When Karen and Scott got married, Karen had nearly $50,000 of non-mortgage debt. Scott, who was a Chicago firefighter at the time, jokingly referred to it as “a reverse dowry.”
Several years before meeting Scott, Karen
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Much has been made of all the stress and strain education debt is inflicting on young college grads. But the fastest growing segment of the population with burdensome school debt isn’t the young. It’s borrowers who are
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Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
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Getting out of debt tops the list of Americans’ financial priorities, according to a recent study by BMO Wealth Management. If getting out of debt is one of your top goals, two simple steps will speed up the
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More than a quarter (26%) of all American adults have student-loan debt. Many of those people (28%) never finished earning a degree. Among young people who did recently complete their degree, more than two-thirds (70%)
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April 27, 2016
Jane Bryant Quinn
Reverse mortgages used to be considered a cash-flow option of last resort. That perception is changing, due to new regulations that have made them safer, as well as new cash-flow strategies that appeal to younger retirees.
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Ten years ago, in the summer of 2006, I wrote an editorial titled Years of Plenty, Years of Famine. In it, I told how Joseph has always been one of my favorite Bible characters. His roller-coaster ride from favorite son to
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December 22, 2015
Wilson J. Humber
[With a new year upon us, you have a fresh opportunity to make significant financial progress. Here are 10 reminders as to why you should make it a priority to attack your debt load in 2016 as never before. —AP]
Before
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Your use of credit is an open book. Your credit history including a record of your past borrowing, repayment history, and the current status of all your credit relationships is constantly monitored and updated by
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For many years, popular personal finance teaching, especially in churches, has steered people away from credit cards and toward debit cards. But recent credit and debit card data breaches, such as the massive one
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