Psychology of Money

Why Financial Literacy Fails

I’m often asked what I’d do to improve financial literacy in the United States. The premise seems to be that if we teach young people about compound interest and two-cycle billing, this information will lead them to make better financial choices. I’m not convinced.

Selling Your House? Choose Your Words Carefully

Certain phrases pop up again and again in real estate listings, and these keywords offer a good indication of the prices a property will command. A listing promising a “once-in-a-lifetime opportunity,” for instance, has an …

Kids and Allowance: The Debate that Divides Us

To heck with the fiscal cliff. The financial debate that won’t go away is among parents who just want to know if their kids should work for the allowance they receive. The answer isn’t always as easy as it may seem.

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