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The Paradox of The Paradox of Thrift

by Flexo

If you’ve been paying attention lately, you might have heard that throughout the economic recession, Americans have been saving more of their income. Some economists worry that saving, while good for the individual, can be harmful to the economy as a whole. This is commonly called, “the paradox of thrift,” a theory developed by John ... Continue reading this article…

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The Carnival is Up!

by Flexo

Broke Grad Student is hosting the latest edition of the Carnival of Personal Finance, highlighting the best personal finance articles as well as the Beijing 2008 Olympics. My recent article on Consumerism Commentary, Financial Tips for Students Entering College, earned a “gold medal” as an Editor’s Pick. There were many interesting articles in this week’s ... Continue reading this article…

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Wealthiest in the World: I’m in the Top 10%

by Flexo

According to the Global Rich List, my estimated income of $70,000 for this year puts me in the top 0.85 percent in the world on the basis of annual earnings. However, according to a new global study commissioned by the United Nations, my net worth of under $70,000 translates to “only” the top 10 percent of all ... Continue reading this article…

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