You have another story about financial disparities between rich and poor? I do, and this time it comes from the auto insurance industry. According to a recent study by ProPublica, a nonprofit investigative news agency, and Consumer Reports, there is evidence to suggest auto insurers charge more for auto insurance for those living in […]
What can you tell us about helping our kids understand money? April is Financial Literacy Month. You know how important financial literacy is to me, and there is no better place to start building a money-smart society than our children. It is remarkable how early kids begin to grasp financial concepts, so the […]
What tips do you have for those of us who have procrastinated on our taxes? This is becoming a tradition. Today, we are 15 days away from the filing deadline, because this year it is April 18. For those of you who are last minute filers out there, that gives you an extra weekend to […]
We are talking retirement again this week, but from a different perspective. This morning, you are here to give us some tips for retiring single. Why? There are simply more people facing retirement without a spouse – either by choice, or because they are divorced or widowed. In 2015, for the first time in the […]
This morning’s topic is an important one – the retirement savings gap between blacks and whites. What is the latest? The news continues to be bad. According to an article in Forbes last week by Rodney Brooks, Black Americans continue to lag far behind whites when it comes to retirement savings. Data from 2013 – the most […]
You want to make sure consumers don’t let our politics influence our investments. Why is this on your mind? In the current political environment, it can feel like everything is political. But if you mingle your politics and your money, it can have real financial consequences. I cannot overstate the importance of divorcing personal politics […]
We’ve come back to a recurring topic: credit card debt. Mellody: Reversing the positive trend we saw in the wake of the financial crisis, when Americans were paying down credit card debt, we are now racking up debt on plastic again in a big way. According to a new report from the Nilson report, credit […]
Is it already time to think about taxes again? It really is. Time flies, and not just when we are having fun. Today marks the first day that you can file your taxes for 2016, so I think it is a good day to review the changes that listeners can expect this year. Some changes are […]
Today, we’re talking about investing as it relates to the news about Prince’s estate? You’ve got it. As details have emerged about Prince’s estate and his holdings, some interest has bubbled up about how he invested his wealth. And it was an unusual mix. He had a little over $100,00 in cash in four bank […]
Today’s Money Mondays segment focuses on interest rates. The Federal Reserve’s Federal Open Market Committee will meet this week, and most of the people that follow it believe that the Committee will raise interest rates. This is something we have been expecting for some time, but it looks more certain now with unemployment falling […]
What is new in the auto loan industry that we need to know about? Mellody: You may have already heard that the auto industry is booming. Last year, auto sales broke records. And in november, U.S. auto sales rose 3.7% compared with a year ago. Wage growth, consumer confidence, and cheap gas have all contributed […]
We have a big reminder for the holiday shopping season, even though it has already kicked off. Mellody: I want to remind our listeners about seasonal fraudsters and scammers. It has almost become an annual tradition here at Money Monday, but it is important because every year sees criminals come up with new tactics […]
