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When my mother died without a will, I learned a big lesson about money management as an African American

Angie Chatman •
Business Insider
Portrait Of Stylish Young Woman Smiling

The most valuable of my mother’s assets was her home — a modest, 1,225 square-foot bungalow on Chicago’s south side with three bedrooms, a single bath, a large backyard, and a one-car garage. My mother bought the house in 1986 for $55,000, the equivalent of $123,000 today. She paid off the mortgage in 2011, which

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Change in FICO formula may ding your score

By Steve Rosen •
CNET
Stacked credit cards

A new hurdle awaits many younger consumers who already find it challenging to build a credit history and become good borrowing risks. It’s called FICO Score 10 Suite, an update to the credit scoring algorithms created by Fair Isaac Corp. that are widely used by credit card issuers and other lenders. It is scheduled to

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2 out of 3 people are not prepared for the next economic recession, according to a new study

Frank Olito •
Business Insider
2 out of 3 people are not prepared for the next economic recession, according to a new study. Here's how you can get ready.

The Harvard Business School Online and City Square Associates surveyed 1,000 people to determine how prepared people are for a potential recession. Turns out, two out of every three people surveyed reported they are not prepared.  Business Insider spoke with Patrick Mullane, the executive director of Harvard Business School Online, about what people could do

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