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Older baby boomers are approaching retirement age, but many aren't calling it quits. For some, it's a matter of choice. But for others, the faltering U.S. economy has pinched their sources for retirement income.
Resist the urge to spend a lot, says our personal finance contributor.
Across the globe, people are rioting about the price of food.
May 3, 2008 · Americans are buying small cars at a rate not seen since the energy crisis of the 1970s brought the Pinto and the Gremlin. Industry analysts point to soaring gas prices as the reason for the trend. Csaba Csere, editor in chief of Car and Driver magazine, talks with Andrea Seabrook.
May 2, 2008 · Americans have been borrowing aggressively to keep up with the rising cost of living. But with credit tightening for mortgages and credit cards, this may no longer be an option for many poor consumers. An economist says the credit crisis is a story of two different kinds of households.
May 1, 2008 · On Capitol Hill, the Joint Economic Committee hears from a farmer, a baker, a bureaucrat and a food-bank representative about high food prices. Meanwhile, House and Senate negotiators are moving toward a final farm bill.
May 2, 2008 · The Federal Reserve is expected to approve new rules Friday that prohibit some of the credit card industry's billing practices. Among other things, the changes prevent card companies from arbitrarily raising the interest rate on cardholders' outstanding balances.
May 1, 2008 · Americans who bought cars beyond their means are falling behind on their loans in record numbers, and nearly a fourth of borrowers are finding themselves with vehicles worth less than their loan balance.
April 29, 2008 · Kim Love was keeping up with her debts until she went on disability and her income was cut in half. She and her husband soon had 11 credit cards and bills topping $20,000. A credit counselor helped them cut their debt by a third.
May 1, 2008 · President Bush says he will sign legislation that the Senate passed Wednesday to ensure that students can borrow money for college.
April 28, 2008 · In 1982, Americans saved more than 11 percent of their disposable income. The personal savings rate dropped to just 0.4 percent last year. An economist blames easy credit — and how we think about money.
April 25, 2008 · The American home foreclosure crisis has been at a fever pitch for months now. Drive down any residential street, and you'll see unattended lawns and for sale signs. For more, we get a national perspective, then we put a human face on the issue.
April 23, 2008 · The cost of gas reached a new high on Tuesday, escalating to a national average of $3.51 per gallon — almost 66 cents higher than a year ago. Will U.S. consumers continue to suffer? Economists and energy officials predict tough times ahead with increased demand for oil and gas from other countries.
April 23, 2008 · Seven out of 10 people facing foreclosure still haven't worked out a way to keep their homes, according to a new report.
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The Vice Fund is an investment vehicle that puts money into tobacco, alcohol, gambling stocks.
Should the recent dive in the Dow Jones index act as a wakeup call for those who play the market?
Buffett, 76, says he's won't quit anytime soon, but is looking for someone to take on his portfolio.