Recession

State Prisons Saving Money by Shaving Time

Read Part II: "Private Prisons: Lowering the Bar to Turn a Buck" According to the Pew Center on the States Prison Count 2010, "As of January 1, 2010, there were 1,403,091 persons under the jurisdiction of state prison authorities, 5,739 (0.4 percent) less than on De Read more...

Living Hand to Mouth

Living paycheck to paycheck is scary. I should know—it wasn't that long ago that I was doing it. It's more stressful than people realize, one missed paycheck and you could be in serious trouble. I didn't know how to stop the hand to mouth cycle—short of making more Read more...

Paying for College After the Market Plunge

Learn Strategies for Salvaging Your Child's 529 Plan For most families, the cost of a college education is always a challenge. The introduction of the 529 Plan was supposed to make it a little easier for parents to plan and save for this goal, but the recent market dow Read more...

Recession Provokes Domestic Violence

Monday, February 22, 2010, during a Senate debate over job creation, Senate Majority Leader Harry Reid said, "I had met with some people while I was home dealing with domestic abuse. It has gotten out of hand. Why? Men don't have jobs. Women don't have jobs either, but Read more...

Long-Term Unemployment Has Surprising Effects

Unemployment is high. And, it's expected to stay high. Even as the economy slowly recovers, jobs simply are not going to recover fast enough. With less people working and paying taxes there is less money coming in to the states. Many states have already run their une Read more...

Choosing to Better Your Career

It is not news to anyone that the climate of the workplace has shifted dramatically over the last year or so. My clients often tell me that they fear losing their jobs and will do anything required of them to secure their positions. Other clients come to me frustrated Read more...

My Boss is Taking Advantage of the Recession

All the experts agree: unemployment isn't going down any time soon. In fact, many experts, including National Economic Council Director Larry Summers, believe that it may stay high for years to come. Anyone who has a job knows that they are lucky—to a point. Acc Read more...

Do Money Savers Hate America?

Hey Young Money, I’ve seen TV commercials telling me it’s patriotic to spend more money. Should I? Is that true? Other places I hear to save money. Which is right? - Good Guy The old adage is that we, as American consumers, should try to save 5 to 10 pe Read more...

Five Things to Give Thanks For During a Recession

It's hard to feel thankful when you're flat broke and out of work, but even in the darkest times there is always something to feel thankful about. 5. Beauty. Whether its art, nature or that girl in your Psych lecture... you should be thankful that beauty exists. With Read more...

Is the Recession Over?

Q: Hi Matt, do you think the recession is over? I’ll be graduating from college this December and then looking for a job. I’m hoping the economy will be better by then. What do you think? Thanks, Renee A: In September, 2009, Fed chairman Ben Bernanke men Read more...