Epperson holds a bachelor's degree in sociology and government from Harvard University and a master's degree in international affairs from Columbia University. She has been an adjunct instructor of international affairs at Columbia University's School of International Public Affairs since 2000. Epperson graduated from Taylor Allderdice High School in 1986 and was inducted into their alumni hall of fame in 2011. She served a summer internship at the age of 18 in the Pittsburgh Press library department.
She is currently stationed at the New York Mercantile Exchange (NYMEX) covering the energy markets on a daily basis. Epperson, the daughter of David E. Epperson and Ceceila T. Epperson, a retired schoolteacher in the Pittsburgh Public School System, last teaching at Lincoln Elementary School in Pittsburgh. Her father formerly served as the Dean of The University of Pittsburgh School of Social Work.
Epperson often covers personal finance in a column for USA Weekend magazine and her writing has also appeared in Essence magazine, The Boston Globe, The Washington Post, The Wall Street Journal, and Self magazine.
She also authored the The Big Payoff: 8 Steps Couples Can Take to Make the Most of Their Money and Live Richly Ever After. 
1995: 1st place honors from the National Association of Black Journalists for team coverage on Time magazine's cover story on the Nation of Islam.
1999: Silver World Medal from the New York Festivals, an international television programming competition.
2001: Gracie Allen Award from the Foundation of American Women in Radio and Television.
2003: Trailblazer of the Year Award from the New York Association of Black Journalists.
2003: All-Star Award from the Association of Women in Communications.
A native of Pittsburgh, she and her husband, Christopher John Farley, also an award-winning journalist and author, live in Westchester County, N.Y., with their two children. They have been married since August 30, 1997.