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Tag Archives: economy
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 »
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 »
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.
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 »
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.
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