Bernie Madoff was supposed to be the last descendant of Charles Ponzi—or so I thought. I wasn’t wrong to think that, because Bernie’s Ponzi scheme was so expansive, so spread out, and drew celebrity-like attention with royal-wedding-style media coverage. I...
Abstract Middle-class Americans maintain a structurally unequal relationship with the country’s largest banks. This asymmetry stems from persistent financial literacy gaps, the complexity of modern banking products, behavioral design that nudges consumers into costlier outcomes, and the scale advantages enjoyed...
When most people think about emergency funds, they picture young families or working professionals setting aside cash for unexpected car repairs or job loss. But here’s the truth few talk about: retirees need emergency funds just as much — if...
Budgeting can feel like a never-ending balancing act for families. Between the mortgage, kids’ activities, rising grocery bills, and saving for the future, money often feels like it disappears the moment it arrives. Many parents find themselves asking: “Where did...
