It’s an age-old question: Is life harder or easier for today’s young people? Well, score a “win” for the millennials. Younger adults are spending a stunning amount of money on rent — $93,000 by age 30, according to a new study. More important, rent sucks up about 45% of their [Keep reading]
You’re going to get a lot of advice, graduates, as you embark on whatever journey you are about to take. You probably won’t hear the advice I’m about to give you, however. Don’t worry about $5 lattes and $9 avocado toast. Folks who pick on you for that are living [Keep reading]
Struggling to lose weight or build up your savings? Here’s a new insight that might really help. If you are like most people, you tend to remember the good days — when you eat salads or don’t spend –better than the bad days, when you lose the battle with the cookie jar, or [Keep reading]
NOTE: This is the third in an ongoing series of stories that explain complex behavioral economics ideas in simple was, and use them to your advantage in everyday life. READ there entire Everyday Econ series. There’s a car dealer outside New York City who aggressively advertises $7,500 discounts for buyers [Keep reading]
When we think about the $1.45 trillion student loan crisis, we normally imagine struggling, young, recent college graduates. We often don’t think about the collateral damage among families that overwhelming school debt can inflict, but that’s a fast-growing problem. Almost all private student loans require a co-signer, and increasingly, the [Keep reading]
Wasting time recently on a discussion board for rabid sports fans, my eyes stopped on a phrase that shocked me: “endowment effect.” Dropped casually in among the emotional discussion of who’s the best offensive or defensive player was a high-fallutin’ term from economics. I thought it out of place for [Keep reading]
The FCC is issuing fresh warnings about so-called “neighbor spoofing” as the agency plans a fresh push to tamp down illegal robocalls — and scammers continue to perfect their tools of evasion. Neighbor spoofing involves spam calls that arrive appearing to come from a nearby phone number. If your number [Keep reading]
“You’ve been hacked. But there’s hope. Let me explain.” Writing a book is a very long journey. Re-writing a book, 10 years later, is an even longer journey. But that’s where I have arrived, and I invite you dear reader to come along with me. More than a decade ago, [Keep reading]
(NOTE: This is a free excerpt from my new book: Gotcha Capitalism, 10 years later. A lot has happened in the world of credit cards since 2008. It’s fun to look back….) Gift cards could be pretty diabolical when they burst onto the scene in the late 1990s. Junk fees [Keep reading]
If you’re thinking about applying for a new credit card or asking for a higher limit on a card you already have, you might want to do that sooner rather than later. The thing with kreditkort, Swedish for credit cards, and credit card issuers, is that they’ve been on a [Keep reading]
Bob Sullivan