August 12, 2013 |
Tell The Times how your family is dealing with the current job market. Although the economy is slowly picking up, Californians of all ages are struggling with their employment situations and their finances. In many cases, family members are stepping in to help. Are you a twentysomething who is working multiple part-time jobs and living with your parents? A fortysomething supporting your parents or children? A sixtysomething who is facing depleted retirement savings and looking for work?
March 26, 2012 |
Got a problem making ends meet each month? There's an easy and cheap way to stick to a budget using envelopes. David Colker, an editor in the Business section at the Los Angeles Times, shows how to do it. This method of budgeting was popular in the Great Depression, and it is coming into vogue again in this tough economy. All you do is take an envelope for each category -- say, one for gas, one for food, one for entertainment, one for rent -- and put your budgeted amount of cash in it for the month.
December 6, 2012 |
Americans saw their wealth increase by $1.7 trillion in the third quarter ended in September, a promising sign in the thick of the holiday shopping season. Total household and nonprofit net worth - the difference between the value of assets and liabilities - climbed 2.7% to nearly $64.8 trillion from $63 trillion the previous quarter. A year ago, the gauge was at $58.7 trillion, according to a report Thursday from the Federal Reserve. Households enjoyed a $301 billion bump in the value of their real estate holdings; the value of stock investments increased as well.
November 11, 2008 |
Higher college costs and steep losses in college savings plans are forcing students and their parents to borrow more money -- if they can -- to earn bachelor's degrees. Federal officials, fearing that the continuing credit crunch may stymie college financing efforts, tried Saturday to reassure families that funds would be available.
June 16, 2013 |
Shares of Corinthian Colleges Inc. fell 23% last week after the Santa Ana for-profit college chain disclosed that the Securities and Exchange Commission had launched an investigation into the company. Corinthian said it received a subpoena this month from the SEC related to student recruitment, degree completion, job placement, loan defaults and compliance with U.S. Education Department rules, among other issues. The company said in a securities filing it intends to cooperate with the SEC investigation.
January 26, 2014 |
WASHINGTON - The verdict was nearly unanimous at a recent hearing on Capitol Hill: The new federal "ability to repay" and "qualified mortgage" regulations that took effect Jan. 10 will make obtaining credit tougher, not easier, this year, and potentially force large numbers of creditworthy home buyers to defer or cancel their plans. What nobody addressed at the hearing, though, was the elephant in the room: OK, we've got a problem. But what, if anything, can buyers who find it difficult to meet the new standards do about it?
April 19, 2009 |
Couples in the process of divorce spend a lot of time divvying up their assets. But in today's miserable economy, experts maintain that soon-to-be-exes should take even greater care dividing up the debts. Otherwise, your former spouse's job loss could end up hitting your balance sheet -- and credit report -- years after you think the divorce is settled.
June 7, 2013 |
Builders are eyeing the next wave of potential home buyers - the so-called millennials - but whether this rising generation will embrace big mortgage debt remains an open question. These 95 million people ages 10 to 32 outnumber their baby-boomer parents by 10 million. The young adults among them, sobered by the recession, have relatively modest material expectations; many say they'd be happy with smaller living spaces. The housing industry will have to convince the next generation that home loans are as necessary and prudent as the student debt so many of them already carry.
December 29, 2013 |
Teresa Martin was laid off in October from her job as office manager for a packaging company. The Corona resident is now struggling to pay her bills. Martin, 57, isn't carrying any credit card balances at the moment, but she said she may have to start running up debt on plastic in the coming days if she wants to keep a roof over her head. "It's scary," she told me. "But I'm not sure what else I can do. " As we stagger into a new year, consumer debt is climbing at the fastest pace in more than five years.
March 31, 2013 |
After graduating from Columbia University in the height of the recession and acquiring $120,000 in debt, including 12 student loans from seven servicers, Brendon McQueen was left with a film degree and a six-month grace period before his first loan repayment was due. Frustrated by the lack of options in tracking and managing his various loans, McQueen, like many other entrepreneurs, took matters into his own hands. “I tried to find a tool out there that offered a comprehensive solution, and I couldn't, so I said, 'Well, let's create one,'” McQueen said. The solution: Tuition.io , a free one-stop-shop website that consolidates all your student loans -- public or private -- into one interface.