Some people want to believe that our country's economic crisis is so complicated that mere mortals cannot understand it. Only economists and politicians (hah!) have the brain power and education to decipher the complexity of how subprime mortgages and tightening credit markets have caused this unprecedented crisis. Don't believe them. You see, in actuality, most… Continue reading Crisis isn’t that complicated
With Stampede Friday and Shop-At-Work Monday now behind us, I thought it opportune to reflect on some of the frequently frenzied purchases consumers "need" that I don't. Nintendo Wii - Perfectly happy pulling out my old school PS2 once a month to play Guitar Hero and Rock Band. Offline. We just don't game enough to… Continue reading Things I’m not buying
Carrie Underwood made this comment in Allure magazine: On money: The Steinway piano she craves? "I have the space. It's just waiting for the piano, but, you know, they're expensive!" The SUV she desires? "They're expensive, too!" She is still driving around in the Mustang she won on American Idol. "But what if I don't… Continue reading Not all young celebrities are spendaholics!
Here's a unique way of looking at housing costs data. Take the average housing prices in the U.S. since 1890, adjust for inflation, then plot it on a rollercoaster. Pay particular attention to 1997 onward. via Consumerism Commentary
USA Today has an article that basically illustrates why young "adults" need better education in personal finance and economics. Read this paragraph: Adults aged 19 to 35 do not believe they earn enough to keep pace with the cost of living, according to the report by Qvisory, a nonprofit online advocacy and service organization. Forty-three… Continue reading Wait, their main financial concern is the cost of gas?