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Financial News from Money Talks News

  • Do you have delinquent debt? A new study by the Urban Institute, a Washington think tank, and Encore Capital Group’s Consumer Credit Research Institute found that last year more than 35 percent of U.S. adults with credit files – or 77 million Americans — had bills that were unpaid for so long that they were considered …

  • I checked to see if I had unclaimed money and found I have $19,887,000 out there. Getting the money will require submitting a form, which you can download and print.

  • The Fight for the Right to Hang a Clothesline Money Talks News - 16 hours ago

    They raise a number of objections, as the American Bar Association’s ABA Journal explains: The “right-to-dry” movement points out that clotheslines save households money and have the added virtue of reducing the 32 million metric tons of carbon put into the atmosphere by clothes dryers each year. Another 13 states protect …

  • Many employers are looking at more than your resume and hiring application when considering you for a job. Oftentimes, social media can make or break your chance of getting hired. A recent CareerBuilder survey of more than 2,100 hiring managers and human resource professionals and more than 3,000 workers found that 51 …

  • We Love Facebook and Other Social Media, But We Also Hate It Money Talks News - Tue, Jul 29, 2014 12:36 AM EDT

    Although Americans love social media – regularly checking Facebook (many of us multiple times a day), posting pictures on Instagram and posts on Twitter – they aren’t necessarily satisfied with social networking sites. In fact, social media scored just 71 out of 100 in the American Customer Satisfaction Index ratings, …

  • Americans Name Their Favorite Grocery Stores Money Talks News - Tue, Jul 29, 2014 12:31 AM EDT

    Americans have identified their favorite grocery stores, and they may not be the big-name stores you’re thinking of. A new survey from Harris Poll EquiTrend found that when ranking familiarity, quality and likelihood of making a purchase, traditional grocery store brands come out on top. Shoppers in the Northeast like …

  • How to Care for Your Pets After You’re Gone Money Talks News - Mon, Jul 28, 2014 10:30 AM EDT

    As anyone who has worked at an animal shelter will tell you, a number of the pets there were beloved companions who became homeless because of their owners’ deaths. Perhaps the most spectacular illustration of estate planning for a pet was the $12 million fortune that hotel magnate Leona Helmsley bequeathed to her little …

  • 10 best buys at warehouse clubs Money Talks News - Mon, Jul 28, 2014 10:08 AM EDT

    Everyone loves a deal, and warehouse clubs promise so many of them you’ll pay to get in the door. Rest assured, an analysis by Consumers’ Checkbook indicates your annual membership fee to Costco, Sam’s Club or BJ’s can be money well spent.

  • 1 in 25 New Yorkers is a Millionaire Money Talks News - Sat, Jul 26, 2014 3:08 AM EDT

    The Big Apple is teeming with millionaires. In fact, if you’re walking down the street in New York City, chances are a millionaire is not far away. With 389,100 millionaires, New York ranks fourth on a list of global cities with the highest percentage of millionaires. A millionaire is someone whose net worth, excluding …

  • Some Vegas Casinos Have Cut the Payout on Blackjack Money Talks News - Sat, Jul 26, 2014 3:04 AM EDT

    If you’re looking to play blackjack in Las Vegas, you need to know that some Vegas casino operators are changing their blackjack payouts. Earlier this year, Las Vegas Sands, which owns the Venetian and the Palazzo casinos, altered its payouts from three-to-two to six-to-five, according to Pacific Standard. Henry Tamburin, …

  • Cellphone Unlocking Bill Heads to Obama for Signature Money Talks News - Sat, Jul 26, 2014 2:58 AM EDT

    Americans will again have the freedom to unlock their cellphones and switch wireless carriers without violating copyright law. House lawmakers passed the cellphone unlocking legislation Friday. The Senate had already approved the bill. It is now a presidential signature away from becoming law.

  • 5 Reasons Your Money Will Never Work for You Money Talks News - Fri, Jul 25, 2014 10:30 AM EDT

    “If only my income was greater” or “If only I had a million bucks.” Sound familiar? Well, you’d probably do the same thing you’re doing now: Spend it! I know the phrase “It’s not how much you make, but ...

