The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. I joined the CBS Evening News to explain how it will impact Americans.
CBS This Morning: Equifax Settlement
After a huge data breach in 2017, credit monitoring agency Equifax agreed to pay out $700 million, up to $425 million of which would establish a fund to compensate consumers. About 147 million people, nearly half of the country’s population, had their personal and financial information exposed. Equifax admits “no wrongdoing,” and a federal court still needs to sign off on the settlement. I joined CBS This Morning to discuss how you can find out if you’re eligible for a payment.
CBS This Morning: Credit Scores
A recent creditcards.com survey found that a large majority of Americans with debt would not be willing to cut spending on either leisure travel or clothing and shoes by 50%. I joined CBS This Morning to discuss how these choices can impact your credit.
CBS This Morning: Equal Pay Fight
Chants of "equal pay" interrupted a speech by a top soccer official this week as the U.S. women’s national soccer team celebrated their fourth World Cup title. The players are suing over gender and pay discrimination. The players' fight for parity reflects the national battle for equal pay. A recent study shows women make 49 cents for every dollar a man does, over a 15 year period of their careers. I joined CBS This Morning to discuss ways we can start closing the gender wage gap.
CBS This Morning: Student Loan Scams
In this week's Eye On Money, we are focusing on the growing number of student loan scams. As many families deal with college financing this summer, the Better Business Bureau reports an increase in fraudulent texts, emails and voicemails about loans. I joined CBS This Morning with what families need to know to avoid these scams.
CBS This Morning: Money and Love
According to the planning website The Knot, couples spent an average of nearly $34,000 on their wedding last year. And while 80 percent of couples say they set a budget, 45 percent report going over it. I joined CBS This Morning to share tips on how to plan a wedding without breaking the bank, and how to prepare for a sound financial future.
CBS This Morning: FIRE Movement
In the latest installment of Eye On Money we are focusing on a fast-growing trend that focuses on saving aggressively to retire early. It's called F.I.R.E. and stands for "financial independence, retire early." The idea is to live a frugal life now, so you can take control of your financial future.
CBS This Morning: Retirement Planning Tips
A new Bankrate survey says 76 percent of Americans have at least one financial regret. Among those people, more than half are disappointed with their savings. I joined CBS This Morning with some tips on how to save for retirement.
CBS This Morning: Mexico Tariff Threat
President Trump is doubling down on his threat to impose new trade tariffs on Mexico. On Sunday, he tweeted "the problem is that Mexico is an abuser of the United States, taking but never giving." Last week, the president announced an initial five percent tariff on all imports from Mexico, if the country does not stop illegal immigration to the U.S. The first round of tariffs is due to take effect June 10. I joined CBS This Morning to discuss how this could affect American consumers and businesses.
CBS Evening News: Impact of Mexico Tariffs
A surprise move by the president to impose tariffs on Mexico could impact billions of dollars of goods. The auto industry would take the biggest hit. Weijia Jiang reports and I make an appearance.