Latest Family finances News

Financial fraud more fraught when perpetrator is known

Dec. 4, 2019 2:08 PM EST

When it comes to identity theft and other financial fraud, the perpetrator is sometimes close to home. While people worry about having their identity or money stolen by strangers online, family, friends and acquaintances are increasingly the ones stealing and profiting from personal information, according to one...

Millennial Money: Break free of your parents’ money patterns

Nov. 26, 2019 11:03 AM EST

You can likely thank (or blame) your parents for some aspects of how you turned out. Maybe you have your mother’s eyes or your dad’s habit of chewing with your mouth open. How you manage money is another thing you likely picked up from your parents — whether they intended you to or not. While...

Many in Venezuela’s 2nd city turn to prayer, not politics

Nov. 20, 2019 2:32 PM EST

MARACAIBO, Venezuela (AP) — Thanks to the generosity of neighbors, Hayde Chacin and husband Jose Calderón are surviving their elderly years on the outskirts of Venezuela’s second largest city of Maracaibo. The manager of a nursery down the street gives them a bit of rice when they have nothing...

Indiana prosecutors ask if couple was paid for interviews

Nov. 14, 2019 6:56 PM EST

LAFAYETTE, Ind. (AP) — Indiana prosecutors want to know whether a former couple accused of abandoning their adopted daughter has been paid for interviews given to national television shows and tabloids about the case. Prosecutors said the pair left their daughter in Indiana and moved to Canada in 2013....

Liz Weston: What to do if your parents need financial help

Nov. 11, 2019 7:52 AM EST

Most parents in the U.S. provide some sort of financial support to their adult children, multiple surveys have found. But often, financial aid goes the other way. A 2015 survey by TD Ameritrade found 13% of American adults provided financial support to a parent. Millennials were far more likely than older...

AP Exclusive: Abusive S. Korean facility exported children

Nov. 9, 2019 2:18 PM EST

BUSAN, South Korea (AP) — A notorious South Korean facility that kidnapped, abused and enslaved children and the disabled for a generation was also shipping children overseas for adoption, part of a massive profit-seeking enterprise that thrived by exploiting those trapped within its walls, The Associated...

South Korean justice minister resigns during finance probe

Oct. 14, 2019 4:03 AM EDT

SEOUL, South Korea (AP) — South Korea's justice minister resigned Monday, citing the political burden of an investigation into alleged financial crimes and academic favors surrounding his family, a scandal that has rocked Seoul's liberal government and spurred huge protests. Cho Kuk has denied wrongdoing....

Politician charged in human trafficking adoption scheme

Oct. 9, 2019 8:26 PM EDT

PHOENIX (AP) — An Arizona elected official ran a human smuggling scheme that promised pregnant women thousands of dollars to lure them from a Pacific Island nation to the U.S., where they were crammed into houses to wait to give birth, sometimes with little to no prenatal care, prosecutors allege. Paul...