After Major Loss in 2013, Chicago’s Largest Black-Owned Bank, Seaway Bank & Trust Co.,...

Two failed-bank acquisitions gone awry led Seaway Bank & Trust Co. to post a big loss for 2013 — the first loss in more than three...

Entrepreneur Dominique Broadway Empowers Through Financial Literacy

Though she is under 30 years old, Dominique Broadway is no stranger to running her own business. At 13, she operated as the vice president of...

Many African-Americans Are Being Squeezed Out of the U.S. Housing Market

More African-Americans are being squeezed out of the housing market. Not only are they less likely to apply for a mortgage than any other ethnic...

Winter Storms Are Hurting the Nation Financially

The winter storms barreling across much of the United States are undercutting the nation's economy just when signs of stronger growth had begun to...

Jobs, Money, Robots, and People

It is an invisible force that goes by many names. Computerization. Automation. Artificial intelligence. Technology. Innovation. And, everyone's favorite, ROBOTS. Whatever name you prefer, some form...

Facing a Job Loss? Here Are Four Questions to Ask Yourself

"Dear Deborah, I’m a single person in my mid-fifties. I have a lot of credit card debt. Even though I have a good income as...

LISTEN: Mellody Hobson on Love and Money

In today’s “Money Mondays” segment, Mellody Hobson discusses balancing love and finances.  In the spirit of Valentine’s Day this Friday, I am here to talk...

Tech Workers Who Make a Lot of Money Are Pushing Out Renters Who Can’t...

Low- and middle-income residents of San Francisco, Oakland, Seattle and other metro areas, are getting pushed out of their homes as an influx of...

Report says Seniors Often Overspend on Mortgage and Credit Cards

How do you spend your money? Well, if you're like the average older American you might be spending far too much on mortgage debt...

Working on Empty: America’s Workers Are Spending Down Savings to Survive

As the President takes the podium for the State of the Union, the majority of people watching and listening to his speech will be...

4 Money Musts Before Listing Your Home

If you’re planning to sell your home, chances are good that you’re seeking a lifestyle level-up: you want to bring your home’s size, shape, features,...

Job Growth in the 21st Century Is Being Driven by Technology

A new report from the National Bureau of Economic Research has just answered a question often asked of the San Francisco Bay Area: Why...

Tips for Smart Money Management

A compilation of real-life stories that illustrate the need for financial wisdom, Save Wisely, Spend Happily, by Sharon Lechter will inspire readers to examine their...

Many Renters Are Simply Saying ‘No’ to Buying Homes

With a wife and a 10-year-old daughter, Matthew Amster-Burton appears to be one of the likelier people to buy a house, but the Seattle...

Leaving the Door Open for the Young and Unemployed College Graduate

Most of the leaders with whom I work as a management consultant are a level-headed lot. They rarely let their personal feelings interfere with...

Millennials and Personal Finance

Most high schools don't teach how to balance checkbooks or navigate loans, though plenty of young people wish they had more access to formal...

Getting Into Financial Alignment

After more than twenty years of marriage, I now realize that in our family my wife is more cautious than I am when it comes to the...

Frugal Ex-Teacher, Margaret Southern, Lived a Simple Life; Left Behind $8.4 Million Gift to...

Margaret Southern taught special-needs children, cared for her ailing brother for almost a decade and doted on her dachshund Molly. She would stay up late...

5 Money-Saving Resolutions for 2014

There’s opportunity in the air. Not only does a new calendar year offer a clean slate and the chance for some calculated resolution-making, but...

New Report Finds that Income Inequality Has Hit Black Women Particularly Hard

One theme President Obama's State of the Union Address will cover tonight is income inequality.  That widening chasm between the wealthy and middle-class: a...