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SAN DIEGO (KGTV) -- The cost of housing in California isn’t just affecting first-time home buyers, it’s also taking a toll on retirees, according to a report from Global Atlantic Financial Group. The research, based on data from more than 4,000 people nationwide, found that retirees in California spend nearly ,575 a month: 30 percent more than the average retiree in the U.S. at ,008.Housing costs that build up during working years also take a toll. Nearly half of California’s non-retired residents ages 40 and up owe an average of 4,876 on their mortgages, compared to the national average of 4,770. Global Atlantic claims that sky-high housing expenses force California residents to make sacrifices during retirement, including cutbacks on restaurants and entertainment, travel and vacations and charitable giving. Almost 40 percent of retirees nationwide are spending more than they expected."Many Americans adjust their lifestyles and cut spending once they see how quickly costs can add up in retirement," says Paula Nelson of Global Atlantic. She says it's an important lesson for those currently in the workforce to understand. "While older retirees are collecting income from employer-sponsored retirement plans, such as pensions, younger and future retirees may not receive the same benefits. Not only have pensions gradually become less common, but the data shows that younger retirees are also less likely to have much saved in other defined contribution plans, like 401(k)s," says Nelson.More than half of retirees wish they'd handled their financial planning differently, according to analysts. The top three regrets include not saving enough, relying too much on Social Security, and not paying down debt before retiring. 1758
SAN DIEGO (KGTV) — The County Clerk Office plans to hold more than 100 wedding ceremonies Friday, as couples crowd the offices to make their Valentine's Day a memorable one.Staff plan to issue marriage licenses and perform ceremonies throughout the weekend, with more than 100 on the most romantic day of the year alone.“We are excited to offer walk-in services at our historic downtown office on the waterfront for Valentine’s Day and don’t want couples to miss their chance at Valentine’s Day wedding,” said San Diego County Clerk Ernie Dronenburg.RELATED:San Diego dog groomer to set people kissing dogs world recordSeven couples to tie the knot at Imperial Beach Soapy Joe'sSDG&E: Keep Valentine's Day Mylar balloons away from power linesCeremonies are available on a walk-in basis at the downtown clerk's office only, but couples are strongly encouraged to schedule a time. Appointments are required at the county's Chula Vista, San Marcos, and Santee locations.The downtown offices will be open 8 a.m. to 5 p.m. for the marriage license and ceremonies. Wedding ceremonies can be done at the office's Waterfront Park or inside one of the County Administration building's ceremony rooms. 1199

SAN DIEGO (KGTV) - The California State University Chancellor said Friday the schools will not increase tuition for the 2018-2019 academic year, and demanded the state fund the system's critical needs.CSU Chancellor Timothy P. White said it was in the state’s best interest to fund the university’s critical needs supporting student access, achievement, and degree completion.“In light of California’s strong economy, California’s students and their families should not be saddled with additional financial burden to attain public higher education,” said White. “We will continue to make the case to lawmakers, who represent all Californians, that an educated citizenry should be at the top of the state’s highest priorities.”Last year, nearly 100,000 CSU students earned bachelor’s degrees and 20,000 earned graduate degrees.In November, the CSU budget request sought an increase of 3 million. The system considers its most pressing needs to be enrollment growth, a graduation initiative, increases for employee compensation, healthcare and retirement costs, facility operations and infrastructure requirements.Governor Brown’s budget proposal included an increase of .1 million.10News reached out to the CSU chancellor to find out how officials planned to compensate for the funding gap. A spokesman said it has made a case for more funding and will continue to do so, until the state budget is finalized in late June. Any financial decisions for the university system dealing with a potential funding shortage would happen in spring 2019.The Governor's Budget Spokesperson, H.D. Palmer, released a statement about the funding situation. 1658
SAN DIEGO (KGTV) — The escalation in Iran is stirring up terrifying memories for the family of a San Diego man, held there for more than a year during one of the most intense hostage standoffs in history."I was trying to get information. All I had heard from the State Department was that the embassy had been overrun," said Dotty Morefield, whose husband, Richard, was one of 52 people taken hostage in Iran in November 1979. "I picked up the phone and thought if anyone was going to know it would be the news agency, and Brad picked up."It's been more than 40 years since Morefield picked up the phone and called 10News for the first time. 10News assignment editor Brad McLellan picked up the phone."Mrs. Morefield told me her husband had just been taken hostage in Iran and I was shocked. I didn't know what to say," McLellan recalls. "I kept looking up information for her as it came over the wire service and would always call her."RELATED: Pentagon: Iranian missiles attack 2 Iraqi airbases that house US troopsMorefield's husband was a high-ranking diplomat at the time when Iranian students protesting outside the U.S. Embassy in Tehran took over. For more than 400 days after that, it became her mission to keep her husband's name relevant."It's a kind of fear where you can't function, you're just sitting by the phone waiting," Morefield said. "I have to face the fears. The uncertainties and the worries. It kept me very busy and it kept me informed."Day in and day out, Morefield made sure the hostages were kept in the spotlight. Finally after 444 days, the hostages were released."I was just I was beyond excited," Morefield said. And here, Morefield and her kids — and a sea of supporters — celebrated her husband's return."He was stunned," Morefield said. "There were people from Lindbergh Field to the townhouse I was renting in Tierrasanta. There were people the whole way, waving to us and they were so happy to see him."RELATED: San Diego military bases tighten security amid rising tensions with IranBut for 30 years after his release, until his death in 2010, Morefield's husband never fully recovered."He never slept through a night. Never," Morefield said. "He would wake up afraid, startled. He hated to have a door shut."Morefield now lives in North Carolina. Her lawyer says each hostage was promised .4 million, or 0,000 for a spouse or child, but to this day they're still waiting. He said so far the hostages have only been awarded about 16 percent of the amount they were promised."I don't understand the hold up," Morefield says. 2577
SAN DIEGO (KGTV) -- The cost of living in San Diego has become more burdensome over the last year, according to a new report from the Bureau of Labor Statistics. The bureau says that while prices fell 0.3 percent between May and July of this year, prices for consumer goods have risen 1.4 percent over the last 12 months. The cost of housing is up more than three percent since this time last year while food prices rose by a little more than one percent. Nationally, prices for consumer goods are up nearly 2 percent year-over-year. Also year-over-year, the price for fuel and utilities has risen by more than 6 percent, according to the bureau. 656
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