Mellody Hobson

In this edition of Money Mondays, Mellody Hobson covers the latest news surrounding student loans. What’s the latest in the student loan front? Just over a week ago, Secretary of Education Betsy DeVos, rescinded some Obama-era memos aimed at reforming the way student loan borrowers interact with their servicing agents, the companies charged with collecting […]

We are talking retirement again this week, but from a different perspective. This morning, you are here to give us some tips for retiring single. Why? There are simply more people facing retirement without a spouse – either by choice, or because they are divorced or widowed. In 2015, for the first time in the […]

  Today’s Money Mondays segment focuses on interest rates. The Federal Reserve’s Federal Open Market Committee will meet this week, and most of the people that follow it believe that the Committee will raise interest rates. This is something we have been expecting for some time, but it looks more certain now with unemployment falling […]

What is new in the auto loan industry that we need to know about? Mellody: You may have already heard that the auto industry is booming. Last year, auto sales broke records. And in november, U.S. auto sales rose 3.7% compared with a year ago. Wage growth, consumer confidence, and cheap gas have all contributed […]

  Open enrollment is back again. What do people need to know?  We do talk about it every year because it is really important. This is the one time of year when people are able to make changes to their healthcare coverage and more. If you are covered through Medicare, the open enrollment period started […]

What should we be thinking about if we are impacted by a natural disaster? As we watch the remnants of Hurricane Matthew swirl off the Atlantic Coast, I was thinking of those who were impacted by Katrina, and Sandy, and other events that have impacted great numbers of people in our country. Thankfully, Matthew does not […]

There is good news about wages out of the Census Bureau this past week. Mellody: On Tuesday, we learned that after a slow and steady recovery in the wake of the great recession, 2015 was a breakout year for American wages. Last year, median household income grew to $56,500, up 5.2 percent from the previous year. That […]

You have an interesting topic on tap for us this morning: lotteries. Mellody: We are indeed talking about lotteries this morning, but not in a good way. You may have noticed that lately it seems like the major multi-state lottery jackpots have been getting larger and larger, with more frequency. And you would be right! […]

There is recent news about the Affordable Care Act that another private insurance company is pulling out of some exchanges. Can you start by telling us a little about that? Mellody: Aetna announced this week that it was withdrawing from the Obamacare exchanges in 11 of the 15 states it had been doing business – […]

What’s going on in the stock market this week?  Last week, we saw the Dow break through the previous ceiling that was set in may of 2015, closing at 18,516 on Friday. And remember, this happened in the seventh year of this bull market, the second longest bull market in history! What pushed the markets […]

What is multigenerational living and how does it impact us financially?  When we hear the term multigenerational living, all it means is more than one generation of adults in a family living under one roof. Now, as everyone gets ready to celebrate the Fourth with friends and family, some of our listeners might think to […]

What do we need to know about the shocking development of Britain leaving the European Union? Mellody: This is a historic event and it will have broad economic and political consequences in the UK, Europe and here in the United States. First, a little background on the subject. To deal with political pressures ahead of […]