Money Mondays
Today Mellody is talking about financial information, and how to protect it. Mellody: With numerous headlines over the past few years about data breaches at major companies such as Target, or even at the U.S. government, it is understandable that most Americans are concerned their financial information being compromised or exposed. And it is great that […]
Mellody Hobson covers the importance having an emergency fund. Mellody: It may seem like it is simply common sense to save up some money for a rainy day, but the truth is a huge number of people are not doing it, leaving them unprepared financially. According to an annual survey by Bankrate.com, 29 percent of Americans don’t […]
Mellody: Last week, we learned the FCC will fine AT&T $100 million for capping it’s data usage of subscribers who were signed up for unlimited data plans without appropriately notifying users that it was doing so. This practice – known as throttling – and the lack of notification by companies, had come under scrutiny before. In […]
Tom: Good morning Mellody! What are we covering today? Mellody: Good morning. Today we are talking about credit card debt, Tom. Over the past 6 years, in the wake of the great recession, many Americans made progress paying down credit cards and reining in irresponsible spending. But a recent study suggests we may be reverting […]
Tom: You join us this morning with some news about auto loans. Mellody: I do have news, Tom, but it is worrying news. A new report out from Experian tells us that the average term of auto loans – both for new and used car sales – are getting stretched to record lengths. On […]
Tom: This morning we are discussing the state of small businesses and women-and minority-owned businesses in particular. Mellody: That’s right, Tom. Small businesses are the engine of the American economy, and they employ over half of all American workers. But America’s entrepreneurs – the individuals who start these businesses – are still trying to […]
The best financial gift for college graduates is not necessarily money, says Deborah Owens, ‘The Wealth Coach. “I want to encourage parents to begin to pay it forward financially and you can do that by gifting stock. It doesn’t have to be difficult. Do it by investing in companies you buy everyday. Everybody’s on their […]
Tom: You are joining us this morning with some advice for job seekers. Mellody: I am! We are seeing fresh signs that the job market continues to get better. Americans have enough confidence in the employment outlook they are willing to leave their current jobs and move to new positions, which is great news! […]
Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Tom: This Money Monday you have an interesting topic for us: credit invisibility. Mellody: That’s right, Tom. […]
Tom: You are joining us this morning with some news on wages. Mellody: I am, Tom. Last week, the labor department released the official numbers on wages and salary information from the first quarter of 2015, and it looks like things might be looking up. Wages and salaries rose at a faster pace in […]
Tom: Good morning, Mellody. You have a very important topic for us this morning – payday loans. Mellody: It is a very important subject, Tom. Making sure that we talk about payday loans and other predatory lending schemes is crucial, because they are built to prey upon the most vulnerable individuals in a community. […]
SKIP MURPHY: This morning you are joining us with some news from the retirement front, is that right? MELLODY: You’ve got it, Skip. There were a couple of stories last week that really illustrate the challenges that many Americans are faced with when it comes to preparing for retirement. As a society, the institutions that […]
