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Feb 14, 2024
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cbs's nancy chen has tips to help you save. >> reporter: with two master's degrees, raquel perry has always prioritized education, and she has the bills to prove it. >> how much do you owe? >> $307,000. >> when you see that amount written out, what do you think? >> how am i ever going to pay this back? >> reporter: the 30-year-old mother teaches financial literacy to high schoolers in harrisburg, pennsylvania. but when it comes to supporting her family, the numbers don't add up. >> if i pay this $500, $600, $700 a month, how am i going to afford to buy fooder to the family for the month, for the week. >> reporter: perry avoided her payments along with 40% of borrowers after bills resumed last fall following the pause for the pandemic. but interest is still building. >> what are the consequences or risks in not addressing this issue? >> if the loan ends up defaulting, it's going to be a big hit on your credit. future debt that you need to take on, a mortgage, a credit card, a car loan, is likely going to have a much higher interest rate. >> reporter: while everyone's situation is diff
cbs's nancy chen has tips to help you save. >> reporter: with two master's degrees, raquel perry has always prioritized education, and she has the bills to prove it. >> how much do you owe? >> $307,000. >> when you see that amount written out, what do you think? >> how am i ever going to pay this back? >> reporter: the 30-year-old mother teaches financial literacy to high schoolers in harrisburg, pennsylvania. but when it comes to supporting her family, the...
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Feb 1, 2024
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in tonight "money watch," nancy chen takes a look at the skyrocketing cost of rent. >> reporter: matt to finally getting a place of his own when he started searching for a apartment in providence, rhode island. what was your reaction? >> disappointment. living by myself was going to be financially in reach and to find it was going to continue to be a budget stretch. >> reporter: even at prestigious brown university, the 33-year-old ended up settling for a studio apartment. >> to be in my 30s working a professional job and have the ability to afford a one-bedroom apartment doesn't feel like i'm begging for largesse here, and yet it also feels so unattainable. >> reporter: while rent has been easing for the past few months nationwide, prices are still up roughly 24% since before the pandemic, in part because of inflation. driven by remote work, providence has seen one of the highest rent increases in the country. here you need a salary of nearly $83,000 to afford a two-bedroom apartment. has it ever been this bad? >> not that i can remember. >> reporter: state representative sherrie cru
in tonight "money watch," nancy chen takes a look at the skyrocketing cost of rent. >> reporter: matt to finally getting a place of his own when he started searching for a apartment in providence, rhode island. what was your reaction? >> disappointment. living by myself was going to be financially in reach and to find it was going to continue to be a budget stretch. >> reporter: even at prestigious brown university, the 33-year-old ended up settling for a studio...
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Feb 14, 2024
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nancy chen, cbs news, harrisburg, pennsylvania. >> norah: turning now to the migrant crisis impactingmerican cities, about 40,000 asylum-seekers have been bused to denver, colorado, over the last year. that is more per capita than anywhere in the nation. the city is spending millions of dollars every week to house, feed, and educate them. cbs's omar villafranca goes "in depth" to show us how one place has become a safe haven for hundreds. >> reporter: yong prince wakes up early every morning, making breakfast for the hundreds of people staying at her packed denver motel. >> i don't want people to go work for empty stomach. >> reporter: but this motel is different. the rooms are free. and the guests are all migrants. mainly from venezuela. >> i financially ready to do this kind of job. >> reporter: you wanted to help? >> yeah. >> reporter: this motel is closed, but it is full of people. and residents tell me that there are sometimes eight people per room, sometimes a dozen, and during the busiest times, more than 25 people per room. 25-year-old carlos took us into the crowded room that
nancy chen, cbs news, harrisburg, pennsylvania. >> norah: turning now to the migrant crisis impactingmerican cities, about 40,000 asylum-seekers have been bused to denver, colorado, over the last year. that is more per capita than anywhere in the nation. the city is spending millions of dollars every week to house, feed, and educate them. cbs's omar villafranca goes "in depth" to show us how one place has become a safe haven for hundreds. >> reporter: yong prince wakes up...
