Tag Archives: economy

Study: No, That Art Degree Does NOT Mean You’ll Be Poor Forever

With the economy in such a dismal state, mocking people with art degrees has practically become a national pastime. After all, it gives everyone else a way to feel smug as they melt into financial ruin at the ripe age of 23. “Sure, things are shitty,” they muse. “It’s true that I have to move back in with my parents and I hate my job at Best Buy, but at least I majored in finance and didn’t waste $80,000 on art school tuition.” (Pats back.)

Think again, bro. Your superiority is a built on a lie. A new study is making that very clear with results that show art degree holders actually do have jobs, and good ones at that. That’s right, the very basis of all the validation you’ve ever had in doing what you’re “supposed” to do is kind of just wrong. Just as the cliches go, it turns out that doing what you love in life really does allow you to thrive. Keep reading »

President Obama Nominates Janet Yellen As First-Ever Woman To Run The Federal Reserve

janet yellen nominated to federal reserve
  • President Obama announced today he has nominated Janet Yellen as chairman of the Federal Reserve. She currently serves as vice chair of the Fed and is a professor at University of California, Berkeley. If confirmed by the Senate, Yellen would be the first woman to run the Fed. [Politico]
  • On Yellen and the scarcity of women at central banks. [New York Times]
  • How the “bro” became an entitled white — specifically white — dude. [The Atlantic Wire]
  • Condoleezza Rice was selected to serve on a college football playoff committee and everyone is losing their marbles. [Slate]
  • This woman was sexually assaulted as a teen by two little boys she babysat — and worse is that the boys’ mother didn’t seem too surprised. [xoJane] Keep reading »

Obama To Name Janet Yellen As Chairman Of The Federal Reserve: Sources

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  • Federal Reserve Vice Chairman Janet Yellen will almost certainly be nominated by President Obama to lead the Fed, according to sources of the Washington Post. [Washington Post]
  • Oklahoma Governor Mary Fallin has thumbed her nose at the Pentagon’s instructions and has blocked military benefits for same-sex couples from being processed in the state. [Politico]
  • Check out this piece on abusers, guns and the women they kill from our former Hitched columnist Andrea Grimes. [RH Reality Check]
  • Meet FORCE: Upsetting Rape, the feminist pranksters who punked everyone yesterday with their fake Playboy site, which had the “magazine” telling readers that consent is the key to good sex. [Think Progress] Keep reading »

Paul Ryan: 12 Things To Know About Mitt Romney’s VP Pick

Republican Presidential Candidate Mitt Romney Announces Rep. Paul Ryan As His Vice Presidential Pick

Happy Saturday, folks! Did you hear? Mitt Romney has announced his running mate for the presidential election — Congressman Paul Ryan (R-WI). Let’s get to know him, shall we? Keep reading »

More Men Are Moving Into “Pink Collar” Professions

SAHM Study
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Stay-at-home-moms are more worried, sad and stressed, says poll. Read More »
Managing Men
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Managing men as a female boss can be a balancing act. Read More »
Working Women Ugly?
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... according to Rush Limbaugh's wildly inaccurate twisting of study. Read More »
On Marrying Up
Let's be realistic about the finances it takes to raise a family. Read More »
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Once upon a time, a male kindergarten teacher or a male nurse was an oddity, even a novelty. But changing gender roles — and a turned-on-its-head economy — mean that more men than ever are working in what were previously considered to be “pink collar” jobs.

In an article about the trend today, The New York Times explains that “pink collar” jobs in fields like health care and home care/child care haven’t been bombed out by the economy because they cannot be outsourced and they are available to anyone without a college degree, regardless of gender. Hence, while jobs in all those fields are growing in general, the numbers of men working in them are increasing apace. Keep reading »

The Millennial Generation Is Spending More Money Than Ever On Luxury Goods

Money 101
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How to meaningfully reduce your expenses. Read More »
Money 101
10 tips for traveling on the cheap! Read More »

We’re broke, we’re unemployed, we owe student loans, we’re living off our parents, we have degrees in things like English and Philosophy, we’re unprecedentedly narcissistic, and as if we couldn’t get any more charming, all the money we do have we spend on luxury goods: welcome to Generation Y, bitches! The millennial epoch, composed of those born between 1980 and 2000, is the fastest-growing demographic of those who purchase luxury goods. Consumers of this generation increased spending on premium fashion and services by 33 percent in 2011, and while boomers remain the foremost buyers of luxury items at 50 percent, millennials have altered their habits drastically in the past year alone. Keep reading »

Everything You Want To Know About The Economy In 2011

With the slippery slope that’s been the economy, we all want to know how to avoid getting our businesses buried in an avalanche. Lucky for us, JWT Intelligence has broken down the big picture of 2011 commerce trends into an amazingly cool cartoon. Wow, who knew economics could be so entertaining? Keep reading »

Money 101: How To Help Your Parents Through The Recession

It seems like the floundering economy has taken its toll on everyone in some way or another. Maybe you ended up in the unemployment line, or maybe your pantry’s stocked with nothing but store-brand food. And while the financial environment may have led you to cringe whenever you look at your checking account statement, our generation is lucky in that we have plenty of time to recover before we’re ready to start thinking seriously about retirement.

But what about your parents? If they haven’t retired already, they’re probably getting close, and they have much less time to recover if the economy took their finances down with it. Knowing how to help your parents can be tricky, but they may be at a point where they really need you. Keep reading »

Money 101: How To Make The Most Of Reverse Empty-Nesting

Sometimes when you hit rock bottom, there’s only one place to go – back home with Mom and Dad. As layoffs and overwhelming debt are knocking members of our generation on their asses, many are flocking home to the safety net they couldn’t wait to escape at age 18. There isn’t any shame in going home to catch your breath and regroup, but there’s a way to approach the situation so you really do get back on your feet and avoid causing more angst than the My Chemical Romance blaring from your little brother’s room.

The Frisky hit up Rick Kahler, an NAPFA-registered, fee-only financial advisor and author of four books on financial planning and money psychology, for advice on how to move home and get independent without feeling like you’re re-living the turmoil of your Jordan Catalano-crushing youth all over again. Keep reading »

Want A Smartphone With That? American Eagle To Offer Free Phones

Do you ever shop at American Eagle? (We stopped sometime after we realized we don’t belong to a fictional rugby team.) If you don’t frequent the all-American retailer, you might want to start. Come July 21, AE will be offering free smartphones to customers who “try on the company’s jeans,” says the Wall Street Journal. Whoa, was that a fact-checking error, or did we indeed read the word try, not buy? Apparently, all you have to do is wedge your butt into a pair of destroyed skinny jeans (assuming you can actually stand to do this in the ungodly summer heat), and you’ll receive directions to a sign-up website offering free cell phones (the BlackBerry Bold, the Motorola Backflip, and the HTC Aria are the choices), if you agree to a two-year contract with one of the AE listed carriers. Shoppers will also get a $25 American Eagle gift card. All of this is part of a promotion the company is hoping will put them back on track, as they haven’t been able to keep up with the economy and have fallen slightly out of step with style.

It’s an interesting proposition, but we have to wonder … does a free phone for just trying on jeans seem almost too gimmicky? [Wall Street Journal] Keep reading »

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