This morning we are discussing the labor market. Why is the labor market making news right now? Right now, the labor market is making news because it is on a tear, Last week, we learned the number of Americans filing for unemployment benefits is closing in on a 44-year low, signaling that the job […]
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 […]
The Dow hit 20,000 last week. Why is it such a big deal that it crossed 20,000? It is a major milestone and a reminder of how far we have come since 2009 – more than triple the low we reached in March of that year. That said, the number itself is more symbolic […]
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 […]
For this first Money Monday of the year, you are here to point out some stories to watch in 2017, correct? Mellody: That is correct! While I don’t have a crystal ball, it is clear there are some stories that we know we will need to keep an eye on this year. Each of […]
12/19/16 – Rob Wilson gives tips on holiday shopping including one big no-no: don’t use credit for holiday shopping! Rob Wilson is a financial advisor, television contributor and new media personality who concentrates his practice on providing advice to and managing financial affairs for successful professional athletes, entertainers and other young professionals. His work providing […]
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 […]
How will the presidential election impact our finances and the broader economy? Mellody: Obviously, the result of this election – the election of Donald Trump – will have huge consequences. Before we get to financial issues, we have to talk about the broader impact this will have on our community. We have seen the […]
Today we are talking about the financial benefits of exercise. Maybe this morning’s segment will inspire some of us to cultivate good habits. Mellody: It very well could! We have talked about the link between physical health and financial health here before, but a new study shines some light on the individual financial benefits of […]