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Feb 1, 2024
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in tonight's "money watch," cbs's nancy chen takes a look at the skyrocketing cost of rent. >> reporteras looking forward to finally getting a place of his own, when he started searching for an apartment in providence, rhode island. what was your reaction? >> disappointment. i sort of felt like i was working to a point when living by myself was going to be financially within reach, and then just sort of find that it was going to continue to be a budget stretch. >> reporter: even with a position at prestigious brown university, the 33-year-old ended up settling for a studio apartment. >> to be in my 30s, working a professional job, and have the ability to afford a one-bedroom apartment, it doesn't feel like i'm begging for largess here, and yet it also feels so on unattainable. >> reporter: while rent has been easing for the past few months nationwide, prices are still up roughly 24% since before the pandemic, in part because of inflation. driven by remote work, providence has seen one of the highest rent increases in the country. here, you need a salary of nearly $83,000 to afford a two
in tonight's "money watch," cbs's nancy chen takes a look at the skyrocketing cost of rent. >> reporteras looking forward to finally getting a place of his own, when he started searching for an apartment in providence, rhode island. what was your reaction? >> disappointment. i sort of felt like i was working to a point when living by myself was going to be financially within reach, and then just sort of find that it was going to continue to be a budget stretch. >>...
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Feb 28, 2024
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nancy chen with reaction from eagles cofounder dawn henley. >> eagles cofounder don henley taking his to the courtroom as a key witness monday he says he was appalled when handwritten notes from the ban making of the hotel california album appeared at auctions in 2012 and then telling the court it was not something that was for public viewing. that was the process, something very personal and private. his testimony as part of the manhattan district attorney criminal case against three men who prosecutors claim knowingly conspired to sell about 100 pages of stolen notes and lyric sheets for hits like the title track and life in the fast lane. the defendants have all pleaded not guilty, defense lawyers say that henley would willingly gave the documents which were later sold to the defendants. henley denied that testifying he gave the author access to the pages, but not permanent possession. >> how do you go about proving this situation? >> the jury has to figure out who they believe. the defense will try to put enough doubt into whether or not defendants would've known this was allegedl
nancy chen with reaction from eagles cofounder dawn henley. >> eagles cofounder don henley taking his to the courtroom as a key witness monday he says he was appalled when handwritten notes from the ban making of the hotel california album appeared at auctions in 2012 and then telling the court it was not something that was for public viewing. that was the process, something very personal and private. his testimony as part of the manhattan district attorney criminal case against three men...
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Feb 7, 2024
02/24
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nancy chen, cbs news, providence, rhode island. >>> and that's the overnight news for this wednesday.ash." i'm shanelle kaul in new york. cbs news projects joe biden has won the democratic primary in nevada. on the republican side, an option labeled none of these candidates is projected to receive the most votes ahead of nikki haley. nevada's state gop will award its delegates through caucuses on thursday. >>> the house has narrowly rejected a bid to impeach homeland security secretary alejandro mayorkas. house republicans unveiled impeachment charges against him on sunday tied to the biden administration's handling of the southern border. >>> and mariah carey is headed to las vegas for an eight-show residency at the park mgm this april. it will honor her 2005 album "the emancipation of mimi." >>> for more, download the cbs connected tv. i'm shanelle kaul, cbs news, new york. >>> we find the defendant guilty of involuntary manslaughter. >> the unanimous, unprecedented verdict. >> responsibility is for the parents. you brought him into the world, and it's your responsibility to take ca
nancy chen, cbs news, providence, rhode island. >>> and that's the overnight news for this wednesday.ash." i'm shanelle kaul in new york. cbs news projects joe biden has won the democratic primary in nevada. on the republican side, an option labeled none of these candidates is projected to receive the most votes ahead of nikki haley. nevada's state gop will award its delegates through caucuses on thursday. >>> the house has narrowly rejected a bid to impeach homeland...