  • Save on Back-To-School Supplies by Shopping Sales Tax Holidays Money Talks News - Fri, Jul 25, 2014 3:01 AM EDT

    The National Retail Federation projects that U.S. families will spend an average of $669 on back-to-school items like clothes, shoes, supplies and electronics, up 5 percent from $635 last year. If you’re looking to get a bigger bang for your buck on school items, back-to-school sales tax holidays are a great time to shop. …

  • The Talk All Parents Need to Have With Their Adult Children Money Talks News - Fri, Jul 25, 2014 3:01 AM EDT

    It seems there’s an even more difficult talk: the one between parents and their adult children about money. According to Fidelity’s Intra-Family Generational Finance Study, parents and their adult children agree that discussing finances – including retirement planning, elder care and inheritance – is important. The study …

  • What You Need to Know About New Rules for Money Market Funds Money Talks News - Fri, Jul 25, 2014 2:54 AM EDT

    The Securities and Exchange Commission voted 3-2 this week to tighten rules on the $2.6 trillion money market industry. In a nutshell, money market funds are open-ended mutual funds that invest in low-risk securities, according to the SEC. Often regarded as being a safe place for investors to park their cash, money market …

  • Trying to Rebuild Their Image, Big Banks Woo Low-Income Customers Money Talks News - Thu, Jul 24, 2014 10:45 PM EDT

    If you’re low-income, unbanked or have a troubled financial history, big banks want you as their customer. According to The New York Times, an increasing number of big lenders are offering low-fee banking services to poor Americans. The products, including bare-bones bank accounts and prepaid debit cards, are hardly big …

  • Why Corporations Pay Less Taxes than You Money Talks News - Thu, Jul 24, 2014 11:00 AM EDT

    While you may be dutifully sending off 25 percent or more of your income to the federal government each year, corporations are sharing a whole lot less with Uncle Sam. According to a 2013 report from the U.S. Government Accountability Office, profitable corporations paid a mere 13 percent in federal income taxes in 2010. …

  • Many Part-Time Workers Get the Shaft Money Talks News - Thu, Jul 24, 2014 12:46 AM EDT

    Unfortunately, it’s the harsh reality for millions of part-time workers in the U.S. According to The New York Times, there is a push by some government officials and women’s and labor groups to limit some of the unpredictability faced by part-time workers. Scott M. Stringer, the New York City comptroller, is pressing …

  • Amazon Quietly Introduces a Mobile Wallet App Money Talks News - Thu, Jul 24, 2014 12:43 AM EDT

    Is your wallet stuffed with gift, loyalty and reward cards? A new Amazon app can help you declutter. Amazon Wallet made its debut in the Amazon Appstore and Google Play store last week, but chances are you (and most other people) haven’t even heard of it. According to TechCrunch, the new digital wallet is still in its …

  • Finding Help With Your Student Loans Money Talks News - Wed, Jul 23, 2014 11:00 AM EDT

    In their pursuit of higher education, Americans have racked up more than $1 trillion in student loan debt. Government options for reducing student loans Before we talk about the private companies professing to help you wipe out student loan debt, let’s start with the official debt relief options offered by the government. …

  • Shopping for a Home? Beware These 17 Flaws Money Talks News - Wed, Jul 23, 2014 10:30 AM EDT

    So does a smelly sewage treatment plant down the block. Homes near freeways or railroads can sell for 10 to 15 percent less, says MSN Real Estate. A home that lacks covered parking can lose about $5,000 in value for each missing space in a neighborhood where most homes have a garage or carport, says MSN Real Estate.  …

  • One Court Ruling Shoots Down Obamacare, Another Backs It Up Money Talks News - Wed, Jul 23, 2014 3:20 AM EDT

    When it comes to eligibility for health care subsidies, not everyone is on the same page (or apparently even in the same book). A federal appeals court in Washington, D.C., has ruled that nearly 5 million Americans in 34 states who used the federal online health insurance exchange to enroll in health coverage are not eligible …

  • Millennials Say Yes to Cash, No to Stocks Money Talks News - Wed, Jul 23, 2014 3:13 AM EDT

    Cash is king for young adults. When it comes to long-term investments, nearly 40 percent of millennials (ages 18 to 29) would prefer to stash their cash in a checking or savings account, or maybe even under a mattress. It’s hardly surprising that millennials are wary of the stock market, considering they came of age during …

  • Parents Break the Bank for Back-to-School Shopping Money Talks News - Wed, Jul 23, 2014 3:09 AM EDT

    Back-to-school shopping is in full swing. A recent RetailMeNot survey found that two-thirds of parents will start back-to-school shopping by the end of July. Parents now have to budget for multipage school supply lists and extracurricular activities. A RetailMeNot press release said:

  • Ask Stacy: Can I Erase Myself From the Web? Money Talks News - Tue, Jul 22, 2014 11:07 AM EDT

    I’m a big fan of your newsletter! I would love to see an article on an easy way to remove online personal information from people search websites (WhitePages.com, Spokeo.com, etc.). Swimming in it, like sharks, are data miners, collecting and selling that information. Recently the European Union’s top court issued a ruling …

  • Worried You’ll Outlive Your Money? There’s Insurance for That Money Talks News - Tue, Jul 22, 2014 10:30 AM EDT

    Today, however, more companies shift the retirement burden to employees by providing a 401(k) or other savings-type plan. These plans, known as defined contribution plans, allow the employee to save money in a tax-advantaged investment account they can draw on in retirement. It’s known as a longevity annuity — an investment …

