Chris Farrell

Columnist
Your Money
Chris Farrell is economics editor for American Public Media's weekly "Marketplace Money" show and author of "The New Frugality." He answers reader questions on most Sundays. Send questions to cfarrell@mpr.org and put "Your Money" in the subject line.

Latest from Chris Farrell

Is Trump’s 50-year mortgage the answer to U.S. housing affordability?

With the dream of home ownership out of reach for many Americans, President Donald Trump has floated the idea of a longer mortgage than the usual 30-year fixed-rate one.
November 29, 2025
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Isometric small house and green dollar sign on weight scales. Balance, price, real estate and home concept.

Farrell: Take a lesson from Warren Buffett and live like you want your obituary to read

Have confidence that you have something to offer, and be curious.
November 22, 2025
FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha.

Access to employer-sponsored plans has helped retirement readiness

Nearly half of Gen Z workers aged 24 to 28 are on track to be financially ready for retirement, compared to 40% of baby boomers between ages 61 and 65.
November 15, 2025
FILE -- Glenn and LouJean Nelson hold hands in Tallahassee, Fla., May 26, 2018. There are steps retirees can take to lengthen the life of their savings, such as mindful spending, when markets are less than cooperative. (Audra Melton/The New York Times)

Older adults’ advice to the young: Prioritize health and money

A recent Pew survey found nearly half of respondents age 65 and older emphasized keeping up with diet, exercise and medical appointments. About 37% talked about the importance of financial security.
November 8, 2025

As layoffs in Minnesota mount, side hustles provide some financial buffer

The additional income eases the strain of paying bills and can be part of a household’s safety net in case of job loss.
November 1, 2025
Minneapolis is one of seven cities where Uber drivers will be striking for better pay.

It’s open enrollment season — make Medicare or employer benefits changes

These fall decisions are among the most important financial planning choices you’ll make all year.
October 25, 2025
The Official U.S. Medicare Handbook, Thursday, Nov. 8, 2018. Fall enrollment for Medicare is now open.(Dreamstime/TNS) ORG XMIT: MIN1910041437424240

More Twin Cities retirees are renting instead of owning homes

People over age 65 account for 15% of Twin Cities renters, up nearly 27% since 2013.
October 18, 2025
JIM GEHRZ • jgehrz@startribune.com Minneapolis, MN/January 23, 2007/2:00PM As part of the new Gopher stadium package, lawmakers have mandated that the U of M and the city study the impact on adjacent neighborhoods, which include some single family homes that have been converted to multi-unit dwellings that are rented predominantly by students. The for rent sign is posted in front of a home in the 1400 block of SE 7th St. // housing, houses, neighborhoods, rent, rental, apartme

Healthier aging only helps the economy, society

The aging of America’s population represents a historic moment to create an institutional and cultural infrastructure for a more inclusive and vibrant America.
October 11, 2025

Cash is still king when it comes to crises

Putting together an emergency kit that includes small sums of cash can help navigate a natural or human-made catastrophe.
October 4, 2025
Big U.S. companies have been piling up cash for years, but have spent little of it on buying equipment and raising wages. The new tax bill calls aims to to fix this by giving companies even more money in the form of a tax cut. (Dreamstime/TNS) ORG XMIT: 1219076

Rise in long-term unemployment a worrisome trend

The official definition of long-term unemployed is those looking for work for six months and longer. In August, the long-term unemployed reached a post-pandemic high of more than 1.9 million.
September 27, 2025

Strategies for the sandwich generation to ensure a more secure retirement

Adults who care for both children and aging parents are financially strained, but small changes can at least maintain a solid foundation for building upon later in life.
September 20, 2025
Sasquatch Sandwiches Food Truck Brutus - chicken Ceasar wrap

Health care costs are on the rise, eating away at household budgets

Annual per person health spending rose in the past five decades from $2,151 in 1970 to $14,570 in 2023, when adjusted for inflation, according to health research nonprofit KFF.
September 13, 2025
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