Economy

Stores To Open EARLY on Black Friday

store

It’s November and the holiday shopping season is in full swing.  It seems as if every year the holiday shopping season starts a bit earlier – and that’s because retailers are becoming more and more desperate to make sales and get shoppers into the stores as soon as possible. Typically, every Black Friday (considered...
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Obama to Announce New Plan to Help Fix Student Loan Crisis

Cost of College

Later today, President Obama will announce a new plan to help students pay off their student loan debt.  After all, last year, the total amount of student loan debt exceeded the total amount of credit card debt among consumers.  And with the default rate of student loans nearing 9%, according to the Department of...
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Occupy Wall Street Gets Louder

occupy wall street

What started out as a few college students camping out around the New York Stock Exchange has now turned into a worldwide outcry.  Here are some of the 20 cities that #OccupyWallStreet has spread to:  New York City, Los Angeles, Chicago, Tampa and internationally, Cairo, London and Athens. Just yesterday, the protesters in New York...
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Former Apple CEO Steve Jobs Dies

apple

Apple released a tragic statement late Wednesday regarding the death of Apple founder Steve Jobs.  Apple has completely revolutionized the tech industry with its iPod, iPhone and iPad gadgets.  Jobs was known as the driving force of Apple’s innovation and success since he founded the company in 1976.  We have truly lost a great...
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Personal Income Plummets

Credit Cards Image

We haven’t seen personal income levels drop since 2009 – until now.  And it makes sense – unemployment is high – the stock market is more volatile than usual – and the housing market is a mess.  According to the Commerce Department, in August, personal income fell by $7.3 billion (0.1%).  And as for...
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Online Shopping Trends: Holiday 2011

shopping bags

With holiday shopping right around the corner, retailers are trying to figure out how best to attack the upcoming shopping rush. In terms of online shopping, it is a brave new world. Social media outlets like Facebook and Twitter have once again changed how people shop online. (Read: How to Save Money – for...
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Three Years Ago: Lehman Brothers Collapsed

stock market

Three years ago this week, one of the world’s largest investment banks, Lehman Brothers, completely collapsed in a devastating bankruptcy.  Catastrophic for the thousands who lost their jobs and for the overall economy – as September 15, 2008 marked one of the first days of a wild economy.  When you think about the 2008...
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Virginia to Require Finance Class for Students

textbook image

On Tuesday, we mentioned the lack of financial skills among college students.  And as I always stress on this website, personal finance classes should and must be required classes for high school and college students.  Only four states require students to take financial classes in high school: Utah, Tennessee, Missouri and now Virginia will...
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Study: College Students Lack Money Management Skills

College Campus

You can’t be surprised that college students don’t have proper finance skills – and it’s not even their fault.  Only four states require students to take personal finance classes in high school.  Millions of students graduate from high school and head off to college with barely any financial knowledge.  As mentioned on MainStreet.com, a...
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