Tag: Consumer Affairs

I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. My parents want me to save for a home. I want a Tesla Model 3. Who’s right?

Dear Quentin, I’ve been flip-flopping back and forth between buying a new car or putting a down payment on my first home. With my parents...

Nearly half of MyTheresa customers in the U.S. and Germany spend tens of thousands on luxury goods annually: Cowen

Cowen analysts conducted a survey of customers in the U.S. and Germany who shop on luxury e-commerce site MyTheresa, finding that about 45% typically spend...

Did you skip mortgage payments last year? Here’s what that means for your taxes

Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for...

My fiancé wants me off the deed and mortgage to our new home. If I don’t agree, he says we’ll stay engaged forever

Dear Moneyist, My fiancé — or should I say eternal fiancé because he never wants to get married — recently shocked me when he flatly...

The IRS says teachers can deduct hand sanitizer costs and how Dolly Parton’s Super Bowl ad glosses over the reality for millions of gig workers

Happy Friday MarketWatchers. Don’t miss these top stories: Jon Bon Jovi finally puts a price on his NJ mansion: it’s available for $20 million The...

Trader beware: Read this before buying stocks with investment apps like Robinhood

As social media has stoked interest in an assortment of stocks that recently were being shorted by hedge funds, Robinhood and similar, low-cost trading and...

Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks, but I got the better of him

Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a...

‘I feel like she has joined some abusive cult’: My wife makes $25,000 and only gets 1.5% annual pay raises. What can I do?

My wife and I have been married for 18 years and met at work in 2000. She is college educated and has worked her entire...

‘Most people would seriously be stunned if they knew just how many credit scores there are’: Why your FICO score differs from Credit Karma

That’s the question many Twitter TWTR, users were asking this week, after scores of tweets about the personal-finance management company went viral. Many of these...

Yellen says raising minimum wage to $15 would have ‘minimal’ impact on jobs, but nonpartisan Congressional Budget Office disagrees

Raising the minimum wage to $15 an hour from $7.25 would help the U.S. economy more than it would harm it, Janet Yellen, President Joe...

‘This is sheer economic waste. We distributed our $1,200 stimulus to our church:’ Why did we get these checks instead of poor Americans?

Dear Moneyist, My husband is 82 years old. I am 83. We are retired. We are neither Democrats nor Republicans. Last year, about midsummer, we...

Existing-home sales rise slightly, despite buyers’ struggles with falling inventory

The numbers: Existing-home sales beat analyst estimates and rose in December, even as inventory dropped once again to a record low. Total existing-home sales increased 0.7%...

Biden administration extends nationwide eviction moratorium

U.S. President Joe Biden formally requested that officials extend the nationwide bans on evictions and foreclosures hours after his inauguration. Biden asked the U. S....

Counting on a tax refund or stimulus check? 5 things to know before filing your taxes

This year’s tax season will start against a very different backdrop. Approximately 18 million people are on some form of unemployment assistance and savings rates...

Here’s the maximum amount Biden’s stimulus checks and tax credits would deliver to America’s poorest families

 A new round of $1,400 stimulus checks could equal at least 20% of the money low-income families bring home in a full year, according to...

My partner, 70, refuses to put his bank accounts into both our names. Do I have the right to be offended?

Dear Moneyist, I am 62 and my partner is 70. We have been together for 16 years, living together for 12 of those. We have...

‘We’re asking that people be patient’: Booking a COVID-19 vaccine appointment is a shot in the dark for many

Linda Briggs’ husband was born in 1943, which meant that she had to click more than 930 times to enter her husband’s date of birth...

‘Lifeline to workers’: For some, Biden’s $1.9 trillion COVID-19 rescue plan isn’t coming a moment too soon

On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19...

COVID-19 has caused real financial pain. So why did consumer bankruptcies drop in 2020?

By many measures, the pandemic induced all sorts of financial stress last year. But consumer bankruptcy cases — a way to address financial pain and...

‘I’m going to really miss that $100’: After siege on Capitol, Washington, D.C. curfew hits an already crippled restaurant industry

For Washington D.C. bartender Zac Hoffman, first came the relief. Then came the worry.   Hoffman was getting ready to come into work Wednesday afternoon...

My son inherited money after his father was killed in an accident. A woman has come forward with another legal heir. Are we obliged to give him money?

Dear Moneyist, My ex-boyfriend was killed in an accident. With him being unmarried and my child being his only surviving child, he was awarded a...

10 Biden tax plans that will sail through a Democratic-controlled Senate — and how to prepare for them

With the New Year here and a Democratic-controlled Senate looking increasingly likely after the runoff Senate elections in Georgia, President-elect Joe Biden’s tax plans are...

How to talk to your kids about the storming of the Capitol, and Dr. Fauci on COVID-19 infections: ‘Things will get worse as we get into January’

TGIF, MarketWatchers. Don’t miss these top stories: Personal Finance I pay my gardener $100 a month. Should I pay him less if he misses a...

Federal regulators want to ‘modernize’ home appraisals — that could put some consumers at a disadvantage

A federal watchdog agency is investigating ways to modernize the process used to determine how much a home is worth. The Federal Housing Finance Agency,...

If you moved in 2020, take these steps to avoid a surprise state income-tax bill in the New Year

What they might not be aware of: The state income-tax bill. “It’s something a lot of individuals are navigating,” said Jeremiah Barlow, executive vice president...