Tom: Very interesting topic today – we are talking interest rates and race? Mellody: That is correct, Tom. A study published in july found a significant discrepancy between the interest rates that people of different races are charged on home mortgages. Black americans pay higher interest rates that white americans who have the same financial background. […]
Tom: We have social security on tap for our listeners today, correct? Mellody: We certainly do. As most people know, social security is the primary program that ensures that retirees, those with disabilities, and other individuals who are in need have a safety net. This month, the program marked its 80th year of operations, having […]
Olympic Gold Medalist Gabby Douglas was on the verge of losing her family home until her mother was able to drop thousands of dollars in back mortgage payments, saving the home from being sold in a foreclosure auction. Natalie Hawkins, Gabby’s mom, filed for Chapter 13 bankruptcy back in 2012. According to the bankruptcy petition, […]
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: 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 […]
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. […]
That credit card bill could be causing harm to more than just your pockets. According to a new study, financial struggle has a big impact on your health. Listen to the audio player to hear the shocking statistics in the latest Jazzy Report! Sign Up For Our Newsletter! Listen to the “The D.L. Hughley Show” LIVE weekdays 3-7 […]
SKIP: It is that time of year again – tax time – and you have a few things for us to think about, correct? MELLODY: That’s right, Skip. Wednesday is April 15, a day everyone knows but one that can cause anxiety and stress if you are uncertain about things or if you haven’t […]
