Ever wonder which industries are the most profitable? The answers may surprise you. No shock here — finance is far and away the winner, with closed-end equity funds reporting a profit margin of 81%. That means that for every dollar an equity firm earns in revenue, it spends only 19 cents on the costs of [...]
April is not just tax season, it’s also Financial Literacy Month. So now is the perfect time to test your money knowledge on one of our 10 quizzes. Think you’re an expert on entrepreneurship? How savvy are you on saving? Can you cut it when it comes to credit cards? Or if you’re really up to [...]
January 26, 2010 – 6:04 pm
Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. This week, New York Times columnist Thomas Friedman wrote about what the country really needs instead of yet another economic stimulus package: What the country needs most now is not more government stimulus, [...]
August 25, 2009 – 12:18 pm
Carla’s post from last week about a guy whose girlfriend drove him into debt got me thinking: To what degree should financial habits drive who you date? A few recent studies shed some light on the subject. While most people end up marrying those who are overall similar in personality, “opposites attract” seems to be [...]
Wall Street Journal columnist James Stewart has a great piece this week, about how fleeting good fortune can be, and how important it is to manage your money responsibly. I really recommend reading the whole thing, but here’s a few highlights (emphasis added): Our culture often glorifies financial success, but it is an illusion to [...]
We’ve covered before how new credit laws mean tighter restrictions regarding who qualifies for a credit card, and how people with sterling credit scores could face higher fees under the new regulations. As it turns out, there’s another wrinkle in the law books that gives young people a truly bum deal. Under the new law, [...]
Today, The Wall Street Journal has a post about a boarding school in Massachusetts that is attempting to increase financial literacy among students by setting up a classroom as a mock stock market trading floor. The story notes the need for financial literacy among students — especially in the current economic crisis — and refers [...]
This week Congress approved President Obama’s $3.5 TRILLION budget. So we wanted to know how many Americans grasp just how big a trillion really is.
You may have seen us on the Today Show this morning, braving some chilly weather to promote Financial Literacy Month. We gave Matt Lauer an Econ4U t-shirt, which we fully expect him to wear on the air tomorrow.
On the heels of President Obama’s speech about the economy, Federal Reserve Chairman Ben Bernake is calling for heightened financial education. Specifically, Bernake addresses racial income gaps and stresses the importance of personal finance literacy and budgeting: Bernanke also addressed the inequities in wealth between whites and minorities. “Part of it has to do I [...]
