money

Kelly Henderson loves her job, teaching at Newton South High School in a suburb west of Boston. But she's frustrated she can't afford to live in the community where she teaches: It's part of the 10th most expensive housing market in the nation.

"For people in the private sector, they're probably saying 'Oh poor you, you can't live in the community where you work, what's the big deal?' " says Henderson, 35. "And I guess part of the nature of public education and why it's a different kind of job, is that it's all-consuming — as it should be."

Doctors have long disputed the accusation that the payments they receive from pharmaceutical companies have any relationship to how they prescribe drugs.

There's been little evidence to settle the matter, until now.

A ProPublica analysis has found that doctors who receive payments from the medical industry do indeed prescribe drugs differently on average than their colleagues who don't. And the more money they receive, the more brand-name medications they tend to prescribe.

The billing office is one of the friendliest places on campus, says Aja Beckham, a junior at the University of Illinois at Urbana-Champaign. What wasn't friendly: her bill, and the big number on it.

Ever since her freshman year, she says, her biggest struggle in college has been figuring out how to pay for it.

Medical device maker Olympus Corp., already under federal investigation for its role in superbug outbreaks, has agreed to pay $646 million to resolve criminal and civil probes into illegal kickbacks and bribes to doctors and hospitals.

Federal prosecutors said Tuesday that the company's settlement is the largest ever for violations of the U.S. Anti-Kickback Statute. A portion of the company's payout, $22.8 million, will resolve similar bribery allegations in Latin America.

Americans have about $1.3 trillion in student loan debt. And there's yet another survey out that shows students in this country are confused about their loans, in the dark when it comes to knowing what they've borrowed, uncertain about how to pay them back.

Is it finally time to get rid of the penny? The question was put to the top currency official in the country this week after comedian John Oliver took a swing at pennies on his TV show.

"Two percent of Americans admitted to regularly throwing pennies in the garbage, which means the U.S. Mint is spending millions to make garbage," Oliver said.

These boots make a point:  sales tax was $15.36, meaning a person paid Seattle's minimum wage works an hour just to pay state and local taxes. A higher-paid worker pays proportionally less.
KUOW Feet & Photo/Carolyn Adolph

Seattle’s surging economy continues to cause concerns about affordability.

Monday afternoon, the Seattle Transit riders union held a rally to bring attention to the need for a more equitable standard of living in the city.

But some of the reasons why people struggle in Seattle are deeply ingrained.

Former All-Star point guard Allen Iverson of the Philadelphia 76ers, the story goes, hated luggage so much he used to buy new outfits every time his team went on a road trip. Needless to say, he's had some financial troubles.

Retirement for baby boomers will look different than it did for their parents — Americans are living longer, health care costs more, fewer people have pensions today, and many people facing retirement haven't saved much.

All of that makes managing the nest egg you do have even more vital. But many people need and want guidance on what they should do to make sure their retirement savings last.

There are all sorts of ways people save money on clothes: comparing prices, using coupons and membership club discounts, shopping online, buying used. But there’s one cost-cutting strategy that doesn’t get a lot of attention even though a lot of people are doing it.

From the Here & Now Contributors Network, Taylor Quimby of New Hampshire Public Radio confesses he’s among the many adults buying kids XL-size clothing instead of adult size smalls.

In reporting on students navigating the maze of college costs and financial aid, I kept running into misconceptions about paying for a degree. Here are some of the most common ones:

Low-income students get most of their college financial aid needs met and rich kids don't have to worry, so it's mainly the middle class that gets squeezed.

If you've ever dreamed about finding buried treasure, this story's for you:

A California couple who say they had walked by the same spot on their Sierra Nevada property many times over many years are an estimated $10 million or so richer after digging up eight rusty old cans containing 1,427 very valuable gold coins. It's thought to be the most valuable discovery of such coins in U.S. history.

When Money And Love Collide

Sep 16, 2013
Flickr Photo/Jenifer Correa

It's no surprise that money stress doesn't bode well for romance. For many couples, decisions like marriage, divorce or children hinge on the question: Can we afford it? Marcie Sillman talks with UC Santa Barbara economics professor Shelly Lundberg and couples counselor and director of UC Los Angeles' Sexual Health Program Gail Wyatt about how money impacts our love lives.

Celeste Smith

June 2 is National Cancer Survivor Day. But surviving the disease is just one challenge facing cancer patients. A recent study by Seattle’s Fred Hutchinson Cancer Research Center showed that cancer patients are two-and-a-half times more at risk for filing bankruptcy compared to people without cancer.

How To Make Sure Your Kids Are Good With Money

Apr 23, 2013
Flickr Photo/Shana

In Washington state there are no requirements to include financial education in school curriculum. As a result, most kids graduate high school financially illiterate.

While parents often give their children an allowance to teach financial responsibility, there is little emphasis on what to do with that allowance. Should it be school’s responsibility to teach financial education? What should parents be doing?

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