pew report

Customers Still Baffled by Overdraft Fees

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsCustomers who say they don’t recall authorizing their bank to provide overdraft protection on their checking accounts are getting hit with overdraft fees totaling $90 or more, according to a new report. It’s been four years since federal rules took effect that required banks to ask customers to opt in if they wanted overdraft protection on the debit cards tied to their checking accounts. The rules were supposed to make it easier for customers to understand when banks could charge them fees …

Now Hear This: Record Number of Moms Outearning Dads

Posted on 05/29/2013 by |Money and Work | Comments

Bulletin Today | WorkThe era in which Dad was the big breadwinner seems to be fading fast. According to a new report, a record number of moms are either the sole or the primary source of income in 40 percent of U.S. households with kids under the age of 18. A majority of those women — fully 63 percent — are single moms, while 37 percent are married. But here’s what’s quite interesting: Younger married moms are outearning their husbands much more than …