finance

Think that the wealth in the United States is fairly evenly distributed?  A video produced back in November of 2012 and has just gone viral in the last 24 hours (March 3-4, 2013) tell a very different and stark story.

We all kind of know what a 401(k) is. It’s retirement money. But beyond that, what actually isa 401(k)? These aren’t the things we discuss with our parents around the dinner table before we’re thrust out into the working world.

Detroit woman Texana Hollis was evicted from the home her late husband bought over 60 years ago last September when her son failed to pay property taxes linked to a reserve mortgage. Two days after she was kicked to the curve, HUD, the federal agency who did the kicking, reversed course and decided the 101-year-old could move her stuff back into her home. The only problem was the house had been co

Even stacked together in a jar, all those pennies you have are fairly worthless. However, they may soon become collectors’ items. Canada, our neighbor to the North, has just eliminated the penny in their latest federal budget, following the example of nations like Australia and New Zealand. The Canadian national mint will stop producing the one-cent coin over the next six months, and businesses ha

The collapse of the housing market has led to historically low interest rates on mortgages, leading many renters to wonder if now is a good time to purchase a home. If you’re mulling it over, consider this: new research says that in most areas, buying is now cheaper than renting.

While a depressed economy may be bad for your job prospects, a new study finds it could actually be good for your marriage.

If you had to put 20 percent down to buy a house, would you be able to do so? A new study from the Center for Responsible Lending at the University of North Carolina says most people wouldn’t — and it could have dramatic and negative effects on the struggling housing market.

Most people are at least a little shaky about what the future holds when it comes to their money, but it looks like now is the time people are more fearful of their financial security. According to a new survey from Gallup, Americans are more worried about their economic future than they have been at any point over the last 20 years.