How Tesla caused home prices to soar in this Nevada town


Here is the latest Personal Finance News from CNN Money.

How Tesla caused home prices to soar in this Nevada town
Tesla started building its massive Gigafactory in June 2014. Since then, home prices in the nearby market have risen faster than the national average.

States face a $1 trillion pension shortfall
Just 15 states are paying enough into their public pension funds to both pay promised benefits to retirees and pay down pension debt.

Cash exodus from these money market funds
An impending October rule change by the Securities and Exchange Commission ? a reform that stems from the 2008 financial crisis ? is spurring a mass exodus from some of these funds.

Uber tests program to help drivers save for retirement
On Wednesday, Uber unveiled a pilot program in four locations to partner with investment app Betterment to help Uber drivers save for retirement.

The problem with putting all your retirement savings in stocks
Rather than embarking on an extreme investing strategy, create a comprehensive retirement income plan.

The government is buying $20 million in surplus cheese
The government plans to buy 11 million pounds of cheese to help with the dairy surplus and help feed needy families.

Choices dwindling for Obamacare customers
Obamacare customers will likely have fewer choices of insurers on the exchanges next year.

Wells Fargo to pay $4 million for illegal student loan fees
Wells Fargo charged some student borrowers illegal fees, according to the Consumer Financial Protection Bureau. Affected customers will receive refunds.

The rich beat others on investments too
Limiting their exposure to single stocks, the wealthy see better returns

Tourists are flocking to these places to avoid terrorism risks
Spain, Portugal, Italy and other sunny European nations have seen a big boost in tourist numbers this year as nervous travelers avoid places targeted by terrorists.

Mike Pence borrowed upwards of $280,000 to pay for college
The Republican vice presidential candidate has three kids and between $95,000 and $280,000 in Parent PLUS Loans.

Employees sue Morgan Stanley over 401(k) plans
Morgan Stanley was hit with a class action lawsuit Friday, filed on behalf of 60,000 workers claiming the company mismanaged their retirement plans by offering poorly performing funds and charging excessive fees.

The richest 10% hold 76% of the wealth
The top 10% of households saw their share of total family wealth jump from two-thirds to three-quarters between 1989 and 2013, a new report finds. Everyone else saw their slice of the pie shrink.

Most Louisiana flood victims probably aren’t insured
This historic flooding in Louisiana has hit areas outside of designated flood zones, which means many homeowners don’t have flood insurance.

Grads from these colleges have the most debt
About 60% of the Class of 2015 graduated with student debt. On average, they left with $28,400 in student loans — but at these colleges, it was a lot more.

How Hillary Clinton would expand Social Security
Many Democrats have been calling for an expansion of Social Security benefits. Hillary Clinton has specifically backed expanding benefits for surviving spouses and unpaid caregivers.

Couples are saying ‘I do’ on Thursdays
A small but growing number of couples are saying “I do” to Thursday weddings, which can bring considerable savings compared to more traditional weekend dates.

Walmart deal makes overnight millionaire even richer
Contest winner Eric Martin of York, Pennsylvania, is in line for a massive payday following Walmart’s purchase of for $3.3 billion.

Check out Delta’s new all-suite business class
Each suite in the new all-suite Delta One business class comes with a full-height sliding door and flat bed seats. The new cabin will debut in Fall 207.

The easiest way to invest your retirement savings
Target-date funds are one of the most popular choices among retirement savers.

Don’t be fooled by student debt relief scams
You never have to pay for student loan help. If you’re eligible, your government loan servicing company will offer you lower monthly payments or debt forgiveness of your federal student loans for free.

How we saved $40,000 to travel the world for a year…and never came back
Have dreams of quitting your job and traveling the world for a year? Here’s how to get your budget ready.

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