Category Global Economy

Importance of Financial Education Today (as reported by Donna Freedman on www.getrichslowly.org)

It’s always been important for kids to learn how to manage money. But today, for this generation of children, the challenges they will face make learning basic personal financial skills crucial to their future success. A few simple mistakes, ones commonly made by today’s youth, can have a lasting negative impact on your life. Many […]

Wealth and Inequality (as reported by Matthew Yglesias on www.vox.com)

Capital in the 21st Century, the new book from French economist Thomas Piketty has been making a splash in recent weeks. Why is this book so powerful? It essentially calls out one of the inherent flaws in capitalism, that the ratio of wealth to income rises until the economic elite are those with inherited wealth and not […]

The Unpredictable Economy (As Reported by Quentin Fottrell on MarketWatch.Com)

We look to economists to help us understand why things happen the way they do, and try to shed some insight into what the economy will do in the future. But, as this article lays out, that last part is not as easy as it sounds. Even economists, who study it full time, have a […]

Are we letting a perfectly good crisis go to waste? (as reported by John W. Schoen via cnbc.com)

New research from the PewResearchCenter indicates that people under 35 in the U.S. are carrying lower levels of debt. According to their data, young people have pared debt more aggressively than older households since the 2008 crisis. This marks a paradigm shift from years prior, when debt-to-income ratios among that group were at record levels. […]

U.S. taxes, a global comparison (as reported by Roberton Williams via taxpolicycenter.org)

Do Americans pay too much in taxes or too little? According to the Organization for Economic Cooperation and Development (OECD), U.S. taxes are low in comparison to other developed countries. In 2008, U.S. taxes were 26% of Gross Domestic Product (GDP), while the average for the 33 member countries was 35%. The highest percentage went […]

The Global Financial Crisis (via Share the World’s Resources stwr.org)

If you’re teaching economics along with personal finance, you’ll find this website to be very useful. It outlines some basic facts about the global financial crisis of 2008, and goes in-depth on the recurring problems of the world economy including debt-based consumer culture, unbalanced international trade, among other issues. Here you’ll find news updates, overviews, […]