Funeral services are expensive. In 2019, the median funeral cost was $7,640—$5,150 for a funeral with cremation—according to the National Funeral Directors Association.
The Consumer Product Safety Commission (CPSC) has jurisdiction over more than 10,000 types of consumer products. Mandatory standards govern only a small number of products.
For many older adults, travel is important as a way to encounter new experiences, visit with friends and family, and obtain necessary medical care.
One indicator of smart fiscal practices is maintaining balance between spending and revenues. Occasionally deficits may be necessary.
At the federal level, there are two categories of budgetary expenditures: entitlement and discretionary spending.
Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.
Poverty is defined by comparing household income with the minimum income required for basic needs. People whose income is below the threshold are considered poor.
Policymakers can take action to stimulate the economy.
Federal and state programs help many older people with low incomes. These programs provide access to vital services like income support and health care.
Federal, state, and local consumer protection agencies all have a role in safeguarding consumers against fraud, deception, and unfair practices.