Latest Personal spending News

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...

Medicare limits coverage of $28,000-a-year Alzheimer's drug

Jan. 11, 2022 20:45 PM EST

WASHINGTON (AP) — Medicare said Tuesday it will limit coverage of a $28,000-a-year Alzheimer’s drug whose benefits have been widely questioned, a major development in the nation’s tug-of-war over the fair value of new medicines that offer tantalizing possibilities but come with prohibitive...

Bank of America slashes fees for account overdrafts

Jan. 11, 2022 18:52 PM EST

NEW YORK (AP) — Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks. It's the latest move by the nation's biggest banks to roll back the overdraft fees they long...

Millennial Money: How to have the wedding you want for less

Jan. 11, 2022 10:02 AM EST

This one goes out to all you lovebirds who got engaged over the holidays and are now left planning a wedding with zero event-planning experience. Somehow you’re expected to craft a day that’s traditional, yet modern. Well-attended, yet intimate. It’s about you as a couple, but...

Liz Weston: This year, resolve to leave no gift card unused

Jan. 10, 2022 08:42 AM EST

Years ago, a friend who needed cash sold me a $100 Nordstrom gift card. I wish I knew where the heck I put it. Gift cards are a popular holiday solution, especially recently, as supply chain disruptions and shipping delays have made gift buying more challenging. Most gift cards are...

Yarmuth: Kentucky gets big boost in home heating assistance

Jan. 10, 2022 04:06 AM EST

LOUISVILLE, Ky. (AP) — Kentucky will receive more than double its annual investment to help families afford energy costs as a result of a federal pandemic assistance package, U.S. Rep. John Yarmuth said. More than $113 million in funding was secured for Kentucky through the Low...