptcyshop.com

    • This article is a clear example of why baby boomers are ina world of hurt and what happens when too much debt is taken on. Retirement for most Americans is a pipe dream and unless major reforms take place it will not get any better.

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

The Twitter signal that’s giving investors hope
Tech money makers can’t make up for losers
Facebook, Amazon are the keys to this market

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367585

Markets »

45.39MDow Volume:
Avg Vol: 130.29M
Unchanged
179
Decliners
2169
Advancers
3913
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,011 -4 0.02%
Nasdaq
/quotes/zigman/12633936/realtime 4,314 +45 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,861 +9 0.48%
GlobalDow
/quotes/zigman/629063/realtime 2,088 +4 0.18%
Gold
/quotes/zigman/33772884/delayed 1,193 -5 0.45%
Oil
/quotes/zigman/2260836/delayed 27.63 -0.31 1.11%
FTSE 100
/quotes/zigman/3173262/delayed 5,669 +36 0.65%
DAX
/quotes/zigman/2380246/delayed 9,027 +148 1.66%
CAC 40
/quotes/zigman/3173214/delayed 4,069 +71 1.79%
FTSE MIB
/quotes/zigman/1482176/delayed 16,675 +762 4.79%
IBEX 35
/quotes/zigman/2759620/delayed 8,145 +217 2.74%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.90%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.58%
Yen
/quotes/zigman/16008150/realtime/sampled 114.07 -1.05 0.91%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.02%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.36 +0.30 0.32%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.28 0.00 0.00%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 +0.00 0.05%
German 10y
/quotes/zigman/15866409/realtime 0.25 +0.01 3.99%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.28%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 1.11%
Gold
/quotes/zigman/33772884/delayed 1,193 -5 0.45%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,987 +28 0.18%
S&P F
/quotes/zigman/43106711/delayed 1,859 +11 0.60%
Silver
/quotes/zigman/32655632/delayed 15 0 1.45%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.74 2.20 2.21%
AAPL /quotes/zigman/68270/composite 95.08 0.09 0.09%
GOOG /quotes/zigman/59527964/composite 688.96 10.85 1.60%
BAC /quotes/zigman/190927/composite 12.15 -0.05 -0.38%
C /quotes/zigman/5065548/composite 37.67 0.16 0.43%
F /quotes/zigman/264304/composite 11.39 0.04 0.39%
T /quotes/zigman/398198/composite 36.36 -0.29 -0.79%
BP /quotes/zigman/247026/composite 28.13 -0.22 -0.78%
GE /quotes/zigman/227468/composite 28.49 0.21 0.75%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/245568/composite DIS-4.83%
  • /quotes/zigman/13139813/composite SCTY-24.08%
  • /quotes/zigman/714403/composite SPY+0.43%
  • /quotes/zigman/3059264/composite DUST+3.83%
  • /quotes/zigman/67451/composite AKAM+23.60%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration