Apparently sick of the workaday grind, a pair of 30-something roommates who are deeply in debt decided to live like the 1% for a spell. After forging checks from a law firm where one of the women worked as a paralegal, the twosome tore off on a private jet with friends to go shopping in New York City. They also rented an …
debt
A Better Way To Pay Off Debts
‘Tis the season … to accumulate debt, and in that spirit we thought we’d write about a pair of related and timely subjects. The first is a new study, containing findings that could help you pay off loans faster. The second is a …
Curious CapitalistEurope
Why the Euro Crisis Proves Stocks Are The New Bonds
Woe to the unfortunate souls still exposed to European debt. The smart money (read: people like Warren Buffett and the world’s more successful hedge funders) got out of it a year and a half ago. It almost doesn’t matter …
How the U.S. Can Avoid a Lost Decade
Today’s global problems could paralyze the U.S. economy and stock markets for the next 10 years – but that can be prevented.
‘Cyber Week’ Holiday Spending Hits an All-Time High
Cyber Monday was the heaviest online spending day ever. Cyber Week brought in $6 billion — a record. And there were three days that week that eclipsed a billion dollars in spending. Bottom line: The online holiday shopping …
Student Loans: A Call for Creative Solutions
Universities raise tuition faster than the vast majority can afford. That leads to more government grants and government and private loans, which flow to universities. They then construct lovely new buildings, largely on the …
We Buy Fun Stuff With Credit, Dull Stuff With Cash
It’s well-documented that people cut loose and spend more when they’re paying with a credit card rather than cash. Scientists refer to this as a “decoupling of purchase from the pain of payment” — essentially, we don’t perceive credit cards as “real money.” But a new study takes this observation a step further by postulating that we …
Is Europe’s Crisis a Glimpse of America’s Future?
The problems caused by rising debt are fundamentally different in the U.S. from those in Europe, but they are equally daunting.
Talk About ‘Old Money’: Old Folks Got Richer, Young People Much Poorer Over the Years
We’ve all heard of how the rich have gotten richer over the past several decades—the “great divergence,” as it’s been called, in which a small portion of the population has garnered an increasingly outsized percentage of net …
What the Greek Debt Crisis Means for You
The problems in Europe will negatively affect the U.S. but also create a few opportunities
College Graduates Face Record-High Debt In the Age of Record-High Unemployment
The news just keeps getting worse for college graduates. According to a report out today from the Project on Student Debt, college seniors who graduated with student loans in 2010 owed an average of $25,250—the highest level …
Should Greece Ditch the Euro?
Talk about drama. German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou emerged from an emergency meeting on Wednesday evening with a bombshell: Greece will have to decide if …