  • Amazon Launches $9.99-a-Month All-You-Can-Read Deal Money Talks News - Tue, Jul 22, 2014 1:30 AM EDT

    Amazon has a new subscription service that offers all you can read for $9.99 per month. Kindle Unlimited includes more than 600,000 Kindle e-books and thousands of audiobooks, according to a company press release. All self-published e-books on Amazon are included in Kindle Unlimited, as well as bestsellers like “The Hunger …

  • Hotels Are (Mostly) Doing it Right Money Talks News - Tue, Jul 22, 2014 1:21 AM EDT

    The annual survey shows that improvements in facilities and services have helped boost hotel guest satisfaction to its highest level since 2006. More than 67,000 hotel guests in Canada and the U.S. were surveyed for the report. On a 1,000-point scale, overall guest satisfaction for 2014 is at 784, up 27 points from 2012. …

  • Hundreds of Nude Photos Recovered From ‘Wiped’ Phones Money Talks News - Tue, Jul 22, 2014 1:14 AM EDT

    You may soon regret snapping those embarrassingly intimate selfies you thought you permanently deleted from your Android phone before selling it on eBay. It turns out that using the factory reset tool on Android smartphones doesn’t permanently remove your personal data files, including photos, credit card information, …

  • Free Credit Scores: Help or Hindrance? Money Talks News - Mon, Jul 21, 2014 12:31 PM EDT

    Remember how hard it used to be to see your credit score? Free credit scores are offered in lots of places now, and so you’d think the problem of knowing your credit score would be solved. In the video below, Money Talks News founder Stacy Johnson explains the trouble with free credit scores. A credit score, Reuters …

  • 7 Ways to Go to the Movies for Free Money Talks News - Mon, Jul 21, 2014 10:30 AM EDT

    According to The Wall Street Journal, the average cost of a movie ticket was $8.13 by the end of 2013. This can be as simple as Tip No. 1: Join the rewards program at your theater of choice. Among the theater chains that offer rewards are Regal Cinemas, Cobb Theatres, Carmike Cinemas, Wehrenberg Theatres and Regency Theatres. …

  • Hate Flying? These Airlines Might Change Your Mind Money Talks News - Fri, Jul 18, 2014 1:43 PM EDT

    Canceled flights, lost baggage, overbooked planes, bad customer service – it seems that airline passengers have a lot to complain about these days. “Asiana just revamped its A380 planes, adding first-class suites that have doors, closets and beds;

  • Restaurant Gripes Usually Have Nothing To Do With the Food Money Talks News - Fri, Jul 18, 2014 1:41 PM EDT

    According to a recent national survey by Consumer Reports, diners are generally more annoyed by cleanliness issues in restaurants than they are by mediocre food. Click here to check out the CR restaurant gripe-o-meter.

  • Can You Afford an Affair? Money Talks News - Fri, Jul 18, 2014 1:40 PM EDT

    The average extramarital affair costs about $2,600, according to a recent survey by Vouchercloud.net, a coupon and discount code site. It also found that a “typical” affair lasts about six months and begins about two years after saying “I do.”

  • For Quality Food and Savings, You Don’t Need a Grocery Store Money Talks News - Thu, Jul 17, 2014 2:56 PM EDT

    You can save money and have more control over the source and quality of the food your family eats. In return, they receive shares in the farm’s bounty throughout the growing season, as well as satisfaction gained from reconnecting to the land and participating directly in food production. These groups are great for the …

  • How to Avoid the Latest ATM Scam Money Talks News - Thu, Jul 17, 2014 2:04 PM EDT

    Use of devices to fraudulently “skim” data from ATM cards so crooks can drain your bank account is nothing new. According to Krebs on Security, the European ATM Security Team – a nonprofit group that collects information on ATM fraud – said the new skimmers sit within the throat of the ATM card reading slot, making them …

  • The Most and Least Expensive Public Universities Money Talks News - Thu, Jul 17, 2014 2:02 PM EDT

    If you want to go to the University of Pittsburgh or Penn State, you better have a giant piggy bank (or two) because you’ll need it. The two Pennsylvania schools are the most expensive four-year public universities in the nation, according to the U.S. Department of Education’s recently released annual rankings of the most …

  • 175 Hazardous Chemicals Found in Food Packaging Money Talks News - Wed, Jul 16, 2014 2:23 PM EDT

    You’ll likely be surprised to find out they’re on a long list of hazardous chemicals, and they’re lurking in some of our food packaging. A recent study by the Food Packaging Forum found that 175 dangerous chemicals are legally used to produce some foils, cans, storage containers and pans that serve as food contact packaging. …

  • Home Depot Gets Into the 3-D Printer Business Money Talks News - Wed, Jul 16, 2014 2:16 PM EDT

