Economy

Being denied credit is never fun, and for one 99-year-old woman, it was especially disheartening. She was turned down for a store credit card because of her age — but as it turns out, it was all a big misunderstanding.

Just a few months ago, analysts were worried gas prices would soar this summer, possibly topping $6 a gallon. But now that the warmer months are upon us, there’s been an abrupt about-face. In fact, fuel prices are now falling so steadily that many experts predict that by this fall, a gallon of gas will be under $3.

Most kids eagerly await the day when they get to move out on their own to either go to college or simply join the workforce and live by their own rules. However, sometimes things do not work out quite like junior thought he might – giving him no option but to move back home to live with mommy and daddy.

While gas prices may be coming in a little bit after a four-month surge, they still stand at almost four dollars a gallon. According to a new survey from Harris Interactive of 2,451 adults, these unprecedentedly high prices are causing Americans to change their overall spending habits.

The US economy may be improving, but on a personal level, things aren’t always quite so rosy. In fact, a new report says more than half of Americans are still struggling just to buy necessities.

Just about everyone was hit hard by the bad economy and had to change their lifestyles in at least some small way. Now that we’re all attempting to regain our footing, there’s actually one group of people having a harder time doing so than everyone else.

If you’re so happy with your bank, wireless provider and pay TV service that you didn’t switch providers last year, a new study says you’re in the minority.

As consumers, we’re all used to being nickel-and-dimed to death with fees — from charges for checking a bag when we fly to charges to pay a bill online, we see them every day. They may be small, but they add up. And some were even more egregious than others in 2011.

If you’re a regular shopper at Kmart or Sears, you may soon have fewer places to spend your money — parent company Sears Holdings has said that in light of decreased holiday sales, it’ll close at least 100 stores in the coming months.

Since a new survey shows more than a third of Americans have already finished their holiday buying, analysts say retailers need to cut prices to the bone if they want people to keep shopping.

Proposed cuts to services from the US Postal Service will save the cash-strapped organization some much-needed funds, but the public may not like the outcome.

A lot of families don’t have to go over the river and through the woods to get to grandmother’s house for the holidays this year. More and more families are living in grandmother’s house, and getting closer because of it. Many cultures support a tradition of multigenerational families living in one home, but it has been decades since the US was one of them. Now, because of the current nature of th