When Suze Orman applied to appear on the show in June 2012, she was a young doctor making $58,000 a year with $240,000 in student loans from medical school and $40,000 in credit card debt. As a divorced mother of three who also cared for a terminally ill parent, June’s income barely covered her living expenses. … Read more
The coronavirus recession has changed financial goals and habits for many Americans. An economy that had begun to recover is now collapsing again, with millions still out of work and others facing prolonged periods of reduced hours and reduced pay. At the same time, coronavirus cases continue to rise across the US, signaling that the country … Read more
I don’t even know where to begin,” Cindy Steinberg told me after her husband’s death. “I’m just trying to stay on top of the bill. I don’t even know all the passwords to bank accounts and investments.” I heard this repeated from all the recent widows – and widowers – I’ve spoken to. While the family is in … Read more
There are two universal principles regarding the fairness of employee compensation: (i) most people feel that they are undercompensated and (ii) the same people feel that their friends and neighbors are overcompensated. There are many reasons for this phenomenon, but for our unscientific purposes it is sufficient to think of fairness as beauty – it is … Read more