A reverse Robin Hood dynamic is playing out in the world of personal finance, with the mistakes of the poor lowering costs for the rich. Economists John Y. Campbell and Tarun Ramadorai aim to call ...

Harvard economist reveals how America's personal finance system transfers wealth from poor to rich through credit card fees ...

Have you ever experienced having unpaid bills, mounting debt, or lost savings? Ever wondered why some people seem to have their financial lives together while others do not? There are many reasons, ...

Two economists explain why the personal finance system is rigged against ordinary people and what regulators should do to fix ...

Like many people, your columnist spends a lot of time looking forward to the Saturday following his payday. How could he not? It is the most exciting one of the whole month: time to update the ...

Americans typically score poorly in financial literacy tests. Yet they're on their own when it comes to making major financial decisions, from funding their retirement to buying a home, two economists ...

Overview: AI-powered credit scoring uses advanced data analysis and machine learning to assess borrower risk more accurately than traditional models.Modern loan ...

Before web-based banking, I was a fanatic about tracking my spending. Although web-based banking is simpler than manually keeping detailed financial records, it's still not always ideal. Also: This ...

Harvard economist reveals how America's personal finance system transfers wealth from poor to rich through credit card fees and confusing products. Student loans will look different in 2026. Here's ...