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Study: 35 Percent in US Facing Debt Collectors

FINANCE | By Josh Boak | Friday Aug 1, 2014
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released by the Urban Institute.

Health and Human Services Secretary Sylvia Burwell

Medicare's Own Health Looking Better, Report Says

FINANCE | By Stephen Ohlemacher, Richardo Alonso-Zaldivar | Jul 31
Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement.

Asia Stocks Widen Gains Ahead of US, China Data

FINANCE | By Youkyung Lee | Jul 29
Asian stocks extended gains Tuesday with the South Korean stock market closing at a three-year high ahead of U.S. and Chinese economic reports later this week.

Sherilyn Adams, center, executive director of Larkin Street Youth Services, makes a point during a panel discussion on the myth of gay affluence. She was joined on the panel by Bevan Dufty, left, director of the city's Housing Opportunity, Partnerships and Engagement office, and Gary J. Gates, Ph.D., Williams Distinguished Scholar, the Williams Institute, UCLA School of Law.

Panel Debunks Stereotype of LGBT Affluence

FINANCE | By Jim E. Winburn | Jul 26
The myth of gay affluence serves as a harmful exaggeration, according to speakers of a recent Horizons Foundation panel discussion hosted at Merrill Lynch Private Bank.

A home for sale in Alameda, Calif.

Average US 30-year Mortgage Rate at 4.13 Pct.

FINANCE | Jul 25
Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week.

House Passes Tax Breaks to Boost Charitable Giving

FINANCE | By Stephen Ohlemacher | Jul 21
The House passed a package of tax breaks designed to boost charitable donations by seniors, private foundations and procrastinators. One provision provides tax breaks to people over 70 who make donations from their individual retirement accounts.

Bull Run Continues for Most Mutual Funds in 2Q

FINANCE | By Stan Choe | Jul 14
Go ahead and open the latest quarterly statements from your mutual funds when they arrive. It'll likely be painless, just like it was a quarter ago. And the quarter before that. And the quarter before that.

Credit card decals on a store window in the Hollywood section of Los Angeles.

US Consumer Borrowing Rises at Slower Pace in May

FINANCE | By Josh Boak | Jul 10
Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, said the Federal Reserve.

Kentucky Democratic Senate candidate Alison Lundergan Grimes speaking in Louisville, Ky. Grimes has released her first attack ad, mischaracterizing Sen. Mitch McConnell’s voting record on overhauling Medicare.

Fact Check :: Grimes Releases First Negative TV Ad

FINANCE | By Adam Beam, Calvin Woodward | Jul 9
Shaky claims about Medicare were common in the 2012 campaign, from President Barack Obama on down. Now they’ve surfaced in this year’s midterm elections, in one of the hottest Senate races in the country.

Home for sale in the Coconut Grove neighborhood in Miami.

Average Rate on 30-Year Mortgages Dips This Week

FINANCE | By Martin Crutsinger | Jul 8
Average U.S. mortgage rates are near historically low levels. Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week.

With Decimal Mistake, Students Become Millionaires

FINANCE | By Kimberly Hefling | Jul 7
Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid - making it less likely they will qualify for grants and loans.