People whose savings goals align well with their dominant personality traits are more likely to save money, according to research published by the American Psychological Association.
Tag: Personal Finance
Research: Employees give better tips to taxi drivers when their company performs well in the stock market
With National OverTip Day coming up March 10, new research from Binghamton University, State University of New York reveals that employees at public companies tip their taxi drivers more on days when their companies perform well in the stock market.
New Report Analyzes American Families’ Financial Resilience Since the Great Recession
WASHINGTON (Aug. 12, 2021)—The Global Financial Literacy Excellence Center at the George Washington University (GFLEC) and the Center on Longevity at Stanford University today released a new report and policy brief titled “Financial Resilience in America.” In the report, the…
Tom Stanley: He transformed the way we view wealth
It has been a quarter of a century since Thomas Stanley, who received his doctorate in business administration in 1974 from the University of Georgia, wrote the bestselling book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.” Co-authored with a former student, William D. Danko, the book’s enduring and timeless message was that many wealthy individuals grew rich on an average salary, through hard work, modest spending, careful saving and taking the occasional calculated risk.
Large Number of Americans Reported Financial Anxiety and Stress Even Before the Pandemic
A substantial number of adults in the United States between the ages of 21 and 62 felt anxiety and stress about their personal finances well before the onset of the COVID-19 pandemic, according to a new report published today by the Global Financial Literacy Excellence Center at the George Washington University.
Health savings accounts often overlooked as a financial strategy for building personal wealth
Many experts have praised health savings accounts – commonly known as HSAs – for providing a triple tax break. Money is deposited pretax, can grow tax-free and is not taxed when it is spent, as long you as the expenses are eligible. During the pandemic, they have become an important way to save for unexpected healthcare costs. But for those graduating from college and beginning a new career, health savings accounts also can be the first key to accumulating wealth, according to a new article by Greg Geisler, clinical professor of accounting in the Indiana University Kelley School of Business.
Tax Season Kicks off Tomorrow: Kogod School of Business Tax & Accounting Experts Available for Interviews
WHAT: With changes to tax codes and policies due to COVID-19, tax preparers, CPA’s and individual filers may need additional help to understand the changes. In addition, tax season is shorter, with the IRS accepting taxes starting this Friday, February…
New Insights for Effective Financial Education Using Intuit’s Mint
A new report from the Global Financial Literacy Excellence Center at the George Washington University School of Business and Intuit, the global financial management platform, offers findings that can help educators better create effective financial education programs.
Saver or spender? People are not as financially responsible as they may think, study shows
According to new research from the University of Notre Dame, people think they are more financially responsible than they actually are.
Older Americans may find it difficult to adapt to a cashless society brought on by COVID-19
A cashless society could be what consumer life after the COVID-19 pandemic looks like, but older Americans may find it hard to adjust to this new reality, according to Plamen Nikolov, assistant professor of economics at Binghamton University, State University…
Expert: Want to avoid drowning in COVID-19 debt? Try an installment plan
The COVID-19 pandemic is putting a heavy financial burden on many Americans. To avoid spiraling into debt, you could take advantage of installment plans, says Subimal Chatterjee, distinguished teaching professor at the School of Management at Binghamton University, State University…