Financial related news.
Whether you call it "The Great Resignation," "The Great Reshuffle" or just high time for a change, millions of American workers are looking for new jobs — and some have already quit the ones they have. Better pay isn't necessarily the motivator, labor experts say. Many people are seeking greater flexibility, the ability to work [...]
NEW YORK (AP) — After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, people in the Northeast still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial losses because they didn't have flood insurance. Most of those [...]
NEW YORK — Making money by helping underserved communities? It took Bobby Turner years to convince big investment funds such a thing was possible. But today, sustainable investing is so hot on Wall Street that investors are rushing into funds that consider the environment, social issues and corporate governance in their strategies. It's been such [...]
CARLISLE, Pa. (AP) — More than $104 million in Pennsylvania Turnpike tolls went uncollected last year as the agency fully converted to all-electronic tolling, with the millions of motorists who don't use E-ZPass having a nearly 1 in 2 chance of riding without paying under the "toll-by-plate" license plate camera system. An internal turnpike report [...]
WASHINGTON — Social Security and Medicare, the government's two biggest benefit programs, remain under intense financial pressure with the retirement of millions of baby boomers and a devastating pandemic putting increased pressures on the two programs' finances. A report this week from the programs' trustees moved up by one year the date for the depletion [...]
NEW YORK — Before starting advocacy group the Student Borrower Protection Center, Seth Frotman was the Student Loan Ombudsman at the Consumer Financial Protection Bureau. That's effectively the federal government's point person for student loan issues. Frotman held that position until 2018, when he resigned to protest the Trump administration's handling of student loans and [...]
Many of us don't learn how to manage money until we're faced with our first true financial decision, such as renting an apartment, applying for a credit card or buying a car. But what if you learned about budgeting or credit scores in the low-stakes environment of a classroom instead? It may not sound like [...]
The average annual cost of new vehicle ownership is just shy of the $10,000 mark, or $805.50 per month, according to new data collected by AAA. The biggest factor pushing the nearly $9,666 annual price tag is depreciation, accounting for 40 percent of all ownership expenses, the national member association reported. Depreciation’s share outpaced additional [...]
Losing income is never easy, but it's become increasingly common over the last year and a half: According to the Pew Research Center, 44 percent of U.S. adults say their household has experienced either job loss (including temporarily) or a pay cut since the beginning of the pandemic, with Hispanic and Asian adults most likely [...]
Franklin County Board of Commissioners this week approved a pair of contracts totaling in excess of $1.1 million to assist families that owe back rent and face evictions. Contracts were awarded to the Legal Aid Society of Columbus and Community Mediation Services of Central Ohio, according to a board statement on the action. The move [...]