Jeffrey Gundlach on Thursday struck a pessimistic tone, saying there was a 75% chance of a recession before the next election as he warned the corporate bond market was a crisis waiting to happen. See full story.
These are the worst tippers in America
A new study says some people are Grinches when it comes to adding that 20%. Do you fit that bill? See full story.
Millennials are resorting to this questionable tactic to buy their first homes
Home buyers in their 20s and 30s are ‘having to be very creative’ to come up with down payment money. See full story.
Monk who broke vow of poverty to become money manager now says, ‘God wants you to be a little wealthy’
And how he reconciles that with Bible quotes like: “‘Blessed are you who are poor, for yours is the kingdom of God.” See full story.
This budget shows how a $350,000 salary barely qualifies as middle class
Most Americans would probably have a hard time wrapping their heads around a $350,000 salary. The thing is, that kind of income, while relatively huge, is barely enough, according to Financial Samurai blogger Sam Dogen, for a family to lead a comfortable life in coastal counties — where almost half of the nation’s population calls home. See full story.
Thursday’s top personal finance stories See full story.