Oct 02 Why Social Security’s annual increase doesn’t actually keep up with cost of living By Paul Solman The government adjusts Social Security benefits each year based on inflation rates, but that increase has not kept up with the rising cost of medical care and other expenses. Continue reading
Oct 02 AP fact check: New trade deal not as big as Trump claims By Paul Wiseman, Calvin Woodward, Associated Press President Donald Trump inaccurately described his new trade deal with Canada and Mexico as the biggest ever — it's not even close — and glossed over some possible consequences of the agreement, such as higher car prices. Here's a closer… Continue reading
Oct 02 Parents are more financially optimistic than their kids, poll shows By Sarah Skidmore Sell, Associated Press It's no longer a guarantee that children will achieve upward income mobility. About half of the Americans born in 1984 earned more at age 30 than their parents, down from 92 percent in 1940. Continue reading
Oct 01 Watch 3:19 Trump touts ‘fairness and reciprocity’ of new U.S.-Mexico-Canada trade deal President Trump declared victory on Monday on a deal more than a year in the making. The United States-Mexico-Canada Agreement, or USMCA, largely keeps the structure of the 1994 North American Trade Agreement, but gives U.S. dairy farmers greater access… Continue watching
Oct 01 Watch 5:36 The new U.S.-Mexico-Canada deal offers modest changes. Will it help the economy? President Trump made renegotiating NAFTA a priority of his administration. What's really in the new United States-Mexico-Canada Agreement and what does it mean for the U.S. economy? Amna Nawaz learns more from Edward Alden of the Council on Foreign Relations. Continue watching
Oct 01 Quiz: Do you know how to avoid mountains of student debt? By Beth Kobliner How much do you know about applying to and paying for college? Take this true/false pop quiz to see where you stand. Continue reading
Oct 01 4 ways parents (and their students) can avoid the college debt trap By Beth Kobliner As I crisscrossed the country on a recent book tour, parents repeatedly expressed worry about catapulting college costs. No wonder: Average sticker prices are now $19,000 per year for public four-year schools (in-state) and $47,000 per year for private schools. Continue reading
Oct 01 Gita Gopinath appointed chief economist of International Monetary Fund By Gretchen Frazee Gopinath, a professor at Harvard University, will be the first woman to hold the position. Continue reading
Oct 01 New Tesla chair must rein in CEO Elon Musk at risky time for the company By Christopher Rugaber, Associated Press WASHINGTON — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve… Continue reading
Oct 01 Canada-U.S. agree on new trade deal to replace NAFTA By Paul Wiseman, Rob Gillies, Associated Press If signed, the new deal, called the United States-Mexico-Canada Agreement, or USMCA, would replace the 24-year-old North American Free Trade Agreement. Continue reading