There were many interesting articles on CNN/Money today. Here are a few summaries.
The majority of Americans claim they would continue working if they were to suddenly come into lottery winnings of $10,000,000. 59 percent of people under the age of 50 said they would continue along their career path. If this statistic is ever tested, I hope I don’t end up in the control group.
While inflation seems to be around a rate of 3%, prices of certain necessities are increasing much more than that. In my opinion, keeping the inflation rate at 3% (based on the Consumer Price Index) is an easy way for companies to justify not giving a big enough adjustment for cost-of-living increases.
On Moneycentral, Liz Pulliam Weston gives us ten things you should never buy new. For the curious, they are books, DVDs/CDs/videos, kids’ toys, jewelry, sports equipment, timeshares, cars (oops), computer software/console games, office furniture, and hand tools. There are, of course, some exceptions given. I had my reasons for buying a new car, even against advice I had always given others and will still continue to give people who ask.
Updated February 6, 2012 and originally published September 16, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.