By: Xiong Yue A Chinese fable called “Three in the Morning and Four in the Evening,” relates this story: An old man in ancient China wanted to reduce his pet monkeys’ food as he can’t afford the previous amount any longer. He first told them that he would reduce the monkey’s ration to three acorns […]
Archives for March 2017
Want to save the easy way? 13 ways to stop wasting money today
Let’s be honest: we waste a lot of our hard earned money every single day. Whether it is that daily trip to the coffee shop or spending money on a gym membership you’ll never use, consumers might as well throw their money out the window. Many households are cash-strapped and are living paycheck to paycheck. […]
Indian PM urges citizens to join in the war on cash
The government of India is now asking its citizenry to participate in the war on cash. Indian Prime Minister Narendra Modi urged the people on Sunday to use less cash, rely more on digital transactions, fight against money on the black market and combat corruption. These remarks come after he banned the nation’s two largest […]
‘Trade-in treadmill’ causing credit risk for lenders in auto loan market
Last year, automobile loans for new and used vehicles topped $1 trillion. Today, total auto loan debt stands at a little more than $1.15 trillion, and 30- and 60-day delinquency rates have been creeping up for the last couple of years. Because student loans and consumer debt regularly dominate the news cycle, this area of […]
U.S. taxpayers spent six billion hours, $234 billion on tax compliance in 2016
Taxpayers in the United States spent more than six billion hours and $234 billion every year on tax compliance, says a new study from the Tax Foundation. Will this change under the Trump administration? Pete Sepp, president of the National Taxpayers Union, told an event on Monday that tax compliance costs Americans $234 billion annually […]