Why do we need to talk about taxes right now? I know that taxes are a favorite topic to avoid, but as the saying goes, nothing is certain but death and taxes. Because of that, it is better to be knowledgeable about the subject. Last week, a Wall Street Journal article highlighting a rise in […]
Why we are talking about the housing recovery. The broader housing market has been on fire lately. We have seen housing prices in cities across the country rise very rapidly, and in many cases, this trend has made housing unaffordable. Construction has not been able to keep up with demand for houses in numerous zip […]
How is the American consumer doing? Because the American consumer is one of the most important components of the American economy. You have heard me say many times on this show that consumer spending is responsible for 70 percent of GDP. (Gross Domestic Product). Where the American consumers go, the economy tends to follow. […]
A new study shows women are better at saving for retirement than men. That’s right. A new study of Fidelity Investments client data found that women earned 0.4 percent higher returns and save a higher percentage of their paychecks than men do, at that is true at every salary level. According to the data, women save 9 percent […]
Why is it that auto loans may be harder to come by? In recent weeks, a number of prominent lenders, from JP Morgan Chase, to Ally Bank, to Wells Fargo, have announced their auto loan originations have dropped sharply. At Wells Fargo, new loan origination for auto purchases dropped 29% in the first quarter of 2017 […]
This morning, we are answering listener questions! We are. A number of your loyal listeners have sent in their questions about money matters, and we are here today with some answers! The first question here is about a recent change to a major credit score. Can you tell us about this? Absolutely! Recently, VantageScore – […]
In this edition of Money Mondays, Mellody Hobson covers the latest news surrounding student loans. What’s the latest in the student loan front? Just over a week ago, Secretary of Education Betsy DeVos, rescinded some Obama-era memos aimed at reforming the way student loan borrowers interact with their servicing agents, the companies charged with collecting […]
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 […]
