Lisa Scherzer


    Lisa Scherzer is an editor at Yahoo Finance, with a focus on personal finance.

  • Restaurants 'have no choice' but to raise wages even more, strategist says

    As restaurants struggle to fill jobs, they're raising employee wages — and prices.

  • Derek Chauvin verdict sparks response from corporate America: 'Radical changes' still needed

    Companies respond to the guilty verdicts against former Minneapolis police officer Derek Chauvin.

  • AOC, Bernie Sanders introduce plan to cap credit card rates, blast 'loan-sharking'

    Democrats Bernie Sanders and Alexandria Ocasio-Cortez introduced on Thursday a plan to rein in the profit banks can collect from consumers, proposing to cap credit card interest rates at 15%.

  • 11 Warren Buffett quotes that'll make you a smarter investor

    Warren Buffett's investing principles are simple and surprisingly accessible.

  • Warren Buffett: Good habits may be more important than IQ

    Everyone knows how important it is to develop good habits. Warren Buffett says it might even be more important than being smart.

  • Confessions of a divorce lawyer

    A divorce lawyer shares some of the biggest mistakes couples make in the divorce process, and advice on making it a little smoother.

  • Tax season has begun: What you need to know

    Monday, Jan. 29 is the official start of tax season. Here's what you need to know.

  • Republicans, men, credit card users are the best tippers

    The most generous tippers are men, Republicans, Northeasterners and credit and debit card users, according to a new survey.

  • More Americans are doing work at home

    The share of American workers doing some or all of their work at home grew from 19% in 2003 to 22% in 2016, according to a new report from the Bureau of Labor Statistics.

  • Women investors outperformed men in 2016

    Women overall performed better on their investments last year, according to a new Fidelity study, which also found that despite their success, women lack confidence their investing abilities.

  • Big medical expenses hit women harder than men, study finds

    A new report finds that the financial distress brought on by exorbitant medical costs hurts women more than men.

  • 12 Warren Buffett quotes that'll make you smarter about your money

    We’ve gathered a collection of Warren Buffett’s quotes and advice, from his shareholder letters, interviews and talks.

  • The best day of the week to buy gas

    With gas prices on the rise in the US, there are ways drivers can still save when fueling up. A new study from GasBuddy found which day of the week is cheapest – and most expensive – to buy gas.

  • 4 tips for investors who are nervous about the stock market

    The Dow closed at a record high on Wednesday after notching gains for 9 straight sessions. The broad market benchmark (^DJI) is up nearly 12% since Donald Trump was elected president, and about 5% in the past month. Considering these summits and the 8-year-old bull market, ordinary investors might reasonably be nervous and asking themselves — as they tend to also do when there’s outsize volatility in the market — whether they should make any moves now in anticipation of an imminent drop.

  • The IRS struck its first blow against Obamacare mandate

    In what looks to be the first real blow to Obamacare before its inevitable death, the IRS is following President Donald Trump’s directive to ease up on the Affordable Care Act’s requirement that everyone have health care or pay a penalty. The ACA requires most people to have health coverage, and to indicate whether they did by filling out line 61 of their 1040 forms when they file taxes. Following the president’s executive order last month which directed federal agencies to exercise authority and discretion available to them to reduce potential burden,” the IRS said in a statement to Yahoo Finance, it will allow electronic and paper tax returns to be accepted for processing in cases where a taxpayer doesn’t indicate their coverage status.

  • Shortage of starter homes signals pain for first-time buyers

    There’s a widening gap between real estate listings and searches that underscores the difficulty homebuyers face in finding the right house at the right price, according to Trulia’s latest research published Wednesday. In the fourth quarter of 2016, the average “market mismatch score” across the starter, trade-up, and premium home price tiers rose 1.8 percentage points to 7.4 percentage points. Starter homes are defined as the bottom third of the market based on home values, followed by trade-up homes as the middle third, and premium homes as the upper third.

  • Tax refund delay means 'a pothole in consumer spending'

    Thanks to IRS efforts to prevent fraud, tax refunds will be delayed for households claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) until the week of Feb. 27. The federal government distributes around $275 billion each year in individual income tax refunds between January and May. And in recent years these refunds have come earlier in the tax season, Goldman says, with a large chunk of refunds paid over the course of a few weeks in February and early March. This year, though, refunds will be sent out later — tax refunds received by those 25 million-30 million American households constitute about 20% to 25% of the dollar value of all refunds.

  • This will be the slowest day of the holiday shopping season

    Iconic images of the holiday season include: lit-up Christmas trees, Santas on the corner, blockbusters at the movie theater, and hellishly crowded stores. For diligent consumers who like to plan out their shopping schedules to not only score big discounts but to also avoid the worst crowds, take note: The slowest shopping day of the season will likely be Tuesday, Nov. 29.

  • Your money under President Trump

    President-elect Donald Trump’s election win hinged, to a large extent, on his economic promises. In a speech in October in Ohio, Trump addressed the high costs of college, in perhaps the most elaborate comments he has made about higher education during the campaign. In it now President-elect Trump said “we will lower the cost of college and solve the student loan crisis.” Americans owe nearly $1.3 trillion in student loan debt — a figure he cited — spread out among about 44 million borrowers.

  • People are refinancing their mortgages like crazy

    Mortgage rates have fallen even further and you can thank Brexit. The 30-year fixed-rate mortgage followed Treasury yields lower, falling 7 basis points to 3.41% this week, according to Freddie Mac. “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” said Sean Becketti, chief economist at Freddie Mac.