Personal Economics

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
6 Tips for Renovating Your Home Without Getting Ripped Off

By Beth Braverman

Follow these steps to make sure that you’re not spending more than you need to on your home improvement projects.
The Risk That’s Growing Once Again in the Housing Market

By Diana Olick, CNBC

Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically home prices, falter yet again.

Making a Big Money Move? Why You Should Probably Consult a Financial Adviser

By Beth Pinsker, Reuters

People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions? Some advisers say...
Are Fidget Spinners Dangerous? Consumer Group Issues a Warning

By Beth Braverman

The Consumer Product Safety Commission is warning that fidget spinners might not be suitable for everyone.
The Best City in America for Working Parents

By Beth Braverman

While it’s tough for working parents across the country, there are some cities where the load is a bit lighter, thanks to lower childcare costs and shorter commute times.
Here’s How Much More Your Health Insurance Will Cost Next Year

By Beth Braverman

Consumers who get health insurance through their jobs won’t see rate hikes in the double digits like those on the Obamacare exchanges, but they’ll still see the cost of health care go up.
Would Trump Take Away Your Mortgage Interest Deduction?

By Rob Garver

In the complicated world of federal tax expenditures, there is perhaps no provision more loved by its beneficiaries and more hated by academic economists than the mortgage interest deduction. For...

The Government Wants to Help You Pay Your Student Loans

By Janna Herron

The government is hoping that a new form will help the more than 43 million consumers who owe federal student loans find the most affordable repayment plan. The Consumer Financial Protection Bureau...
You Won’t Believe How Much Some Kids Get Paid for Their Chores

By Beth Braverman

The average weekly allowance for American kids is more than $15 a week, according to the latest survey by the American Institute of Public Accountants. Allowances are fairly common, with more than...
Don’t Have a Credit History? It Just Got a Lot Easier to Build One

By Beth Braverman

For decades, lenders have relied on credit scores when deciding whether to provide a mortgage or other loan to a potential borrower. That system has left millions of people on the sidelines of the...
There’s $6 Billion Being Wasted in America’s Spare Bedrooms

By Janna Herron

If Americans put their spare bedrooms to use as rentals—rather than junk rooms, man caves or craft stations—they could pocket as much as $6.2 billion a week. A new analysis from Finder.com found...
Why Retirees May Want to Take Another Look at Reverse Mortgages

By Beth Braverman

Reverse mortgages don’t have a great reputation. Many financial planners have long derided the loans, which allow homeowners over the age of 62 to get cash in exchange for the equity they have in...

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