Many Americans who once sat solidly above the millionaire mark have seen their assets decline during the financial downturn, reducing their net worth (excluding their primary residence) to six figures rather than nine. While these folks might not be eating PB and J for lunch everyday, it's never a good feeling to watch your assets slide downward.
A consulting firm surveyed US households worth at least $1 million and found that these Americans aren't too optimistic right now.
on Yahoo! |
There aren't too many businesses that grow when there's an economic recession, but sometimes the circumstances are just right for success. Can you guess which type of business has shown ample growth through tough times?
on Yahoo! |
For every boring job out there it seems there's one career that we've never heard of, whether it's one of the oddest jobs of 2008, one of the best-kept-secret careers, or a job that's just starting to gain popularity. Yahoo! found six unusual jobs that also happen to pay quite well.
on Yahoo! |
Most retailers have reported weak sales during the typically profitable holiday season, leading to deeper post-Christmas discounts than usually offered. One online store stands out as having its best-ever holiday sales, trampling last season's numbers and its competitors. Can you guess which retailer is sitting prettiest?
on Yahoo! |
It's time to test how much Savvy knowledge you retained this week. Find out how closely you've been paying attention when you take this quiz. Not feeling confident?
on Yahoo! |
The Federal Reserve announced an unprecedented move yesterday when it decided to cut the target fed funds rate to a range of zero to 0.25 percent. The target benchmark rate is a new low and is part of the Fed's overall effort to combat the recession.
The value of the dollar has been falling since late October when the Fed lowered rates to 1 percent, and it's possible that other currencies like the euro could continue gaining in strength against the dollar.
on Yahoo! |
This time of year it feels like I'm constantly at the grocery store. Between baking and cooking dishes to bring to parties or hosting my own guests, it seems there's always something that I need to pick up. These expenses add up, but luckily there seem to be a lot of grocery deals lately.
on Yahoo! |
It's time to test how much Savvy knowledge you retained this week. Find out how closely you've been paying attention when you take this quiz. Not feeling confident?
on Yahoo! |
I really wish that I had some good news to report regarding employment, but it's tough to dig up a silver lining when unemployment claims in the US have hit a 26-year high. Many of us have never seen numbers like these in our lifetimes, so let's see how much you know about employment right now. Think of it as an opportunity to brush up on current events.
on Yahoo! |
It's time to test how much Savvy knowledge you retained this week. Find out how closely you've been paying attention when you take this quiz. Not feeling confident?
on Yahoo! |
Enter your email below:
|