    Lumber, faucet, hammer, 3-D printer – you can now buy all of these at Home Depot. At first glance, you may not see how a 3-D printer fits in with the hardware supply giant, but, as Engadget said, “The Home Depot’s core business revolves around helping you craft things, so it stands to reason that you’d eventually find …

  • Make Money by Helping Your Friends Make Money Money Talks News - Wed, Jul 16, 2014 11:25 AM EDT

    In just a few years, all by word of mouth, Money Talks News has transformed from a community of a few thousand subscribers to more than a quarter million. Starting now, whenever existing subscribers invite friends, family or co-workers to join our subscriber list, they’ll earn an entry in a contest that can mean a $500 …

  • 4 Steps to Get Debt Collectors Off Your Back Money Talks News - Wed, Jul 16, 2014 11:06 AM EDT

    One of you is probably being hounded by a debt collector. An April report from the Center for Responsible Lending found that 1 in 7 Americans is on the receiving end of debt collection activities. If you’ve found yourself on the receiving end of debt collection calls – regardless of whether the debt is valid – you’ll …

  • Could Huge Cookie Boost Pizza Hut’s Sales? Money Talks News - Wed, Jul 16, 2014 1:14 AM EDT

    You can now satisfy your sweet tooth with a new pizza dessert from Pizza Hut. After you’re full of bread sticks, pizza and soda, you can gorge yourself on Pizza Hut’s new 8-inch cookie pizza. Pizza Hut’s sales could use a boost. Pizza Hut same-store sales dropped 2 percent last year, the Motley Fool said.

  • Some Stores Trick You With Fake ‘Sales’ Money Talks News - Wed, Jul 16, 2014 1:09 AM EDT

    It turns out many retailers trick consumers into thinking they’re getting a great deal when they shop during a big sale. “Thanks to a combination of slick pricing, frequent couponing and confusing discounting, retailers routinely trick consumers into thinking they got a great deal on an item — when in fact they paid way …

  • Ask Stacy: Can I Write My Own Will? Money Talks News - Tue, Jul 15, 2014 11:35 AM EDT

    Also, can you give me a source to properly know why a power of attorney is necessary even if one is not incapacitated – or perhaps you can give me an answer to that. This is the POA that allows others to make medical decisions on your behalf.

  • Inheriting Real Estate? New Rules Protect You Money Talks News - Tue, Jul 15, 2014 10:30 AM EDT

    The folks at the Consumer Financial Protection Bureau knew. The rule made big changes in how mortgage lenders must screen mortgage applicants. The Ability-to-Repay Rule set off an unintended consequence: If you inherited a home and mortgage and needed to add your name to the mortgage, you had to qualify for borrowing …

  • Your Doctor May Know All of Your Unhealthy Little Secrets Money Talks News - Tue, Jul 15, 2014 1:39 AM EDT

    According to Bloomberg, a number of hospitals are using detailed consumer data reports to develop patient profiles in an effort to identify those at risk of getting sick, so they can step in before it happens. “Information compiled by data brokers from public records and credit card transactions can reveal where a person …

  • Isis Wallet Is Changing its Name to Avoid Confusion with ISIS Money Talks News - Tue, Jul 15, 2014 1:28 AM EDT

    Isis – a mobile wallet service founded by AT&T, T-Mobile and Verizon – is eager to initiate a re-branding effort and name change. It’s understandable, considering its name is quite similar to that of the Islamic State of Iraq and Syria known as ISIS, a militant terrorist group that is working to create a new fundamentalist …

  • Why Your Next Boat Should be Someone Else’s Money Talks News - Mon, Jul 14, 2014 2:38 PM EDT

    After all, 12.2 million boats are registered in the U.S. and the average boat is used just 26 days a year, according to the Miami Herald. Boat Club LLC in Washington state estimates that (without specifying a boat size) the first-year costs of boat ownership amount to about $11,235, including a $3,500 down payment and …

  • New Reverse Mortgage Rules Protect Widow(er)s From Eviction Money Talks News - Mon, Jul 14, 2014 10:30 AM EDT

    Here’s good news for seniors considering a reverse mortgage: The federal government is about to eliminate a big danger lurking in the most popular reverse mortgage program. As things stand now, federal rules allow mortgage companies to evict widows and widowers whose names don’t appear on reverse mortgages issued under …

  • Despite New Rule, Most Fliers Don’t Use Electronic Devices on Planes Money Talks News - Sat, Jul 12, 2014 2:09 AM EDT

    Then you had to sit there twiddling your thumbs until you reached a safe cruising altitude. When the Federal Aviation Administration announced late last year it was relaxing its regulations on personal electronic devices in planes – allowing gadget use during taxiing, takeoff and landing – airlines and passengers were …

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