Personal finance and economic literacy experts usually focus on the issues facing college students, adults with families, and those facing retirement. But what about those single twenty-somethings who seem to dominate Washington, D.C. and other major cities? Welcome to your quarter-life crisis. This article by Kate Carraway looks into the problems facing urban, middle class twenty- and thirty- year-olds trying to [...]
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 [...]
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.
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 [...]
If you follow these rules, maybe your next date won’t be searching the restaurant for someone with a bigger score.
Our Managing Director has a column in the Exception Magazine about how Financial Literacy Month takes on new importance in 2009. If the public doesn’t know the difference between Dow Jones and Jim Beam, imagine how they are struggling at comprehending our economic crisis. Counterparty payments. Who? LIBOR. Lie what? Credit Default Swaps. Excuse me? [...]
Our newest survey shows how Americans are responding to the financial crisis. The national survey conducted last week asked Americans how the recession is affecting them and their peers. This survey is our second this week in honor of Financial Literacy Month. You can see the results of part 1, which revealed how few Americans [...]
Before the financial crisis I, like most Americans, received a lot of credit card offers in the mail. What used to be a steady stream has now slowed to a trickle so I’m paying a little more attention to the occasional “good deal” teaser offer. Last week one of them caught my eye. Capital One [...]
Do you know what the Dow Jones Industrial Average is? Congratulations! Because among your fellow Americans, this knowledge puts you in an elite minority. This week Econ4U released the results of our semi-annual Economic Literacy Survey. And once again our findings demonstrate that Americans still lack a basic understanding of economics and personal finance. When [...]
