The largest department store chain in America is closing 125 stores and cutting 2,000 jobs. Macy’s is making the cuts in an effort to end a yearlong slump, though it’s unclear how many total jobs will be affected once retail workers factor into the final count. I joined CBS This Morning to break down the implications of the retail giant’s massive move.
On average, college students who graduated in 2018 owe more than $29,000 in loans. I joined CBS This Morning to look at some of the most costly mistakes people make with their finances and what people can do to shrink student debt faster.
The company that turns your credit history into what’s known as a FICO score is updating how that number is calculated. These scores are used to determine whether you can receive a new credit card, or get a home or auto loan. I joined CBS This Morning to discuss a new report that shows the average U.S. FICO score hit an all-time high of 703 last year.
Almost 63% of mortgage applicants are homeowners looking to refinance. I joined CBS This Morning to explain how low mortgage rates could help homeowners cut their costs.
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Senior citizens are getting creative to make ends meet financially: getting roommates. More than 33% of Americans age 65 and over do not have any money saved for retirement. In 2016, 70% more seniors lived with roommates than a decade before. Check out my story for CBS This Morning about two strangers who took a cue from the “Golden Girls” and moved in together in New York to save money.
Many Americans are ringing in the New Year with resolutions. One Fidelity Investments survey of financial resolutions found 53% of Americans hope to save more in 2020, 51% hope to pay down debt and 35% hope to spend less. I joined CBS This Morning to discuss how to make those goals happen.
Many Americans are being left behind when it comes to saving for retirement. Almost half of people 55 and older have saved nothing, according to the Economic Policy Institute. I joined CBS This Morning to discuss how you can catch up financially.
A new report shows just five coastal cities are getting a huge majority of America's high-tech jobs. Researchers found the Seattle, San Francisco, San Jose, San Diego, and Boston areas accounted for more than 90% of job growth in the tech sector from 2005 to 2017. I joined CBS This Morning to discuss what this says about the economy and the future of jobs.
Searching for work during the holidays may be less difficult than you think because of the strong economy. Economists expect employers created about 180,000 jobs. I joined CBS This Morning to discuss how job seekers can take advantage of the holiday season.
Giving Tuesday is meant to encourage charitable donations during the holidays. Americans, including companies and foundations, gave an estimated $427 billion to U.S. charities last year. I joined CBS This Morning to share how to make the most of your charitable giving this holiday season.
As the holiday shopping season kicks off with Black Friday, I joined CBS This Morning to discuss the business of Black Friday and why brick-and-mortar stores are not dead.
More than 56 percent of consumers have already started their holiday shopping, and about 48 million Americans are still paying off their debt from the last holiday season. I joined CBS This Morning to discuss how to to avoid overspending this holiday season.
Many Americans in their 20s and 30s may have given up on the dream of homeownership. Nearly half of millennial renters say they have not saved a dime for a down payment to buy a home. I joined CBS This Morning to discuss why many millennials could be permanent renters and what it means for the housing market.
There are six weeks left in the year to take action on your income tax withholding and to meet critical deadlines for retirement plans. I joined CBS This Morning to discuss money moves to make before December 31.
A new report shows Americans' retirement savings are not growing at the same pace as stocks, which are again hovering around record highs. Over the last decade, the average 401(k) account balance grew about 124 percent, while the Dow skyrocketed 214 percent. I joined CBS This Morning to offer some financial advice.
It's decision time for up to 254 million Americans, with open enrollment season in full swing. The average amount paid by a family for health insurance jumped 22% in the last five years. I joined CBS This Morning to help you make the most of your benefits.
A 2018 Merrill Lynch survey found 79 percent of parents financially support an adult child between the ages of 18 and 34, and 25 percent said they would be willing to draw from retirement savings to do it. I joined CBS This Morning to look at how this can affect everyone in the family.
Even with unemployment at a 50-year low, 43% of full-time employees say they have a job outside of their primary work, according to a Bank Rate survey in June. Taking on an extra job for money or experience is often called having a “side hustle.” I joined CBS This Morning to discuss why so many Americans have second jobs.
Your 401(k) may be taking a hit this week after another sell-off in the markets. The Dow, Nasdaq and S&P each lost more than 1.5% of their value Wednesday, the second straight day of losses. President Trump placed the blame on his political foes, and "impeachment nonsense." I joined CBS This Morning to discuss what's really behind the drop.
Tuesday marks the first day you can apply for college financial aid for the next school year. The Free Application for Federal Student Aid, or FAFSA, determines grants, loans and work study money for more than 12 million students. I joined CBS This Morning to discuss why even those who don't think they will qualify for aid should still apply.
