Tag: Personal Finances

Andrew Luck Walked Away From $58 Million, but That’s Not Necessarily Bad

Andrew Luck’s announcement that he was retiring from the Indianapolis Colts shocked football fans for two big reasons: He was at the top of his game, despite being repeatedly injured, and he was walking away from some $58 million in the final two years of his contract. In fact, the owner of the team said […]

Read More

When Elizabeth Warren Agreed With Betsy DeVos

The most important campaign news of the summer was Elizabeth Warren’s surge. Early in the year, her campaign was foundering. She was in fifth place, with a mere 6 percent support. Now she is rising toward the top, with former Vice President Joe Biden and Senator Bernie Sanders. She’s drawing huge crowds — 15,000 in […]

Read More

Colleges Are Cutting Tuition, but You May Not Pay Less

Sunshine Anderson was at Mills College’s annual welcoming ceremony in 2017 when the liberal arts college revealed its big news: It was slashing its tuition by more than a third. Elated, the history major, who is now a senior, immediately spread the word on Twitter and recalled thinking: “Oh, my God, this is going to […]

Read More

4 Reasons Parents Don’t Discuss Money (and Why They Should)

Parents would be remiss if they did not talk to their children about drinking and driving, using drugs and, of course, sex. Some go even further, discussing subjects like bullying and mental health. So why do a significant number of parents still not talk to their children about wealth and inheritance? Two-thirds of Americans who […]

Read More

Skip Cash for Equifax Breach and Get Credit Monitoring, F.T.C. Tells Victims

Overwhelmed by requests from consumers seeking compensation related to the giant 2017 data breach at the credit bureau Equifax, the Federal Trade Commission is recommending that people accept free credit monitoring rather than cash. In a blog post published on Wednesday, the agency announced that because of the high volume of requests, the F.T.C. would […]

Read More

The Fed Just Cut Interest Rates. Here’s What That Means for You.

Americans juggle a lot of interest rates in their daily lives. They pay interest on car loans, credit card balances and mortgages. They earn interest, at least a little, on the money they save with banks. Technically speaking, Federal Reserve officials did not touch any of those rates when they announced a quarter-point interest-rate cut […]

Read More

What the Equifax Data-Breach Settlement Means for You

Two years after a major data breach exposed the personal information of around 147 million Americans, the credit bureau Equifax has agreed to pay at least $650 million to resolve consumer claims and multiple state and federal investigations stemming from the episode. At least $300 million of that amount will go to consumers, according to […]

Read More

Equifax Settlement in Data Breach Will Cost at Least $650 Million

The credit bureau Equifax will pay at least $650 million and potentially significantly more to end an array of state, federal and consumer claims over a data breach two years ago that exposed the sensitive information of more than 148 million people. The breach was one of the most potentially damaging in an ever-growing list […]

Read More

Back-to-School Sales Tax ‘Holidays’ Lure Shoppers Despite Slim Savings

If you missed out on the blitz of deals offered early this week by many online retailers, don’t despair: There may be additional savings on the horizon, as more than a dozen states gear up for their annual summer sales tax “holidays.” This year, 16 states are offering back-to-school promotions, exempting many items, including clothing, […]

Read More

Buying Lattes Is Not Keeping You From Being Rich

“I Will Teach You to Be Rich” didn’t get as much attention as it deserved when it was first published a decade ago, and it’s easy to understand why. The author, Ramit Sethi, who runs a website with the same name as his book, ignored the emotions people have about money, apparently believing that all […]

Read More

Joe Biden’s Tax Returns Show at Least $15 Million in Income After 2016

Over his long career in politics, Joseph R. Biden Jr. established his everyman bona fides by citing his status as the poorest member of the Senate and referring to himself as “Middle-Class Joe.” But Mr. Biden’s financial fortunes have substantially improved since his time as vice president, as he and his wife earned more than […]

Read More

How to Manage Your Credit Card Bills, Which Experts Say Are Late More Often

Even with a strong economy, a growing number of people are having trouble paying their credit card bills. Late credit card payments, while still low, have been ticking upward for the past two years, the Federal Reserve Bank of New York reported in May. Card delinquencies have been rising for borrowers under 30, in particular, […]

Read More

Saving for a Future Complicated by the Loss of Sight and Sound

Albert Rizzi gave up on trying to manage his nest egg because as a blind person, he encountered digital barriers constantly. Many of the websites, mobile apps, PDFs and software programs he needed were not accessible. Sometimes, they just didn’t work. So Mr. Rizzi, 55, the founder of My Blind Spot, an accessibility advocacy group […]

Read More

At 75, Taking Care of Mom, 99: ‘We Did Not Think She Would Live This Long’

Not many years ago, Lynda Faye planned to spend her retirement gardening in Amherst, Mass., and visiting her eight grandchildren. Not on the list of golden-years pursuits: caring for a frail elderly parent. Ms. Faye is 75, and her mother, Yetta Meisel, a widow, is 99. The former art teacher fills her days helping her […]

Read More

Money Is Not Just for Men

You’re reading In Her Words, where women rule the headlines. Sign up here to get it delivered to your inbox. Let me know what you think at dearmaya@nytimes.com. “I would argue that in our society, money is a male construct.” — Sallie Krawcheck, co-founder and C.E.O. of Ellevest, an investment platform for women Remember that […]

Read More

Retouching the Mona Lisa Is Restoration, but a Mickey Mantle? Collectors Cry Fraud

A scandal in the world of baseball card collecting threatens to undermine the value of a long-established card grading system, has put into question the legitimacy of a prominent marketplace and has raised concerns that some collectors overpaid for expensive cards. Millions of dollars’ worth of cards are at stake as collectors question purchases and […]

Read More