MEMBER CENTER: Create Account | Log In
SITE SEARCH WEB SEARCH BY Google   

Elder Boom

One of the freight trains bearing down on the future USA is the elder boom.  The baby boom generation will soon be in need of a lot more senior care than the country is set-up to deliver… or pay for.  Wisconsin came up with Family Care back in 2000, and the people who I’ve talked to who work with it say it’s a model for the nation.  It takes the state and federal (Medicare) money that was being used to pay for almost exclusively nursing home care and puts it in a pool from which people get support based on what they need.  Often, it’s a lot less than an expensive nursing home.  We have a special report coming up Sunday night (11/8) at 10 p.m. on the challenges the system will face and what people can do as they are put in positions of having to find long term care for themselves or a loved one.  One good, easy to use tool is Medicare’s online rating site.  Click here, put in the information that applies to you, and find out which nursing homes in your area are up to federal and state standards.

Posted under Uncategorized

This post was written by gjeschke on November 5, 2009
No Comments

Project Money: coaching

As Project Money hits the half-way point, we’ve noticed one common thread: appreciation for the coaching provided to each team.  It’s one thing to realize/know you have to change how you handle money.  It’s another thing to take action and begin to make changes.  And it’s yet another to stick to those changes, even when the going gets tough.  That’s where the financial experts have been invaluable to the four teams.

Click here to watch our latest installment as we begin to meet the coaches.

Posted under Uncategorized

This post was written by gjeschke on October 30, 2009
No Comments

Open enrollment & health plans

It’s open enrollment season; that time of year when employers give workers the chance to change existing benefits or sign-up for new plans.  Don’t be surprised to see your health insurance premiums go up.  You might also ask about plans that encourage preventative care.  Here’s an article about how some businesses are making lower-cost, higher-involvement plans available.

Posted under Uncategorized

This post was written by gjeschke on October 23, 2009
No Comments

Project Money, Part 9

We’ve met the teams, this time, we meet the head of Summit Credit Union, sponsors of Project Money.  I sat down with Kim Sponem in her Madison office recently.  She told me more than 200 families applied to be one of the four teams to compete for $10,000.  Because of that, there’s a lot of emphasis on making the Project Money resources available to everyone.  To that extent, here’s the link to the “play at home” feature on the website.  Plus, you can click here to watch more of our interview with Kim.

Posted under Uncategorized

This post was written by gjeschke on October 15, 2009
No Comments

Poverty breakdown

The Wisconsin Council on Children and Families came out with a good breakdown on the latest poverty report from the U-S Census Bureau.  I’ve pasted it below, including charts, for your convenience:

New Census Data Show Families Continuing to Struggle

Coordinated Approach Needed to Reverse Trend and Address Impact of Recession

 

Madison – Wisconsin’s 2008 poverty rate remained considerably higher than it was in 2000, and showed only slight improvement over 2007, according to data released today by the US Census Bureau. This is consistent with census data on household income; the typical Wisconsin working family’s income, when adjusted for inflation, has declined significantly since the beginning of the decade.

 

Newly released data from the Census Bureau’s American Community Survey (ACS) show that Wisconsin’s overall poverty rate declined slightly from 10.8% in 2007 to 10.4% in 2007. The child poverty rate dropped from 14.4% in 2007 to 13.3% in 2008. However, these figures do not capture the bulk of the impact of the recession, as evidenced by dramatic 2009 increases in eligibility for a wide range of support services in Wisconsin, including FoodShare and free and reduced school lunch, as well as the number of families enrolled in BadgerCare Plus with incomes below the poverty line.

 

Overall, about 569,000 Wisconsin residents (including 172,000 children) lived in poverty in 2008. Wisconsin’s overall and child poverty rates remain substantially better than the national rates, but by less of a margin than in 2000 and earlier. Nationally, the 2008 overall poverty rate was 13.2%, and the child poverty rate was 18.2 percent; both are similar to the previous year’s figures. The federal poverty level for a family of four in 2008 was $21,200.

 

“It’s always encouraging to see poverty numbers improve, but the evidence is overwhelming that we’ve lost all of that ground and more since this data was collected,” said Jim Moeser, acting executive director of the Wisconsin Council on Children and Families (WCCF). “Agencies in the business of helping struggling families are swamped beyond anything they’ve experienced in decades.”

 

Examples of the recent dramatic increase in need include:

 

  • The number of people in the state enrolled in FoodShare (which is capped at 130% of the poverty level) increased by 26% (more than 127,000) in the first 8 months of 2009 (compared to December 2008). 
  • The number of children and parents enrolled in BadgerCare Plus who are below the poverty level increased by more than 58,000, or 18%, over the first eight months of 2009.
  • The number of Wisconsin elementary school students receiving free and reduced school lunch increased by 5,794 between the 2007-08 and 2008-09 school years. 

WCCF, in partnership with the Wisconsin Community Action Program Association and the Wisconsin Head Start Association, has launched a campaign to end child poverty in the state. The campaign, called Vision 2020 (www.2020wi.org), focuses on concrete solutions grounded in public policy. Vision 2020 addresses poverty on four key fronts: family-supporting jobs; access to high-quality early care and education; health care; and safe and affordable housing. Nearly 1,200 individuals and organizations have signed on to the campaign to date.

 

 “The Census Bureau data and other indicators make it clear that we need a coordinated, strategic plan to tackle child poverty in Wisconsin,” Moeser said. “The Vision 2020 campaign is a way for public officials, citizens and organizations to get involved in a tangible, focused way. Poverty need not be something we just accept as inevitable. We can address these issues, and Vision 2020 provides a roadmap for doing so.”

 

Complete US Census Data is available at www.census.gov. For more information about Vision 2020, visit www.2020wi.org.

Posted under Uncategorized

This post was written by gjeschke on September 29, 2009
No Comments

Credit history sans credit cards

If you don’t have a home, chances are much of your credit history is based on your record with credit cards.  But, as more of us try to live within our means, “putting it on plastic” is becoming less common.  Click here for some good ideas on how to build a good credit record without credit cards.

Posted under Uncategorized

This post was written by gjeschke on September 28, 2009
No Comments

Small cars worth the $$$

Even if you missed out on the Cash for Clunkers program (like I did!), you may still be smart to make your next car a smaller, more fuel-efficient model.  If you’re in the market know, check out this list of the top small rides for the lowest cost.

Posted under Uncategorized

This post was written by gjeschke on September 28, 2009
No Comments

Translating FedSpeak

The Federal Reserve Board announced this week that it’s keeping interest rates steady for a seventh consecutive month.  But what does that mean to you?  And what did the Fed really mean in its last economic assessment?  Click here for a translation.

Posted under Uncategorized

This post was written by gjeschke on September 24, 2009
No Comments

Mortgage programs to keep your house

Uncle Sam has $75 billion waiting to help people keep their homes.  Click here to watch our recent report and to access links to those programs.

Posted under Uncategorized

This post was written by gjeschke on September 24, 2009
No Comments

Credit cards: use ‘em or lose ‘em

Credit card companies are paying back customers who don’t use their card by cutting off their credit.  Click here to read how that can hurt your credit score.

Posted under Uncategorized

This post was written by gjeschke on September 23, 2009
No Comments