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Study: Lower-Income Earners May Fare Better after Knee Replacement Surgery

Study: Lower-Income Earners May Fare Better after Knee Replacement SurgeryJupiterimages/Thinkstock(NEW YORK) -- U.S. researchers say that people who earn $35,000 or less annually may have better outcomes after knee replacement surgery than those who earn more money, Health Day reports. The findings are based on data collecte...

Morgan Stanley CEO Says Banking Industry Is ‘Overpaid’

Morgan Stanley CEO Says Banking Industry Is ‘Overpaid’Scott Eells/Bloomberg via Getty Images(NEW YORK) -- Morgan Stanley CEO James Gorman has folks in the banking sector buzzing with his comments that the industry is "still overpaid.""There's way too much capacity and compensation is way too high," Gorman...

401(k) Fees May Cut 30 Percent from Retirement Balance

401(k) Fees May Cut 30 Percent from Retirement BalanceiStockphoto/Thinkstock(NEW YORK) -- American workers who don’t think twice about their employer-sponsored 401(k) plans may be surprised to learn that fees can cut their retirement savings by 30 percent over a lifetime.A household with two people ...

Want More Money? Move to the Mid-Atlantic or New England

Want More Money? Move to the Mid-Atlantic or New EnglandNick M Do/Getty Images(NEW YORK) -- Want to get richer during your lifetime? Live in New York, New Jersey or Maryland, according to a groundbreaking study released Thursday by the Pew Center on the States. People living in the Mid-Atlantic and New Engl...

Number of Ph.Ds on Public Aid Triples in US

Number of Ph.Ds on Public Aid Triples in USiStockphoto/Thinkstock(NEW YORK) -- The life of an academic who pays hundreds of thousands of dollars in tuition and lives off stipends and scholarships is becoming more financially treacherous. A skyrocketing number of Americans with Ph.Ds say they ar...

Americans Earning a Bit More, But Spending Cautiously

Americans Earning a Bit More, But Spending CautiouslyComstock/Thinkstock(NEW YORK) -- Monday’s income and outlays report from the Bureau of Economic Analysis is about as expected, with not much good news but no major bad news. American incomes increased 0.4 percent, according to the report. If...

Romney Failed to Disclose Swiss Bank Account Income

Romney Failed to Disclose Swiss Bank Account IncomeABC News (BOSTON) -- Mitt Romney's campaign is amending the financial disclosure form he filed in 2011 to acknowledge that a Romney trust earned interest income from a Swiss bank account, a detail that had been missing from the report."An amendment is ...

Romney Parks Millions in Cayman Islands

Romney Parks Millions in Cayman IslandsJoe Raedle/Getty Images(BOSTON) -- Although it is not apparent on his financial disclosure form, Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.A spokesperson...

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