My son is new to baseball. He's been playing soccer for a few years and he's not the most coordinated child. Before his first game last week we told him. "You don't have to swing at every pitch."Sure enough, he got up, swung once, swung twice, swung a third time and he sat back down.After the game, I said to him again, "You don't have to swing at every pitch that comes.""I know," he said.Walking home from the game we ran into a neighbor Rob who played in college....more
AAUW members and pay equity advocates all across the country are marking Equal Pay Day today. Marking the day, not celebrating the day. We will celebrate when we no longer need Equal Pay Day, when pay discrimination and the wage gap are things of the past, when women’s wages are finally equal to men’s. Until then, we’ll continue to mark this day — with rallies, proclamations, “unhappy” hours, community events, and bake sales where women receive a discount equal to the wage gap. ...more
By now you've heard that the SEC charged Goldman Sachs with fraud, specifically "defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter."
If I had just invested $100 from the age of 4 until the age of 18, conservatively I'd have a million in the bank at 62. Too bad I wasn't thinking about my 401k or retiring early back then! Instead I spent every dime on something shiny and new. And I can't say my parents were to blame. They taught me about saving and investing from an early age, but somehow it just didn't catch on until I had my own bills to pay. So as new parents, how can we teach our kids about money in a way that sticks?...more
It has been a week already. A long and painful week for my dear friend S -- she was supposed to fly to London last Monday to visit a mutual friend of ours - M - who - bravely and willfully - packed her belongings last fall and headed to England to finish her Masters in Art History. M has been so busy since September '09 with lectures, assignments, papers to write, papers to publish and loads of studying that she hasn't had a moment to speak to any of her loved ones left behind....more
In March, consumer spending increased. After months of frugality, consumers seem to be looking for a reason to spend. Even though the U.S. savings rate has increased since the start of the recession in December 2007, is the recent uptick in spending an anomaly or the beginning of sustained increases in spending? Despite the March increases in employment, unemployment is still stubbornly high. And consumers don't spend when they don't have steady, good-paying jobs. I know that from first-hand experience.