Behavioral Economics

Credit Card Agreements

If you have a credit card you probably don’t remember its terms and conditions; unfortunately, most people sign on without having read them in the first place. In truth, they aren’t meant to be understood.  If you scan through the CreditCards.com study results from 2011 and 2016, you’ll get a better feel for what I…

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It’s Time to Gear up (again) for Bankruptcy

If something cannot go on forever, it will stop. Herbert Stein, 9th Chair of the Council of Economic Advisers (January 1, 1972 to August 31, 1974) “It’s not a matter of if; it’s a matter of when. And I could be early on the call as I was back in 2007, but I am suggesting…

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Tippecanoe County, IN, experiences the highest wage growth in the U.S

The U.S. Bureau of Labor Statistics reports that Tippecanoe County, IN, had the largest over-the-year percentage increase in average weekly wages During the 4th quarter of 2018 (15.1%). Within Tippecanoe, an average weekly wage gain of $1,046 (128.5%) in professional and business services made the largest contribution to the county’s increase in average weekly wages.…

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New Headquarters for Ramsey Solutions

In discussion boards (again) this semester several students have mentioned Dave Ramsey, a man whose work has changed many thousands of lives for the better. The other day, the people of Ramsey Solutions announced that they are looking forward to moving into a new building in Franklin TN, reportedly to be 650,000 square feet when completed.…

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HR People, Credit Counselors, and Bankruptcy Attorneys – Am I Correct about Emergency 401(k) Withdrawals?

One of my (many) favorite quotes is, “Learn from the mistakes of others. You can’t live long enough to make them all yourself.” [1] . Over the decades I’ve certainly made my share of mistakes!  But during five years as a community college personal finance instructor, and as counselor with several thousand in-person sessions under…

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