So for our local audience I wanted to give an Econ4U tip that comes from years of experience brunching around the metro area: Where to find the best eggs Benedict for your buck in Washington D.C.
April 20, 2009 – 10:15 am
The U.S. Bureau of Labor Statistics reports that the unemployment rate rose from 8.1 to 8.5 percent in March of 2009. Since the current recession officially started in December of 2007 just over five million people have lost their jobs, two-thirds of them in the last five months. All of us are affected by this, [...]
Analyzing the money-management secrets of the fantastically rich is always a popular personal finance topic, and Yahoo delivered a new article on just that this week. However, some bits of their advice are better than others. “Work hard — and you’ll get lucky”: Is that truly a valuable tip? Has “imagining what your ideal life [...]
On the heels of President Obama’s speech about the economy, Federal Reserve Chairman Ben Bernake is calling for heightened financial education. Specifically, Bernake addresses racial income gaps and stresses the importance of personal finance literacy and budgeting: Bernanke also addressed the inequities in wealth between whites and minorities. “Part of it has to do I [...]
April 15, 2009 – 10:42 am
If you haven’t filed your tax returns yet, you’re not alone. The IRS is expecting to receive 20 million returns this week, which means about 16% of Americans put it off until the last minute. It’s not too late to file on time, but the midnight deadline is definitely approaching. If you owe the government [...]
April 14, 2009 – 10:21 am
Everyone should try to build up a savings cushion to manage unexpected expenses. But for those caught without an emergency fund, DeYoung makes an important point. Overeager regulation by Congress could end up doing more harm than good.
In a move that will come as a surprise to exactly no one, Bank of America recently announced that its overdraft fee is increasing by $4, a whopping $39. The national average is $28.95. This is hardly unusual behavior. Banks and credit unions make quite a bit of money through fees, so for consumers there are lots [...]
April 10, 2009 – 11:04 am
A new study from Princeton University suggests that feeling financially stable is as important a factor for happiness among women as having a high income. Tayla Miron-Shatz, a researcher at Princeton’s Center for Health and Well-Being, surveyed nearly 1,000 women of various ages and incomes about relationships, work, finances, and overall well-being. Participants were also [...]
As talk about state budget crises becomes more commonplace, it’s clear that a majority of legislatures around the country are considering raising taxes to bolster revenue. The two types of tax hikes most likely to affect consumers are increases in income taxes and sales taxes. Some states like California and New York have already passed [...]
It’s always good to see growing recognition of the importance of financial literacy. Indianapolis TV station WISH reports that the state government there is putting a renewed focus on the issue: Indiana Secretary of State Todd Rokita said the recession is an indication that not enough attention has been paid to educating people about finances [...]
