In the News

This Mother's Day, Shanesha Taylor, a 25-year old homeless and unemployed mother, will be fighting for her freedom and to keep her family together just for the simple crime: trying to feed her children. Without childcare or family support, Shanesha left her children, ages two and six-months, in a parked car while she was in a job interview. In that 45-minute window, a passerby reported her unsupervised children to the Scottsdale, Arizona police who promptly arrested her on felony charges for child abuse.

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You may think that if you spend wisely you’ll be able to avoid huge amounts of credit card debt. But those who have this debt not only spend more frugally than those without it, they actually got into the debt in the first place because of hardships out of their control, not due to unwise budgeting, according to a report from the think tank Demos.

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Should brands like State Farm, Allstate, Prudential and American Express target a generation that’s been stamped with the “irresponsible” label? Yes! In fact, if they don’t start immediately then they will likely struggle to thrive. The secret sauce, in part, lies in how they grew up; and it just might make them the most willing financial planning customer in several generations.

The Supreme Court’s ruling earlier this spring in McCutcheon v F.E.C., which increased the amount of money donors can contribute to political campaigns for federal office, has added new fuel to an 80-year-old debatebetween those who contend that the Supreme Court decides cases on the basis of abstract principles of law and those who argue

Sen. Elizabeth Warren introduced legislation on Tuesday to tackle the nation's over $1 trillion student loan crisis. "Exploding student loan debt is crushing young people and dragging down our economy," the Massachusetts Democrat said in a statement.

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Shareholder activists on Monday called for the board of McDonald’s to cut the wage of chief executive Donald Thomson, citing poor performance and the massive gap between his wages and the average fast-food worker. The fast-food giant holds its annual meeting on 22 May and will be targeted by protesters calling for a higher wages for workers as well as shareholders disappointed with the company’s financial performance and Thomson’s remuneration. Change to Win (CtW) Investment Group is organising a vote against Thomson, who took over as CEO in 2012.

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On a crisp and sunny morning on the day after Thanksgiving, a group of protesters gathered in front of a large Walmart in Michigan’s Sterling Heights, calling for wage increases and better working conditions for the superstore's employees. Mary Johnson, a retiree and member of international activist group the Raging Grannies, stood next to Dan Lombardo, a plumber wearing old-fashioned overalls, who was carrying a sign stating “Walmart equals poverty.” Mothering Justice founder Danielle Atkinson, in a vibrant purple coat, turned up with her entire family.

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A grand canyon of inequality exists between fast food CEOs and the workers who make their corporate and personal fortunes. In the past decade, fast-food CEOs’ wages have increased more than 400 percent, while workers wages increased 0.3 percent, according to a new report by Demos.

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Here's a quick question about your retirement savings: When was the last time you checked the fees on your 401(k)?

If you're like most Americans, chances are you're not sure what exactly your plan is charging you. Even though employers are now required to disclose more information about 401(k) fees, only about half of workers said they actually noticed the data, while just 14 percent made changes after reviewing the information, according to a 2013 study from the Employee Benefit Research Institute.

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Bad enough that the empty calories of many a fast-food meal have all the nutritional value of a fingernail paring. Even worse, the vast profits this industry pulls in are lining the pockets of its CEOs while many of those who work in the kitchens and behind the counters are struggling to eke out a living and can’t afford a decent meal, much less a fast one.

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