Tag Archives: inflation

Succumbing to Lifestyle Inflation

Some folks believe earning a higher income is a valid excuse to submit to lifestyle inflation. But I don’t think lifestyle should necessarily be tied to active income because job security is a fickle pickle. However with a strong framework of growing passive income, a little lifestyle inflation is not only acceptable, but I would even recommend it because YOLO.… Read More »

Wharton School’s Financial Quiz

A new study by the University of Pennsylvania’s Wharton School found that adults in many countries make money decisions with surprisingly little financial knowledge. Researchers asked people in 18 countries THREE simple financial literacy questions about interest rates, inflation and investing. When Americans over 50 years old were asked these 3 questions, only 50% could answer the first two questions correctly. Furthermore, just 33% knew the correct answer to… Read More »

Why Does Ben Bernanke Still Have A Mortgage?

Difficult to Refinance You know the credit market is tight when the former Chair of the Federal Reserve can’t even refinance his mortgage. 😛 If that’s of interest to you, you’re not a loan. 😀 Ben Bernanke graduated with a Bachelor of Arts in economics in 1975 from Harvard University. He later received his Ph.D. in economics at The Massachusetts Institute of… Read More »