The latest on money windfalls, short-circuiting financial disputes, and the decline of the CFPB
Here are some favorite personal finance reads from around the web this week.
A game show winner, a MacArthur “Genius Grant” recipient, a professional poker player: What do they do with their sudden riches? Here’s an intimate look at 15 windfall wonders.
“Hey, honey, what’s this charge for $200 last week?” It’s how a lot of money arguments between couples can begin. A Vanguard CFP shows you how to turn a fight into forward movement.
Multiple government agencies tasked with protecting consumers have seen a decline in enforcement activity. The Consumer Financial Protection Bureau, Consumer Product Safety Commission, and Federal Trade Commission all handed out fewer penalties for violations under the Trump Administration than under Obama’s (over the same length of time), signaling relaxed protections for consumers.
The Department of Labor is watering down an Obama-era rule that would have doubled the salary threshold for a worker to qualify for overtime pay, from $23,000 to $47,000. Under Trump, the new proposed limit is $35,000. That means 2.8 million workers would lose out.
Craving more financial finds? Here are my latest blog posts!
Less than 50 years ago, American women couldn’t get a credit card without a man to cosign for it. A Facebook thread revealed the many stories we still remember about the steps toward financial independence for women, and what lies ahead.
Kids can learn money skills at any age. Here’s how to get started this Financial Literacy Month with kids as young as 3.
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