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Carrick on money: Stop blaming boomers for their retirement woes

Tips for helping your parent get out of a financially catastrophic dating situation – and when to back off and let them spend their money.

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop blaming boomers for their retirement woes
A blogger disputes the often-heard narrative that baby boomers lack the money they need to retire with financial security because they're better spenders than savers. She argues that there are other factors at work, including corporate downsizing and the shift away from defined benefit pension plans.

And now for the opposite view – blame boomers for wasting money on cars and houses and not saving enough.

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The $124,421 man
All about how a young American named Chad Matlin incurred $124,421 in student debt, and then paid it off over six (long) years.

Gap year
How to avoid racking up huge student debts – take a gap year between high school and university or college.

About your insurance needs…
Six questions to ask when you're choosing an insurance adviser.

More money
Join the 45,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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