Personal finance advice doesn't work for most Americans, economists say
Personal finance is too complex for most people to navigate, two economists contend in a new book. Is there a better way to help people deal with money?
Watch CBS News
Personal finance is too complex for most people to navigate, two economists contend in a new book. Is there a better way to help people deal with money?
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
"Prices, prices, prices," that's what shopper Julie Jones said brings her shopping on Thanksgiving.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Jim DeFede investigates the millions of dollars in state funding cuts for meal programs across South Florida.
The Downtown Development Authority, Flagler Business Improvement District and the City of Miami designed a five-phase plan to turn Miami's oldest street into a brick, curbless, festival-style space capable of hosting large outdoor events. However, delays hounded the project.
The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.
Although inflation has eased, many Americans say they still feel squeezed financially. Here are five areas where households are feeling the pinch.
Nearly 40,000 Americans in 21 states received an impending layoff notice last month, new data from the Federal Reserve Bank of Cleveland shows.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
Employers have slashed nearly 1.1 million jobs through October this year, up 65% from a year ago, new labor data shows.
A trend that started in the technology sector is spreading to other industries, with businesses cutting workers even as their profits expand.
President Trump will speak to a forum of business leaders and global athletes about what he sees as his economic achievements.
According to the Unidos Bipartisan Poll of Hispanic Voters: The Road to 2026, 53% of Latino voters cite the cost of living and inflation as their leading concern.
Jim DeFede sits down with Florida Chief Financial Officer Blaise Ingoglia for an in-depth interview about the state's review of spending across several counties.
"I'm wondering how I'm going to be able to afford everything" if federal food aid is halted, one single mom said.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Economic sentiment dipped for the third month in a row, according to a closely watched gauge on consumer confidence.
With the industry hammered by hurricane damage and citrus greening disease, the overall harvest during the 2024-2025 season was the lowest in more than 100 years.
A September outlook report from the United States Agriculture Department estimates that wholesale prices for frozen turkeys will be $1.32 per pound this year, a 40% increase from 2024's average of $0.94 per pound.
Investigators say criminals are able to intercept goods along the supply chain by impersonating real companies.
Six in 10 employees say their jobs are falling short on issues including pay, scheduling and career advancement, a new analysis finds.
Police say Lucianny Lizbeth Luna attacked her 12-year-old son after he interrupted a phone call with a man he believed she was cheating with.
It took crews hours to remove the SUV from the middle of the store.
The Coast Guard says crews offloaded 3,825 pounds of cocaine worth more than $28.7 million in Miami Beach after Pacific interdictions.
According to information provided by the Miami Police Department, 22-year-old Jamesly Mezime was arrested Thursday afternoon.
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
Police say Lucianny Lizbeth Luna attacked her 12-year-old son after he interrupted a phone call with a man he believed she was cheating with.
It took crews hours to remove the SUV from the middle of the store.
The Coast Guard says crews offloaded 3,825 pounds of cocaine worth more than $28.7 million in Miami Beach after Pacific interdictions.
According to information provided by the Miami Police Department, 22-year-old Jamesly Mezime was arrested Thursday afternoon.
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Cameron Hamilton was acting leader of FEMA last year and was ousted after telling Congress that the agency should not be eliminated.
The House OK'd a short-term renewal of a controversial surveillance program used by U.S. spy agencies, after Republicans revolted and refused President Trump's push for a longer extension.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight back.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Emily Gregory describes the days following her upset victory in Tuesday's special election as "a little overwhelming, surreal, but exciting."
The Miami Center for Mental Health and Recovery, located at 2200 NW 7th Avenue, would be a first-of-its-kind facility that could make a difference in the lives of countless people.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.