Articles & Interviews
How Financial Literacy Affects Retirement
It might be assumed that of all age groups, the older generation is the most financially literate. With a lifetime of experiences, they have already made many financial decisions leading up to retirement. But the 2004 Health
Fighting Increasing Healthcare Costs with Reverse Innovation
When you think of the word innovation, what comes to mind? For those in the US and other developed nations, innovation is usually thought of in the context of expensive technology. In the past two decades, high-tech gadgets have changed the
Many Potential College Students are Not Going to University Partly Because of Fear of Debt.
Clearly, there can be problems when students and their families take on too much debt to pay for school. But the pendulum has swung too far. Many potential college students are not going to university, forever hindering
How to think about Prices
Many commentators talk about consumer prices. For example, there is often a great deal of discussion on the Consumer Price Index, or CPI, which is a popular barometer of consumer prices. If you look at a long-term
Transforming Noble Ideas into Novel Solutions
The beacon of development often conjures up images of radical innovations, disruptive models and leapfrog technologies. And yet, as nations attempt to embrace the promises of development, there is often a colossal failure of both imagination and
The Inexorable Logic of Financial Literacy
The future of humanity is irrevocably tied to empowered individuals capable of discharging their obligations and responsibilities. Literacy was a key enabler in our collective civilizational advance. In a similar vein, the evolving context is placing big financial
Web Industries: Investing in Employee Financial Wellness
Web Industries, a material-converting and manufacturing company, was started by Robert Fulton in 1969. In 1985 Fulton began offering stock to the employees, and in 2000 the company became 100 percent employee-owned. Josh Chernin, the Vice President
Cash Transfers Are One Way to Alleviate Poverty in Developing Countries
Worldwide, over 1 billion people live in extreme poverty. That is, they make less than $1.25 a day. Moreover, until recently, about 3 billion people, who represented about half the world population, lived on less than $2.50
Why Our Children Need Financial Literacy
This article is intended for the parents of the upcoming generation. Alan Greenspan, financial guru and former chairman of the Fed, once said that “the number one problem in today’s generation and economy is the lack of
It’s Time for Candidates to Make Simplification of Tax Code an Issue
In 2008, Timothy Geithner was nominated for U.S. secretary of the Treasury. He was voted in by the U.S. Senate, and served from 2009 to 2013 under President Barack Obama. It was later discovered that, even as
Is the Goal Equality?
Since its founding, the United States has been seen as the land of potential greater economic equality. The American Dream promotes the idea that any person, regardless of race, class, or any other social barrier, can find
Our Personal Experiences as Acts of Philosphy, Politics and Economics
As new school and work years begin, it is a perfect time to analyze what we do and, if necessary, make some changes. I am probably the first who needs to amend what I do. Primary among