- Perspective
Financial regulator takes aim at ‘buy now, pay later’ credit
The Consumer Financial Protection Bureau, now under President Biden’s control, said it's probing popular “buy now, pay later” credit products offered by Affirm, Afterpay, Klarna, PayPal and Zip.
By Michelle SingletaryDecember 21, 2021 - BusinessPerspective
The craziest, creepiest year in the real and financial worlds in my 50 years of writing about business
The economy is going great. Employment is up and so are the stock markets and housing prices, but political divisiveness is undermining everything.
By Allan SloanDecember 20, 2021 Coming Fed rate hikes mean one thing: Pay off that credit card debt. Now.
To fight inflation, the Federal Reserve has indicated interest rate hikes are coming next year. This could increase the cost of borrowing for consumers carrying debt with variable interest rates.
By Michelle SingletaryDecember 17, 2021- Perspective
Beware of storm-chasing scammers trying to capitalize on tornado relief efforts
The scammers will be coming for your donation dollars. Here's how to avoid charity scams related to the tornadoes that tore through parts of the South and Midwest.
By Michelle SingletaryDecember 14, 2021 Should I use my retirement fund to pay off debt? The Post’s personal finance columnist answers your questions.
The Post's Michelle Singletary will answer your questions about banking, retirement and savings on Wednesday, Dec. 15 at noon.
By Michelle SingletaryDecember 10, 2021- Perspective
Without the boosted child tax credit, nearly 10 million children could fall deeper into poverty
If Congress fails to pass President Biden's Build Back Better legislation, monthly child tax credit payments will stop and millions of families will struggle to make ends meet.
By Michelle SingletaryDecember 10, 2021 - BusinessPerspective
Bookstores are dying. Barnes & Noble’s pricing policy may help explain why.
I'm fond of my local Barnes & Noble, so I was surprised to see bn.com undercutting prices in the store for some bestselling books — and stunned to see the company allowed pop-up ads from Amazon lowering prices even more.
By Allan SloanDecember 9, 2021 Yes, debt collectors can now contact you on social media. No, they can’t post that you owe money.
What’s next for many of these families could be a barrage of calls, and now messages on their social media accounts from debt collection companies as the result of new debt collection rules. Here's what you need to know about your rights.
By Michelle SingletaryDecember 7, 2021- Perspective
Overdraft fees are a menace
Capital One announced it's eliminating overdraft fees. Other financial institutions should follow suit.
By Michelle SingletaryDecember 3, 2021 - Perspective
New rule will allow debt collectors to track you down on social media
Federal regulators have given debt collectors the okay to pursue debtors via email, text messages and social media sites.
By Michelle SingletaryNovember 30, 2021 - BusinessPerspective
Markets are shrugging off omicron worries. But the variant offers a lesson investors should heed.
The market plunge on Black Friday — and recovery on Monday — after the news about omicron offers an important lesson to investors: If you’re going to own stocks long term, you need to have enough cash on hand to ride out volatility.
By Allan SloanNovember 30, 2021 - Perspective
Online shopping will soar this holiday season. So will scams. Here’s how to protect yourself.
A new poll from Gallup found that a majority of Americans plan to shop online for the holidays. Here are some tips that will help you stay safe while online shopping.
By Michelle SingletaryNovember 24, 2021 - BusinessPerspective
Giants like GE and IBM are splitting up. The picture for shareholders is complicated.
The breakups of several firms show investors see more value in smaller and more streamlined enterprises than sprawling conglomerates.
By Allan SloanNovember 23, 2021 - Perspective
How to beat inflation and empty shelves this holiday shopping season
With inflation and empty shelves, this will not be the year for deep discounts on holiday gifts. But don't let the spiking prices and scarcity of popular gifts cause you to break your holiday budget.
By Michelle SingletaryNovember 19, 2021 Want in on the great retirement boom? Here are the five things you should know.
A significant share of people leaving their jobs in "The Great Resignation" are early retirees. Before you take the plunge, follow these tips to help avoid running out of money in retirement.
By Michelle SingletaryNovember 16, 2021Inflation: How to spend less — or even make more money — as prices rise
As inflation sees its biggest annual rise in 30 years in October, take advice from the experts about how to beat inflation or even benefit from it.
By Michelle SingletaryNovember 10, 2021- Perspective
Check your redesigned Social Security statement. It makes it easier to see if you can afford to retire early.
Social Security statements have gotten a much-needed makeover, including data and charts to help you decide when to retire.
By Michelle SingletaryNovember 5, 2021 - Perspective
Last chance to get advance child tax credit is fast approaching
It's not too late for low-income families to sign up for advance child tax credit payments. But they have to do so by Nov. 15.
By Michelle SingletaryNovember 2, 2021 - BusinessPerspective
The meteoric rise of Tesla’s stock price is good for investors — even those who aren’t directly invested in Elon Musk’s car company
Even many of us who don't own Tesla stock have made out well from its meteoric rise. That’s because Tesla has become the seventh biggest stock in S&P 500 and total stock market index funds.
By Allan SloanOctober 30, 2021 - Perspective
Unpaid caregivers spend a quarter of their annual income providing help. A new caregiver tax credit was axed from Biden’s budget plan.
Caregivers give more than their time. They spend a lot of their own money taking care of loved ones. An AARP study found that three-quarters of family caregivers spend an average of $7,242 annually on out-of-pocket costs related to caregiving, representing 26 percent of their income.
By Michelle SingletaryOctober 29, 2021