What a great way to end a quarter – a global economic crisis? Greece is once again the headline newsmaker. Greece with a Gross Domestic Product (GDP) equivalent to the city of Detroit and a land area comparable in size to Ohio. Last Friday, the Greek government rejected an offer from creditors to…
I have three children ranging in ages from 16 to 24 years old. In other words, two of my kids are legal adults! Whoa! How does that impact our daily lives and our financial plan? The relationship between parent and child is of fundamental importance to U.S. society, because it preserves the safety and provides…
If someone gave me a $100, I would walk around as if I’m Donald Trump or Daddy Warbucks. It’s a flush feeling. If we go to dinner, I’m buying. A few days later it would be back to normal with the typical $5 to $20 in my pocket. What is this behavioral phenomenon of “found…
Penny-Pinching Consumers The economy has spurred Americans to save money any which way they can. Here’s where we’re pinching pennies: Purchasing more generic brands 63% Brown-bagging lunch 45% Going to the hairdresser or barber less 39% Cancelling one or more magazine subscriptions 33% Cutting down on dry cleaning 22% No longer purchasing morning coffee 21%…