Even after the recession decimated the net worth of millions, some economists argue people are being tricked into saving more than they need. At least they have conviction.
Planning
5 Smart Strategies for Managing Your Debt
Consumers have been good about paying down their debt. But they stink at managing what debt remains. Here are five ways to keep control.
Let’s Hope You’re Not Taking Real-Life Money Lessons from ‘Reality’ Shows
Guess what? Reality shows aren’t that real. This news shouldn’t come as a shock. Yet it is still surprising—and worrisome—to hear about the latest scandal involving the home-buying show “House Hunters.” Each of the program’s …
What Comes First–Wealth or Health?
Workers increasingly see themselves as more physically fit than fiscally fit, suggesting that good health is their strategy for saving money in retirement. But until they get control of their finances, their health is at risk no matter how many laps they may swim.
Future of Retail: Companies That Profit By Investing in Employees
Ideally, a capitalist economy is constantly becoming more efficient. The benefits of that newly gained efficiency, however, are not always uniformly distributed. Sometimes it goes to business owners in the form of higher prices, …
Why We Need Pension Reform
A day after Governor Scott Walker won his recall election, the New York Times wrote, “The biggest political lesson from Wisconsin may be that the overwhelming dominance of money on the Republican side will continue to haunt …
Kids: Now More Expensive Than Ever
Earlier this week, we learned that median family wealth has fallen dramatically over the past several years, taking us back to levels not seen since the early 1990s. Now the Department of Agriculture (which for some reason …
Where Are College Costs Going Up? 14 Public Universities with the Fastest-Growing Tuition
Italy’s Newest Museum: Dante, Moliere and…Personal Finance
The Museum of Saving opened its doors in Turin, Italy last month, with a mission to bring personal finance to life. Financial education is being taken seriously around the world.
Struggling to Pay Your Student Loans? Move to These Towns
In an effort to boost dwindling populations, some towns have come up with an inventive idea: Move here, and we’ll help pay your student loans.
The New Normal: From Families to Nobel Winners, It’s All About Less
The wealth of American families has fallen to levels last seen in the early 1990s. Yet a shrinking payout for Nobel Prize winners suggests that even our brightest minds must adjust to the new normal.
Why Have So Few Student-Loan Borrowers Taken Advantage of Income-Based Repayment?
A new plan to raise awareness about the Income-Based Repayment program is the latest step in the Obama Administration’s efforts to lessen the burden of student debt