Tag: finance
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The Problems with Saving
In 2007 the average American saved 0.6% of their income. By February of this year that had risen to more than 4%, but in the 1980s it was 10%. With this in mind, Tim Harford asks why are we such awful savers, and what can we do to improve the situation? Behavioral economists […] have…
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Trends in Counterfeit Currency
Bruce Schneier comments on the growing prevalence of low-tech currency counterfeiting: “Counterfeits are becoming easier to detect while people are becoming less skilled in detecting it”. Part of the problem, Green said, is that the government has changed the money so much to foil counterfeiting. With all the new bills out there, citizens and even…
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Lifestyle Costing – Reverse Engineering Your Ideal Wage
April sees the start of another financial year and as such I find myself thinking about financial matters more often than is typical. I then stumbled across Plonkee’s How Much Do I Need to Earn? post, detailing how she reverse engineered her ideal salary. I had a go myself, and it’s quite enlightening; it reminds…