Dennis Kucinich is floating a proposal around the Senate which would create a six-month period in which anyone age 60 can retire voluntarily and receive partial Social Security benefits. This is a $15 billion bill funded by the bailout and stimulus. Kucinich estimates that by offering retirement two years early, a million workers will leave ... Continue reading this article…
The more profitable your employer, particularly if it is a large corporation, the more attention the employer pays to its biggest asset, its employees. Profitable companies offer perks to employees like vacation days, 401(k) matching contributions, health care subsidies, free lunches, on-site day-care, unlimited restroom breaks, and development opportunities. Don’t confuse these benefits designed to ... Continue reading this article…
Last week I mentioned France would be seeing a new but insignificant tax on carbon emissions and considered the possibilities, including possible reactions, if a similar tax was initiated here in the United States. Both political sides are criticizing this tax and it’s not expected to be effective in terms of its goal of encouraging ... Continue reading this article…
The unemployment rate for young workers between the ages of 16 and 23 is 18 percent, and that is an increase of five points from a year ago. That age group includes high school drop-outs as well as college graduates, and for these people the future looks bleak. Adults are taking the minimum-wage jobs teenagers might ... Continue reading this article…
In today’s Consumerism Commentary Podcast, I offer a number of suggestions for students heading back to school, particularly for new college freshmen. Tom Dziubek and I discuss tips that will help students take small steps now to ensure they will start the rest of their lives on a sound footing.
After the discussion for students, we ... Continue reading this article…
Our guest today is Matt Jabs, blogger and founder of Debt Free Adventure, a blog designed to help the author stay accountable for getting out of debt. Debt Free Adventure is one of my favorites among new personal finance blogs.
Today’s discussion focuses on the concept of giving yourself a raise, an important way to improve ... Continue reading this article…
Are you on this list? Chances are the following list of the highest paid CEOs does not include you, Don’t feel bad; I am not included either. In 2008, these ten individuals accounted for $2.2 billion in compensation in aggregate.
Whether or not CEOs deserve compensation at levels 17,000 times higher than the average worker ... Continue reading this article…
The summer following graduation is an interesting time for recently-former students. The newly-commenced young men and women, those not opting to pursue an additional number of years in an institution of higher learning, spend their time amongst activities such as attending backyard barbecues in celebration of their achievements, traveling to distant lands with newfound free ... Continue reading this article…
Today’s podcast features an interview with J.D. Roth from popular blog Get Rich Slowly. J.D. talks with Tom Dziubek and me about how he was inspired to begin writing about personal finance and his decision to leave the corporate world behind and take his passion to the next level.
Tom also speaks with Bryan J Busch ... Continue reading this article…
There are many people who believe that the when choosing a career path and life direction, one should steer towards the highest paying career for which they could possibly qualify after several years of education, training, and 80-hour work weeks. To demonstrate, there is never a shortage of investment bankers looking for work. I have ... Continue reading this article…
Although the latest figures indicate job loss is slowing, at 8.9 percent the unemployment rate is continuing to increase. Some unemployed individuals who want to take classes to build skills while looking for a job experience some roadblocks:
Searching for work can be a full-time job. Finding time for all your responsibilities and desires can be a ... Continue reading this article…
I’m not a financial planner, adviser, guru or anything of the sort. The reason I’m writing here today is because I screwed up big time. Fortunately for you, I think I’ve figured out where the mistake began.
Recently I’ve been taking an informal poll of some of the people I would consider to be relatively young ... Continue reading this article…
This is a guest article by Ginger from Girls Just Wanna Have Funds. Ginger teaches women how to break financial ceilings one stiletto at a time! Join the social network, Girls Just Wanna Have Funds on Ning to connect with other financially savvy women.
This week I’ve been helping out my company’s HR department by reviewing ... Continue reading this article…
My goal was never to have all the money I could get my hands on.
On the other hand, I’ve never solidified my financial goals. Up to now, it’s mostly been about what I don’t want, rather than what I do:
I don’t want more rooms in my house than I can use
I don’t want to have ... Continue reading this article…
I do not normally write about blogging here. For me, writing about blogging is like singing a song about the songs one sings rather than singing a song about something inspiring in itself. Nevertheless, this is a blog in which I write about my experiences with money, and blogging has played an increasing role in ... Continue reading this article…
A reporter from the Washington Post is looking to hear from Consumerism Commentary readers who are coping with wage deceleration or stagnation. If you have had to make changes to your lifestyle due to wages or salaries that haven’t been rising as quickly as expenses, you are a perfect candidate for this article in progress. ... Continue reading this article…
As the economy continues to trudge along, more people are submitting claims for unemployment benefits. In the week ending January 17, more than 4,776,000 Americans received checks from the government to cover job loss, an increase of 61 percent over the same week last year. This number includes 588,000 individuals who filed for unemployment for the ... Continue reading this article…
The company has spent the past few months managing expectations. With the economy tanking and our company’s performance following the trend of all other companies in the industry, there won’t be much in the way of annual raises and bonuses this year. (We receive these incentives a few months after the end of the ... Continue reading this article…
If the only value of higher education is the money you earn throughout your lifetime with your college degree, then SmartMoney’s recent study might help you decide where to matriculate. Ivy League schools don’t pay off as much as one might expect. The magazine surveyed the annual salaries earned by graduates of 50 of ... Continue reading this article…
August 8 update: This is now confirmed.
This is unconfirmed but in the last few hours, two employees at TIAA-CREF have written to Consumerism Commentary to share the knowledge that workers in the the Charlotte, North Carolina office are being laid off by management at this very moment. The layoffs began on Monday and will reportedly ... Continue reading this article…