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.
Financial windfalls: 15 stories of the money that changed everything
—Topic
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.
A couple doesn’t agree on financial priorities. How can they resolve their differences?
—Vanguard
“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.
Consumer protection wanes under Trump, reports find
—USA Today
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.
Obama expanded overtime pay to 4 million workers. Now Trump is scaling that back.
—Vox
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!
Looking back, and ahead, for Women’s History Month
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.
A month of money smarts for kids of every age
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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