Friday, August 22, 2014
Inquirer Daily News

Personal Finance


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The Street: Nearly four in five people (79%) said the stress of personal finances is keeping them awake at night, according to a National Foundation for Credit Counseling poll.
DEAR HARRY: I'm one of the lucky ones. I graduated from college in May, and I have a job. Unfortunately, it's not the job I'd hoped to get.
The Street: In a Sallie Mae survey, families said they would cover 42% of college costs, compared to just 27% last year.
The Street: Although renting has its perks, many homeowners say there’s nothing quite like owning something you can truly call your own. Experts weigh in on five tipping points that often inspire renters to take on a mortgage and sign on the dotted line.
The Street: The combined Social Security retirement and disability trust funds are projected to be exhausted in 2033, according to this year's Social Security Trustees Report. Gen X-ers who are in their 40s now will be entering their sixth and seventh decade right around 2030, making them the most immediate, vulnerable generation of all.
The Pennsylvania Supreme Court has ruled that homeowners' warranties against defects apply only to a property's first buyer, and cannot be passed along in subsequent sales.
The Street: According to, homeowners with lousy credit can pay up to 91% more. Even having mediocre credit can hurt you with homeowners insurance - bringing payments 29% more, on average, then those of consumers with excellent credit.
A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out Monday.
WASHINGTON (AP) - One of the most vulnerable Senate Democrats is standing by his vote for President Barack Obama's health care law, a fresh sign that the unpopular mandate may be losing some of its political punch.
NEW YORK (AP) - What if Michael Brown's last moments had been recorded?
NEW YORK (AP) - Jell-O has lost its jiggle and nobody knows how to fix it.
FORT WORTH, Texas (AP) - American Airlines says it will charge a $150 fee each way for minors between 12 and 14 who fly alone.
CINCINNATI (AP) - A police officer placed on leave after the fatal shooting of a man at a Wal-Mart store also was involved in a 2010 fatal shooting in which he was not indicted after evidence showed he acted in self-defense, authorities confirmed Thursday.
WASHINGTON (AP) - Construction to upgrade North Korea's main rocket launch pad should be complete by this fall, allowing Pyongyang to conduct a launch by year's end if it decides to do so, a U.S. research institute said Thursday.
NEW YORK (AP) - Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.
SAN FRANCISCO (AP) - Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales.
The Street: Over a third of all Americans (36%) have not saved any money for retirement, according to a new report.

Only Dave Ramsey keeps his teeth in. Dave's done stupid with zeros on the end, and he wants you to learn from his mistakes. Read his column Tuesday, Thursday and Saturday on