Tag Archives: economy

More Men Are Moving Into “Pink Collar” Professions

Jessica WakemanMay 22, 2012 //
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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

Rachel KrauseMay 17, 2012 //
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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

SimchaDecember 30, 2010 //

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

Colleen MeeksNovember 22, 2010 //

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

Colleen MeeksOctober 22, 2010 //

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

Leonora EpsteinJuly 12, 2010 //

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 »

Rich People Shop At Kohl’s?

Leonora EpsteinApril 16, 2010 //

There are two types of wealthy people. Those who go on reality television to show off their private jets and bling and Caribbean estates. And then there are rich people who are also cheapskates, and won’t spend money on peculiar things, like clothes. (Come to think of it, Daddy Warbucks did wear pretty much the same outfit every day.) Or so it seems, according to surprising new research about where they shop. Check out the full infographic after the jump. Keep reading »

Sign The Economy Is On The Up? Black Is Out, Bold Is In

Leonora EpsteinApril 15, 2010 //

When the economy hit its first slump, the fashion industry became one of the many lenses through which we measured the damage. So, it’s only natural to gauge the recession’s overall improvement by monitoring positive changes in the fashion world. Today, The New York Times asserts that a resurgence of bright, bold clothing is a tell-tale sign that the economy is recovering.
Keep reading »

Chic Young Things Are Investing In Luxury Weaponry

Leonora EpsteinDecember 8, 2009 //

The fashion industry might be speeding straight into an iceberg à la the Titanic, but apparently there’s one consumer market that’s beginning to thrive in this crappy economy: luxury guns. Gunmaker Purdey & Sons is responding to this by increased production on a new model, which is described as “entry level.” From a Bloomberg report on the company’s move, it kind of sounds like the people who stopped purchasing handbags are the ones now supporting the luxury weaponry industry: “Buyers today are young, fashionable and wealthy, whereas the gun buyers of the past were older gentlemen with less money to spend.”

Weird, right? Are you in the market for one of these bad boys? [Agenda Inc] Keep reading »

I’ve Lost My Passion For Shopping

Leonora EpsteinNovember 8, 2009 //

I don’t know what’s happened to me. I used to love shopping. Next to having sex, drinking, and eating great food with friends, shopping used to rank pretty high on my list of activities that make me happy.

And no, I was never one of those girls who “bought to fill the void” or anything like that. As a fashion lover, the biggest draw of hitting the boutiques was a satisfaction of being able to change my style with something simple. I never dumped huge amounts of money on clothes, but I definitely had patterns. Maybe one nice designer purchase every three to four months; one to three smaller things per month like tops, accessories, and sometimes shoes from places like Urban or Forever 21. I rarely bought out of necessity.

Now that’s not the case … Keep reading »

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