What’s the single best predictor of bankruptcy?

The answer may surprise you

Elizabeth Warren is an American attorney, law professor and a candidate for the United States Senate. She built her career studying bankruptcy and credit issues on families’ household finances, authoring several books, including two books she wrote with her daughter, Amelia Tyagi. In one of these books, The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke, Ms. Warren and Ms. Tyagi uncovered some startling statistics. 

According to Ms. Warren and Ms. Tyagi, “Motherhood is now the single best indicator that an unmarried middle-class woman will end up bankrupt.” 

But it’s not merely single moms. The authors attest that “having a child is now the single best predictor of bankruptcy and this holds true even for families with two incomes.”… 


How much is your money worth?

A primer on the power of inflation

You’ve seen it at the gas pump. You’ve seen it at the supermarket. You’ve even seen it at the clothing shops, shoe shops and jewellery shops (wait, now this is serious…). It’s called inflation and what it means is that prices for everything are on the rise. 

In theory, inflation is healthy. An economy with gently, steadily rising prices is a growing economy. Ideally, wages are rising in sync with prices, so that affordability is maintained. If a Little Black Dress (LBD) that cost $100 last year costs $102 this year, you won’t notice too much if you got at least a two percent increase in your paycheque this year as well… 


The Economics of Pretty

Do good looks and good grooming really pay? 

Ever since the ancient Greek tale of Helen of Troy, “whose beauty blunted their swords,” there has never been a doubt that physical attractiveness can be powerful. Yet in a society where women have fought for equal rights and authority in the world of business, does it not seem anachronistic to consider beauty as a means of getting ahead? 

Catherine Hakim, a professor at the London School of Economics, says women in the workplace can’t deny that looks are an important factor for success. Her book, Honey Money: The Power of Erotic Capital, suggests that appearance – including attention to hair, makeup and clothing – communicates how you relate to people and your level of energy… 


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