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Income

  1. Press: How to help a loved one in a financial bind
    When someone you love is laid off, the news can feel debilitating to you, too. I grieve every time I get such news because I know how tough it will be. So I’d like to…
  2. Press: Work-at-home job scams thrive on economic trouble
    Work-at-home opportunities were supposed to help Chester Mazzoni, Susan Reid and Terry Yeast make ends meet. The only one who made money was Mazzoni — and that stopped when a court-appointed receiver shut him down.…
  3. Press: Secrets of extreme savers
    You can put away a lot more than the average American without living a deprived life.
  4. Press: Consumers saving more than thought
    American consumers have been salting away more of their paychecks than initially reported. A new government report released on Tuesday showed that consumers saved 6.4 percent of their after-tax income in June, and that this…
  5. Press: For-profit colleges’ deceptive recruiting tactics
    Congressional officials on Wednesday identified 15 for-profit colleges where recruiters allegedly encouraged investigators posing as prospective students to commit fraud on financial aid applications or misled them about such matters as tuition costs and potential…
  6. Press: Insecure about securities? Lawmakers hope studies will help
    Within the massive financial reform package is a requirement for no fewer than seven studies intended to help protect individual investors. They fall under a subsection of the act devoted to improving the regulation of…
  7. Press: Regulators’ top 10 investment scams
    Investment scams always sprout during a recession, and con artists are reaping a big harvest in this economic downturn. “It’s pretty bad out there,” says Texas Securities Commissioner Denise Voigt Crawford.  Investors desperate to make…
  8. Press: Income inequality and financial crises
    David A. Moss, an economic and policy historian at the Harvard Business School, has spent years studying income inequality. While he has long believed that the growing disparity between the rich and poor was harmful…
  9. Press: Price tag for ‘basic economic security’ rising, report says
    A family of four needs an income of $108,000 to be financially secure in Fairfax County, the most expensive area to live in the Washington region. An individual without kids or a car can get…
  10. Press: A Republican plan to cut Social Security benefits hits high earners
    A Republican plan to rein in the rising cost of Social Security would dramatically reduce retirement benefits for middle- and upper-income Americans, especially those now younger than 25, according to an analysis released Wednesday by…
  11. Press: A breakdown of low-risk ways savers can generate income
    Climb every mountain. Turn over every rock. Decent income from traditional savings is hard to find. With rates on savings accounts and Treasuries historically low, investors and savers trying to find ways to squeeze income…
  12. Press: Credit card companies still targeting young adults
    I wasn’t naive enough to think that major credit card legislation passed in 2009 would stop lenders from going after young customers. No, I just assumed that card issuers would find a way to target…
  13. Press: Tax preparation with lots of free filing options
    Even though we’re three weeks into 2011, it’s not too late to make New Year’s resolutions. And here’s one that’s a lot easier than giving up chocolate or beer: Resolve to tackle your own tax…
  14. Press: 4 questions to ask before hiring a tax preparer
    In December, Arnold Wood, a tax preparer based in Edgewood, Md., was sentenced to two years in federal prison for, among other things, claiming farm-related losses for clients who didn’t own a farm.  Wood was…
  15. Books: The Haves and the Have-Nots
    Who is the richest person in the world, ever? Does where you were born affect how much money you’ll earn over a lifetime? How would we know? Why—beyond the idle curiosity—do these questions even matter?…
  16. Press: How the middle class became the underclass
    Are you better off than your parents? Probably not if you’re in the middle class. Incomes for 90% of Americans have been stuck in neutral, and it’s not just because of the Great Recession. Middle-class…
  17. Press: When abuse of older patients is financial
    DOCTORS with older patients hear clues all the time. Elderly people mention, in passing, that they are missing money or that they signed forms they did not understand. Or maybe they can’t find a treasured…
  18. Press: The case for Social Security reform
    Nothing unites Democrats like Social Security. No program has worked so well, for so many, for so long. But what about making changes to Social Security? Well, that’s harder. On Thursday, my colleague Lori Montgomery…
  19. Press: Affordable rental housing scarce
    The share of renters who spend more than half their income on housing is at its highest level in half a century and it’s no longer just low-income tenants who are feeling the pain, according…
  20. Press: 401(k) plans with lifelong income options
    The financial and emotional scars of the bear market still have many Baby Boomers in limbo, unsure if their savings will last their lifetime.  Keying on those worries, the 401(k) industry has started providing products…
  21. Press: 10 million could pay more Social Security tax
    Seniors got good news on Wednesday: Their Social Security checks will go up 3.6% next year because of a cost-of-living increase.  That also means an estimated 10 million high-income workers may be paying a…
  22. Press: Retirement rules of thumb don’t always apply
    You may have celebrated the new year in 2000 more worried about whether your computer would work than whether you’d have enough for retirement. After all, you’d been saving diligently, and returns from stocks and…
  23. Press: Harder for Americans to rise from lower rungs
    Benjamin Franklin did it. Henry Ford did it. And American life is built on the faith that others can do it, too: rise from humble origins to economic heights. “Movin’ on up,” George Jefferson-style, is…
  24. Press: All 2011 unemployment insurance benefits taxable
    The jobless rate is dipping, but millions of people are still out of work. And that could have implications when they file their income tax returns. Collecting unemployment insurance benefits? All that…
  25. Press: Inequality undermines democracy
    Americans have never been too worried about the income gap. The gap between the rich and the rest has been much wider in the United States than in other developed nations for decades. Still, polls…
 

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