// Economy
Economy
Letting Parents Pay For Your Home Down Payment
I just read about a study that revealed eight out of 10 first-time property buyers in England are receiving cash from their parents to foot the down payment. It's apparently the highest percentage that they've ever measured, more than two times the number in 2005. This is attributed to the global financial crisis, and English banks now require a deposit too high for people to pay without assistance from mom and dad.
Want to Explain the Credit Crisis to Friends? Watch This Video
We keep reading about the latest financial reforms that were created as solutions to the economic crisis, but do some of the terms leave you more confused than ever? I often refer friends to the video The Crisis of Credit Visualized, created by media designer Jonathan Jarvis, which gives a simple explanation of what happened in just 11 minutes. It's one of those "If you don't know, now you know!"
10 Healthy Recession Induced Habits
The question, "Is the recession good for society?" is a tough one. On the one hand, the universal lack of job security, tanking economy and stress of maintaining quality of life (or even keeping a roof over your head) is almost immeasurable.
Are You a NEET?
If so, you may be feeling the effects of our current recession for years, or even decades, to come. NEET is a British term for young people of leisure — those "not in employment, education, or training" — and their numbers are growing.
Since this recession has seen more hiring cutbacks than layoffs, those attempting to enter the workplace for the first time (like recent graduates) have been hit the hardest.
Freegans Revisited: Frugal or Too Far?
When Oprah featured a group of freegans on her show a couple years back, it didn't seem like a movement with a ton of staying power. After all, wouldn't the novelty of digging through the trash wear off pretty quickly? But according to an in-depth piece in this week's New York Times Magazine, freeganism has become much more than just Dumpster-diving.
The Unemployment Debate: To Settle or Not to Settle?
Although experts claim the recession is over, a whopping 84 percent of you beg to differ. This morning, a local public radio show in SF tackled the topic, and opinions were pretty divided there, too.
One of the questions raised on the show was whether unemployed Americans should be taking a little extra time to find a job that’s the right fit, or whether they should jump at the first opportunity that comes their way, even if they’re overqualified.
What's Your Take on Our Recovery Status?
According to an optimistic piece in the New York Times, economic recovery is well within our sights, in fact, we may already be there. Still, there are some who aren't so quick to call the recession over and done with. Even President Obama recently referred to the recession in present tense.
Staycation Is the Best New Word of 2009
It was a favorite activity in 2009, and now it's your choice for best new word of the year, too. "Staycation" is hands down your favorite word of the year, with 55 percent of the vote. We love the idea of relaxing at home, and turning our own places into vacation destinations.
Unemployment Is Hitting Americans Where It Hurts
The recession has affected us all in one way or another — if you haven’t experienced salary freezes or cuts, layoffs, or home foreclosures over the past year or so, odds are someone you know has.
But, what about the recession’s less tangible effects? A New York Times/CBS News poll released this week explores the emotional fallout of being unemployed, and the results are sobering.
Merry Recession Christmas Cards: Would You Send Them to Friends?
If I had a quarter for every time I was exposed to the word recession this year, I'd have a pretty little fund built up for holiday gifts. The economy has been the cause of so much stress and heartache, and it's hard to want a reminder of those feelings during a time that's supposed to be joyful.
There's a line of Merry Recession Christmas cards that is banking on the recession having a place in this holiday season.
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