Though the United States government hasn’t been fiscally responsible this year, at least the American people have: For the 9th consecutive quarter, delinquency rates fell for consumer credit cards. It’s exciting news, but it remains to be seen if consumers kept up these good habits on Black Friday. US retail sales hit $11.4 billion to kick off the holiday shopping [...]
This year, the American Farm Bureau Federation is reporting an increase in the cost of a traditional Thanksgiving meal. The retail cost of menu items for a classic Thanksgiving dinner including turkey, stuffing, cranberries, pumpkin pie and all the basic trimmings increased about 13 percent this year…the average cost of this year’s feast for 10 [...]
Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. If you’ve read a newspaper in the past 3 years, you may have been alarmed at reports of a volatile stock market, high unemployment, and retirement plans in jeopardy. Ever wonder if [...]
Welcome to the latest installment of our series! We’ve rounded up experts in the fields of economics and personal finance to answer common questions young people have about their money and the economy. For this column, we’ve asked an expert on economics and finance for his insight on a hot topic in policy circles—inflation. Got [...]
The New York Times yesterday published a review of the Kaiser Family Foundation’s analysis of health-insurance premiums across the nation on its Prescriptions blog, which covers health-care issues. However, there is an economic fallacy lurking in its analysis worth pointing out. The blog says: If you live in Massachusetts or Vermont, the average monthly premium [...]
Welcome to the third installment of our new series! We’ve rounded up experts in the fields of economics and personal finance to answer common questions young people have about their money. For this column, we’ve asked an expert on the budget for his insight on the country’s $14 trillion national debt. Got a question you’d [...]
Welcome to the second installment of our new series! We’ve rounded up experts in the fields of economics and personal finance to answer common questions young people have about their money. For our second column, we’ve asked an economics expert for his insight on the high prices we’re paying at the gas pump. Got a [...]
This week was the first Personal Finance Online Summit, held on Wednesday to give personal-finance experts the opportunity to discuss with the president the major financial issues affecting both the country at large and individual households on a smaller scale. At the end, President Obama shared the tenets he says he personally lives by. Here it [...]
Ever wonder which industries are the most profitable? The answers may surprise you. No shock here — finance is far and away the winner, with closed-end equity funds reporting a profit margin of 81%. That means that for every dollar an equity firm earns in revenue, it spends only 19 cents on the costs of [...]
Let’s talk turkey: Have you bought yours yet? If not, be prepared to spend a little bit more than you did last year, according to the American Farm Bureau Federation in its annual Thanksgiving survey of grocery stores. The survey’s shopping list includes all the fixin’s for a classic Thanksgiving feast for 10 people (with [...]
