Category: Personal Finance

The Justice Department has formed a transnational elder fraud strike force to combat the growing international problem of elder fraud. Elder fraud is when fraudsters prey on older victims who can be more susceptible to when approached to give money to sympathetic causes and in some cases threatened and harassed by criminals. Recently, three Peruvian […]

Winners must match all five numbers plus the Mega Ball to take home the big prize. For the lowest prize of $2, players must match the Mega Ball number. The Mega Millions drawing isn’t the only lottery with a large jackpot going into the weekend. With the Powerball jackpot currently at $350 million, the combined […]

Social Security’s reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits in full. That’s according to the annual Social Security and Medicare trustees report released on Monday, which said total costs of the program, which covers the old age and disability […]

Millennials often define being an adult as being financially independent, but a new survey finds the majority of young people still depend on their parents for money. A new Merrill Lynch/Age Wave survey given exclusively to USA TODAY found 70 percent of adults ages 18 to 34 received financial support from their parents within the last year, […]

The Powerball jackpot continues inching toward $1 billion as no one took home the jackpot Saturday night. The drawing on Wednesday will be worth an estimated $750 million. The latest numbers drawn for the jackpot were 24-25-52-60-66 with a Powerball of 5. The winner would have officially taken home $638.8 million, the biggest jackpot of […]

With filing season officially under way, a growing number of taxpayers are realizing that the Tax Cuts and Jobs Act might be a double-edged sword. The White House said in October 2017 that the average family “would get a $4,000 raise” when it was pushing for passage of the law. Now that the new filing […]

Democrats in the House and Senate rolled out a proposal on Wednesday to more than double the federal minimum wage to $15 per hour by 2024. “A $15 federal minimum wage affirms the bedrock idea of fairness in our country: that hard work deserves a decent wage,” Speaker Nancy Pelosi (D-Calif.) said in backing the […]

Unwanted calls are often harmless but some are after your credit card information, IDs or passwords. All are a distraction and a waste of your time. Robocallers have gotten more devious by masking their calls with phone numbers that use the first three or first six digits of your phone number. But the scams are […]

Financially strapped, Jose Aguilar said it felt as though he’d let his family down in 2015 when Wells Fargo foreclosed on his mortgage, but his disappointment redoubled earlier this year when the bank sent him a letter that said a system glitch that he says caused him to lose his home of four years. Aguilar […]

Donors who marked “retired” as their occupation gave 52 percent of their $326 million in total contributions through Oct. 17 to Democrats, and only 48 percent to Republicans, The Wall Street Journal reported, citing data from the nonpartisan Center for Responsive Politics. This is the first time since the Center for Responsive Politics began tracking donations in […]

With the average annual percentage yield on savings accounts in the U.S. at less than one percent, most customers have to be willing to deposit significant sums of money in order to see any meaningful growth to their savings. Though these accounts often do not come with the services provided by traditional banks, such as […]

As the Mega Millions jackpot drawing increased to an eye-popping $1 billion on Friday, it seems more and more Americans are deciding they “have a feeling,” too, an impulse sending lotto tickets flying off shelves nationwide in advance of the next drawing. In California alone, nearly $5.7 million worth of Mega Millions tickets were sold […]