The Survive and Thrive Boomer Guide

Be aware of scams if you’re recovering from the effects of Hurricane Dorian

When a natural disaster occurs, scammers are right there, adapting their fraudulent techniques to the latest emergency.

If you suffered damage from Hurricane Dorian, or if you’re looking for ways to help those in need, you can get information at ftc.gov/weatheremergencies. It offers ways to spot the scams that often follow disasters.

After a storm like Hurricane Dorian, scammers often target people who need to get their homes cleaned up or repaired, or find a new place to rent, said by Colleen Tressler, consumer education specialist for the Federal Trade Commission. Scammers may pose as a government official, asking for financial information or money to apply for aid that you can request on your own for free. They often demand that you pay by gift card, prepaid card, or wiring money. That’s always a scam, Tressler said.

CFPB and seven states launch ‘innovation network’ that will approve new risky financial products and protect them from enforcement

Under the Trump administration, the federal agency that’s supposed to protect consumers from Wall Street and financial predators has thought of yet another way to strip consumers of their protections. The Consumer Financial Protection Bureau or CFPB announced Tuesday that, working with seven state regulators, it launched the American Consumer Financial Innovation Network or ACFIN, a network that it said would "enhance coordination among federal and state regulators to facilitate financial innovation."

The CFPB invited all state regulators to join ACFIN, and the attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee, and Utah took the offer.

Consumer advocates criticized the CFPB action because it gives banks, fintech companies, and other corporations no-action letters and approvals that will protect companies from enforcement and determine potentially new risky financial products and services to be in compliance with the law.

Baby boomers focus on change

The leaves are already beginning to change here in the Seattle area, so change and fall are in the air. Fall is definitely just around the corner.

Laurie Stone from Musings, Rants & Scribbles is happy. Yes, spring is lovely and summer’s fun. Even old man winter has his icy grandeur. But nothing compares to fall’s beauty and poignancy. And though this season comes at a price, Stone still loves it for leaves, crisper air, school supplies, the good shows that come back on TV, and candy apples.

Other boomer bloggers are writing about:

Baby boomers get ready for fall

Summer is an amazing thing. I love it every year when it so nicely appears here in the Seattle area. However, shorter days and cooler nights remind us that it’s time to prepare for a new season’s activities and learn something new. 

This week, baby boomer bloggers have some ideas to help jump-start your autumn. 

They’re writing about:

Google-YouTube $170 million settlement for violations of kids’ privacy law too weak, critics say

Google and its subsidiary YouTube agreed to pay a record $170 million Wednesday to settle charges by the Federal Trade Commission and New York Attorney General’s Office that YouTube illegally collected personal information from children without their parents’ consent.

The settlement requires Google and YouTube to pay $136 million to the FTC and $34 million to New York for allegedly violating the Children’s Online Privacy Protection Act Rule. The $136 million penalty is the largest amount the FTC has gotten in a COPPA case since the law was enacted in 1998.

In a lawsuit filed against the companies, the agencies allege that YouTube violated the COPPA Rule by collecting personal information – identifiers that track users across the Internet – from viewers of child-directed channels, without notifying parents and getting their consent. YouTube earned millions of dollars by using the identifiers – cookies – to deliver targeted ads to viewers, according to the lawsuit.

Use caution when donating to victims of Hurricane Dorian

When a natural disaster occurs, scammers appear everywhere quickly to try to get your money.

“The destruction that Hurricane Dorian wreaked across the Bahamas is nothing short of a true humanitarian crisis – entire communities underwater, homes completely destroyed, and lives tragically lost,” said New York Attorney General Letitia James. “We anxiously wait for Dorian to pass through the southeast United States and hope for minimal impact and that communities remain safe.”

James urged people who want to support those who have been impacted to be prudent when assessing what organizations to donate to.

Happy Labor Day

It’s estimated that 25 percent of Americans plan to get out of town for the Labor Day weekend, and that 86 percent of them plan to travel by car. If you’re one of these, be sure to drive carefully. Another estimate is that about 400 people will die in traffic accidents during the holiday weekend, and 45,300 will sustain serious injuries.

The top travel destinations are New York, Las Vegas, Los Angeles, Orlando, and Chicago.

I wish I’d be at a cookout like the 40.6 percent of Americans who plan to barbecue over Labor Day.

A lot of people will probably be working on the holiday weekend because the largest category in the workforce is retail with 4,450,000 salespeople and second is food preparation and service workers with 3,680,000. Third is cashiers with 3,640,000 workers.

What are baby boomers doing these days?

Baby boomers are living much longer than their great-grandparents or even their grandparents. The average 65-year-old American today can expect to survive well past 80. So the question is: are boomers using the additional time constructively?

That’s one of the topics our boomer blogging group is writing about this week. Other topics include:

• House sharing when you’re single.
• Ways to make a transition work for you.
• A mother’s sayings make warm memories after she’s gone.
• A rightsized way to travel.
• The joy in finding a lost car key.
• The arguments couples have over and over.
• How to reduce the amount of plastic you eat.
• What you need to set your air conditioner at in the summer.

Tom Sightings of Sightings Over Sixty writes about these articles on the Best of Boomer Blogs #611. Click here to get the links to the blog posts. And be sure to leave a comment on the articles you like or find thought provoking. Boomer bloggers love to hear from readers.

Copyright 2019, Rita R. Robison, Consumer and Personal Finance Journalist

Facts and figures for Labor Day 2019

Source: WalletHub

Copyright 2019, Rita R. Robison, Consumer and Personal Finance Journalist

What to look for in Labor Day 2019 sales

With summer coming to an end and the back-to-school shopping keeping people busy, it’s helpful to have information about Labor Day sales so you can get the best deals possible. During the Labor Day sales, you'll find lots of bargains. Look for reduced prices on clothing, appliances, computers, phones, electronics, and furniture.

WalletHub, a personal-finance website, has analyzed the Labor Day sales this year and offers information on the top deals:

Best labor day deals and sales

Dishwashers are the best items to buy in September, compared to the rest of the year.
 

2019’s 10 best Labor Day deals

1. Invicta Women's Watch – 50 percent off	6. Sealy Queen Mattress – 63.09 percent off
2. Kenmore Washer – 46.15 percent off	7. HP OfficeJet Printer – 33.34 percent off
3. Abbyson Giorgio Sofa Set – 50 percent off	8. Samsung Refrigerator – 33.34 percent off
4. Nikon D3500 DSLR Camera - 41.22 percent off	9. NordicTrack Elite Elliptical – 59.38 percent off
5. Women's Laguna Bike – 33.33 percent off	10. Samsung 65" Smart TV – 31.25 percent off

See WalletHub's report the “Best Labor Day Deals & Sales” for more information. The report has a listing of the amount of discounts dozens of stores are offering on clothing, appliances, computers and phones, electronics, packaged goods, furniture, toys, and other categories.

Copyright 2019, Rita R. Robison, Consumer and Personal Finance Journalist