Reckless behavior with money can be a warning sign of cognitive decline — and the condition can put people at risk of financial ruin. There are few institutional safeguards in place.
A grassroots wealth redistribution effort in Portland, Ore., helps white homeowners purposefully sell their homes at well under market value. It links Black and Indigenous buyers with these sellers.
Backstopping the deposits at two failed banks cost the government billions. The FDIC has a plan to recover that money through a special charge, most of which would be paid by the U.S.'s biggest banks.
Annual inflation fell to 4.9% in April — the lowest it's been in two years — but prices are still climbing. A spike in used car prices contributed to last month's jump in the cost-of-living index.