Many immigrants bring their home cultures with them when they come to the United States. Often, that means informal savings arrangements that work on a small scale, but don't help immigrants get the sort of credit report and credit rating that's necessary for major financial endeavors. Until now.
In Kinshasa, Democratic Republic of the Congo, as in many places in Africa, hospital patients don't get to leave until they pay their bill. And every day they stay, the bill gets higher. They're prisoners of their medical debt.
America is heading into a retirement crisis, an economist says. Most retirees haven't saved enough money to retire and Teresa Ghilarducci blames America's entire system for retiring.
Las Vegas teen Syretha Shirley won a contest for her song about using a debit card instead of a credit card and resisting pressure to buy expensive items.
Detention and suspension rates in Chicago increase during end of month period, may be related to food stamps
A recent study of public schools in Chicago shows an increase in the rate of detentions and suspensions at the end of the month among students whose families receive government assistance. The study has been linked to data showing lower caloric intake at the end of the month for recipients of food-stamps.
During the Soviet era, many Russians say they didn't really worry about how much things cost. Choices weren't abundant so you made do with what you could get. And things were cheaper.
The United States was joined by two of its closest allies in imposing a new round of financial sanctions on the Iranian banking system, seeking to up the pressure on Iran as it continues what the west says is its pursuit of nuclear weapons.
The middle class in the United States is shrinking. Fewer jobs pay enough to provide the sort of disposable income that was the hallmark of the middle class. Is there anything we can do about it?
A German musician is making waves on the Internet by turning financial data into often-depressing musical arrangements. Johannes Kreidler has tied musical notes to falling stock prices.
A Los Angeles activist is encouraging Americans to take their money out of the big banks and transfer it to smaller, local credit unions. The protest is in the wake of increased fees from big banks.