Millennials Are Helping America Save More Money

After almost a decade, Americans may finally be turning the corner on saving money. More than 30 percent of them say they have enough tucked away to cover six months’ worth of expenses — a seven-year high for this measure of financial calamity preparedness, a financial planning favorite.

Jun 22, 2017 Suzanne Woolley

Two in Five Americans Say They’ll Need $1 Million to Retire

Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for health care, five, 10, 50 years from now?

If you’ve punted, you have company. Only 41 percent of workers have even tried to figure out how much they need in savings to retire comfortably. 

Mar 22, 2017 Suzanne Woolley

Wall Street Rule Changes Will Be Slow in Senate

A key Republican Senator is casting doubt on hopes for quick action to dismantle the Dodd-Frank Act or overhaul the U.S. mortgage-finance system, citing the need for bipartisan support in a Congress that seems to be far from providing it.

Feb 21, 2017 Elizabeth Dexheimer

Young Americans Would Rather Disclose Their STDs Than Their Debts

It seems 39 percent of millennials would rather disclose a preexisting sexually transmitted disease to a potential partner than reveal their debt, according to a survey of 2,000 millennials SoFi conducted, using online poller Survey Monkey. In addition, the survey found that serious debt was the second-biggest romantic deal-breaker, after workaholism.

Feb 10, 2017 Suzanne Woolley

California’s Payments Into Teachers’ Pensions to Triple

California’s contributions to the California State Teachers’ Retirement System are projected to almost triple in less than a decade and may increase even more due to low investment returns and the cost of benefits enhanced in boom times.

Feb 7, 2017 Romy Varghese

Wells Fargo Wants a Quiet End to Its Scandal, Risking More Noise

Wells Fargo’s attempt to force aggrieved customers into closed-door arbitration over its fake-accounts scandal is drawing a legislative backlash in its home state of California and risks subjecting the bank to another round as a public punching bag.

Dec 13, 2016 Kartikay Mehrotra, Laura J. Keller and Romy Varghese

Red State Homes Are Luring Young Blue Buyers Inland

Dayton, Ohio, gave the world the Wright Brothers and the electric cash register. As recently as 1990, manufacturing jobs there were the backbone of the local economy. But in the two decades since, the area has lost thousands of blue-collar jobs, and the local housing market still wears the scars of the foreclosure crisis.

Dec 8, 2016 Patrick Clark