If you hire a money manager, you’d like to think he or she is going to do you, and your portfolio, some good. That’s not necessarily so. Read that story, plus get the latest debt-limit news — including how to use ETFs to protect yourself against a debt default — all in today’s Personal Finance [...]

If there is a positive outcome we can realize from the Great Recession, it will be to become a financially literate nation. If we do not, we may have to live through another horrible financial and economic crisis, writes John Pelletier.

Chinese banks are rolling over wealth-management investments to finance real estate and local government projects, raising red flags, reports Caixin Online.