Saving for retirment is more important that your kids’ education.

The government-controlled bank’s lastest statement reiterates its determination to hold short-term interest rates at their record lows for “an extended period.”

A new study out of the National Bureau of Economic Research shows what a train wreck do-it-yourself retirement is going to be.
Its survey of 1,500 Americans conducted during the summer of 2009 shows that many of us aren’t even saving for everyday emergencies, much less retirement.

Consumers are about to get socked again.
And it’s all in the name of financial industry reform.
You know, the legislation supposedly meant to protect us from the nonsense that drove us into the Great Recession.

Should I really have to pay a $25 annual fee to participate in a debit card rewards program that Chase says it plans to terminate in July?
That’s exactly what happened last month when the bank swiped money from my checking account for the Ultimate Rewards annual fee.

Next time you go to Steak ‘n Shake, bring cash.
And use it, or you could be shortchanging your server by indirectly putting their tips into the credit card companies’ pockets.
Steak ‘n Shake has begun deducting 2.5% of all tips charged to credit cards from servers’ paychecks, according to television station WRTV in Indianapolis. [...]

Well, that didn’t last long. And for good reason.
Chase this week said it would scrap the $5 ATM fee it had charged nonbank customers at some of their ATMs in Illinois and Texas.
The $5 ATM fees were widely lambasted when the bank announced the test earlier this year. We said then that it was [...]

Wells Fargo is subtly pushing strapped homeowners into the most expensive kind of credit card transaction out there — a cash advance.
With a simple click of a mouse, you could pay your mortgage with your credit card. Only Wells Fargo won’t let you make a typical transaction in this case.
The bank instead offers [...]

One child’s bedroom set: $1,300.
Having our check declined in front of everyone at Babies “R” Us: totally humiliating.
This is exactly what happened to me and my wife last weekend.
We have perfect credit, money in the bank, have never bounced a check or been late on a payment. And we had well more than enough money [...]