Latest Personal spending News

WA House passes pause to long-term care program and tax

Jan. 19, 2022 20:35 PM EST

OLYMPIA, Wash. (AP) — Nearly three years ago, Washington became the first state in the nation to establish a defined benefit to help offset the costs of long-term care. Now, lawmakers are quickly moving to delay implementation amid concerns about long-term solvency of the program and criticism of...

Celeb-heavy Los Angeles suburb gets tough on water wasters

Jan. 19, 2022 18:06 PM EST

In a wealthy enclave nestled in the Santa Monica Mountains that is a haven for celebrities, residents now face more aggressive consequences for wasting water — including the threat of having their water flows slowed to a trickle if they repeatedly flout conservation rules. The Las...

Bronx native Cardi B offers to pay fire victim burial costs

Jan. 19, 2022 11:43 AM EST

NEW YORK (AP) — Cardi B has offered to pay the burial costs for all 17 people killed in a fire that ripped through a New York City high-rise. New York City Mayor Eric Adams announced Wednesday that the Grammy-winning rapper had offered the financial relief for victims of the fire...

UK consumer prices rise at fastest pace in almost 30 years

Jan. 19, 2022 09:36 AM EST

LONDON (AP) — Consumer prices in the United Kingdom have risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes. Inflation accelerated to 5.4% in the 12 months through December, up from November's 5.1%,...

Truist cuts down overdraft fees, joining other big banks

Jan. 18, 2022 14:43 PM EST

NEW YORK (AP) — Truist Bank said Tuesday it is reducing its overdraft fees, becoming the latest big bank to announce an overhaul of overdraft policies that often impact the most vulnerable customers. The bank plans to roll out a new checking account this summer that will have a...

Audit: FirstEnergy didn't track spending of customer charges

Jan. 14, 2022 17:09 PM EST

COLUMBUS, Ohio (AP) — FirstEnergy Corp. collected nearly $460 million from its customers to pay for modernizing its electric grid, but an outside audit ordered by state regulators could not determine how the money was spent, the Public Utilities Commission of Ohio said Friday. The...

December retail sales slip after a record holiday season

Jan. 14, 2022 13:15 PM EST

NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their...

Insurers, employers start helping more with chronic disease

Jan. 14, 2022 10:19 AM EST

Vanessa Akinniyi was stuck in denial about diabetes until a care manager from her health insurer coaxed her out. The Jacksonville, Florida, resident didn’t want to start insulin. All the medicines she tried made her sick. But Florida Blue care manager Miriam Bercier...

Editorial Roundup: United States

Jan. 13, 2022 16:58 PM EST

Excerpts from recent editorials in the United States and abroad: Jan. 11 The Washington Post on “why Democrats should push hard on voting rights”: Speaking in Atlanta on Tuesday, President Biden tried to reinvigorate Democrats’ push to pass two...

Inflation at 40-year high pressures consumers, Fed and Biden

Jan. 12, 2022 15:30 PM EST

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to...