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From the category archives:
You’ve read the fairy tales. You know… the ones where the night in shining armor rescues the damsel in distress. The endings are always happy, but many cynics feel that real life can’t have such an extravagant ending. They believe that once a crisis hits, nothing can go anywhere but downhill. Fortunately, that isn’t the [...]
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We’ve recently read about several contests or competitions to encourage low or middle-income families to save more money. The contests are usually sponsored by local banks or non-profit organizations, and reward the family that saves the most with a financial bonus. One example is discussed in today’s El Paso Times. Here’s a brief quote about [...]
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The credit crisis is about to hit our quality of life according to a recent article in Fortune.
We are used to being able to afford a higher standard of living each year.
Even with stagnant real incomes, we can always live a little better every year through borrowing and pretending that our living standard is still [...]
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The Seattle Post Intelligencer has a great essay on the political psychology of debt. Here’s a taste of the article:
Today, our current economic troubles notwithstanding, we yet presume that prosperity-via-indebtedness is our natural and eternal condition. As for our addiction to debt-as addicts say, “We can handle it.” But we can’t. And the four addictions [...]
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