September 20th, 2013
02:42 PM ET

Me-OW! It's Money Time

Bill Gates and Mark Zuckerberg are already billionaires, but with a new endorsement deal under her collar, could Tardar Sauce the Grumpy Cat soon be joining their ranks? Christine Romans turns frowns upside down in this week’s Money Time.

September 20th, 2013
02:34 PM ET

Taper tantrum

Everyone was expecting a pullback, but Fed Chairman Ben Bernanke had other plans. Christine Romans explains how the taper has affected your retirement, your mortgage, and your job.

Filed under: Christine Romans • Economy • Federal Reserve • Your Money
September 20th, 2013
02:23 PM ET

The Score: $1 tickets & a stellar son

The Browns might have the cheapest tickets in football, but that's nothing compared to $1 Red Sox tickets. And what one rising star is doing with his money (hint-it made his mother cry). Christine Romans has The Score.

Filed under: Christine Romans • The Score • Your Money
September 20th, 2013
02:22 PM ET

Government shutdown: déjà vu or D-Day

Once again, the country is teetering on the edge of government shutdown. Lack of compromise in Washington has put us here before. Christine Romans looks back to the shutdown of 1995 to see what the worst case scenario would be like today.

Why you aren't making it in America
September 18th, 2013
09:37 AM ET

Why you aren't making it in America

By Laurie Frankel
We learned on Tuesday that 15% of Americans are living in poverty - 46.5 million Americans. What those statistics don't tell us is how many Americans living above the poverty line are barely surviving in this economy. That's what ALICE is all about.
Who is ALICE? Do you know her? You probably encounter her everyday, even if you don't know it.
ALICE is an acronym for Asset Limited, Income Constrained, Employed. ALICE households have jobs. They pay taxes. They are everyday Americans struggling to make it an economy that, four years into the recovery, is still very shaky.
Christine Romans, host of CNN's Your Money, recently delivered the keynote address at a Rutgers University conference dedicated to building resilience for ALICE households.
During the half-day event, leaders from academia, business, government, labor, and nonprofits came together to discuss the 1.1 million New Jersey residents struggling to make ends meet.
That number, 1.1 million, comes from the ALICE project, a comprehensive research study released last year by the United Way of Northern New Jersey and a Rutgers University professor.
It finds there are 769,900 ALICE households in New Jersey. Those are households with income above the federal poverty level but below the basic cost-of-living threshold in an expensive state. Add in the 312,762 households that are below the national poverty line, and you arrive at 1.1 million households struggling to afford housing, child care, food, health care, and transportation. That's 34% of the state's population or one in three households. New Jersey is a high cost-of-living state - the 4th most expensive in the nation, according to the Bureau of Economic Analysis. That's one reason why so many residents are struggling to afford basic necessities. Another reason, one that we've talked about a great deal on "Your Money," is the explosion of low-wage jobs. According to the ALICE study, more than half of all jobs in New Jersey pay less than $20 an hour. These jobs, including cashiers, health care workers, bank tellers, insurance clerks, teaching assistants, and security guards, are projected to grow at double or triple the rate of medium and high-skilled jobs in the state over the next decade. There are no easy solutions for ALICE: education, financial literacy, improved access to government and non-profit services– all of these were discussed at the conference. But the single biggest factor that will help ALICE households achieve stability is better-paying jobs. And right now the U.S. economy is failing to provide them. According to the National Employment Law Project, 58% of job growth during the recovery has been in low-wage occupations. If the trend is not reversed, it's not just ALICE who will suffer, there are consequences for every American when ALICE can't get by.

Filed under: Christine Romans • Economy • Your Money
September 13th, 2013
05:34 PM ET

The exceptional case for action

American politicians often call the U.S. an exceptional country.  But when it comes to action in Syria, does America really want to stand out from the rest of the world?  Russian President Vladimir Putin says no and calls American exceptionalism dangerous. Christine Romans asks how special we really are.

September 13th, 2013
05:07 PM ET

It's Time...Money Time

Workers at Victoria's Secret have fought for higher wages. And speaking of fights and women's underwear...James Bond seems to have forgotten his submarine car in a storage locker in Long Island. Agent Romans serves your weekly dose of Money Time, shaken, not stirred.

September 13th, 2013
04:11 PM ET

Unlocking the new iPhone

Reactions to the new iPhone 5C and 5S have been mixed, but the fingerprint sensor has grabbed everyone's attention. Christine Romans talks to Zain Asher about how secure the new gadget will be.

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Filed under: Christine Romans • Tech • Your Money • Zain Asher
September 13th, 2013
02:57 PM ET

The Score: beers, bucks, and boxing

It's football season, which means fans will be sacked with $100 tickets and $9 beers.  But that's pee-wee compared to what Floyd Mayweather is bringing home.  Christine Romans knocks out the numbers.

Filed under: Christine Romans • The Score • Your Money
September 13th, 2013
01:50 PM ET

Five years after the fall: are we safer?

Five years ago banks were failing. Congress bailed them out, and set up measures to prevent round two. Christine Romans asks: is your money really any safer today?

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