The latest on the online economy, tax morale, and how climate change could threaten your retirement
Here are some favorite personal finance reads from around the web this week.
Has online shopping actually saved us any money?
—The Washington Post
When given access to credit card transactions, researchers were surprised by the size of the online economy, a sector totaling $21.2 trillion over a 10-year period. This data isn’t usually analyzed to assess economic growth, inflation, or income equality, which could mean policymakers may be working with inaccurate (and incomplete) information.
Why Americans don’t cheat on their taxes
—The Atlantic
Nearly nine in 10 Americans think it’s unacceptable to cheat on your taxes, making the U.S. one of the leading countries in tax compliance. Economists believe it’s because we have “tax morale” which shows our trust in democratic values and civic pride, despite recent years of declining faith in government.
‘We will miss the warm winters.’ Retirees are fleeing Florida as climate change threatens their financial future
—Money
Florida is a popular destination for retirees, but economists have noticed a trend of adults ages 65 and older moving out of the state due to climate change. Those fleeing the Sunshine State want to avoid the financial losses from hurricanes as well as insurance hikes that come with living in a disaster-prone area.
‘Divorce is like going through a terrible recession’
—MarketWatch
While men and women cite different reasons for being unfaithful, infidelities bear more than just emotional costs. These married people reveal the price tags of having an affair or a painful divorce.
Craving more financial finds? Here are my latest blog posts!
Why fintech and personal loans could add up to trouble
Unsecured personal loans reached a record high of $138 billion last year, partially due to the rise of marketplace lenders using fintech to make borrowing easier. But before you apply online, here’s what you need to know.
A better job might not mean a better salary
Unemployment may be low, but wages are still down. Despite the lack of economic policy changes, workers can still get a better salary if they follow these tips.
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