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Your retirement account statement likely does not tell you this, but fees are adding up on your IRA or 401(k) over time – and they can be substantial, as much $155,000 for a median income, two-earner family over a lifetime. That was not a misprint. In many areas, that amount will buy you a nice home
In the media
Americans have been successful at getting some of their debts off their backs, but many still have a long way to go.
In the media
Gail MarksJarvis
A national research firm says a recent survey of low and middle income consumers indicates the 2009 Credit Card Accountability Responsibility and Disclosure Act is helping consumers reduce their credit card debt load.
In the media
David Morrison
On the third anniversary of the Credit Card Accountability Responsibility and Disclosure Act being signed into law, the average debt has declined, but many Americans are still using credit cards as a way to cover basic living expenses, according to a national survey from the policy center Demos.
In the media
Maggie Shader
The economy may be growing again, but many Americans are still in a cash crunch. In the past year, 40% of low- and middle-income households used credit cards to pay for basic living expenses, such as rent or mortgage bills, groceries, utilities, or insurance, according to survey released Tuesday by
In the media
Jessica Dickler
With anti-regulatory fervor gripping Washington, it’s difficult to imagine both parties working together to enact successful public safeguards that protect Americans. But it wasn’t that long ago that strong, bipartisan majorities in both the House and Senate took action to defend consumers against
In the media
Amy Traub
In the latest unfortunate news at the intersection of motherhood and politics, stay-at-home moms are doing worse emotionally than their working counterparts.
In the media
Sharon Lerner
Big paydays for founders like Mark Zuckerberg have less and less to do with the creation of middle-class jobs for everyone else.
Blog
David Callahan
Washington, D.C. -- The United States Supreme Court should not summarily reverse the decision of the Montana Supreme Court upholding a state law restricting corporate spending in Montana elections, argue former acting Solicitor General Walter Dellinger and Professor James Sample of Hofstra Law
Press release/statement
The youngsters filed into the large conference room at the Community Service Society in Manhattan. Each picked up a slice of pizza and a can of soda from a small table that had been set up along one wall, then took a seat at the large table in the center of the room. They were from a public school
Blog
Bob Herbert