Can You Cash in on Facebook's $5 Billion IPO?


Updated 02/06/12 1:50 PM · Posted by · 1 comment

How Do I Buy Facebook Shares?

Everyone's buzzing about the Facebook IPO, and after hearing about how many billionaires and millionaires the IPO will create, you might think that it's your chance to make money off this cash cow. But first, you need to educate yourself. What's the deal about IPOs? Facebook used to be a private company, which means its shares were not sold to the public. Once a firm goes public, it's on the Read more

How Long Should Unemployment Benefits Last?


Updated 01/18/12 2:02 PM · Posted by · 1 comment

How Long Do Unemployment Benefits Last?

Everyone has a strong opinion on unemployment benefits because while it's helpful for those down on their luck, there are instances where the system is abused. Extending unemployment benefits is actually quite a hefty cost for the government — extending unemployment benefits in the last four years cost us $185 billion, says CNN Money. Then again, some experts argue that the money the unemployed Read more

How the American Airlines Bankruptcy Will Affect You


Updated 11/29/11 12:53 PM · Posted by · 0 comments

How Will American Airlines Bankruptcy Affect Me?

There's always a feeling of confusion when a major retailer goes bust, but what we really want to know is what it means for us and how we'll be affected. American Airlines announced it was filing for bankruptcy this morning, which leaves loyal customers wondering what's going to happen to their miles and if it's going to be harder to book a flight with them. Here's a quick roundup of burning Read more

Write a Letter to Obama and He May Send You a Check


Updated 10/22/11 3:10 AM · Posted by · 0 comments

How to Write a Letter to Obama

It sounds pretty incredible but President Obama actually reads some of the letters people write to him, according to the Washington Post. Apparently, the head of state reads 10 out of the 20,000 letters sent to him daily and says it's a great way to feel connected to people as well as a good reminder of why he decided to run for presidency. The Post says: "A few times during his presidency, Obama Read more

What Exactly Is Occupy Wall Street?


Updated 10/11/11 6:22 PM · Posted by · 0 comments

What Is Occupy Wall Street?

You might have heard about Occupy Wall Street, a nationwide movement spurred by the frustrations that many hold about the economic state of this country. The protesters are unhappy about a number of issues. Mainly, the great disparity between the wealthy one percent versus the 99 percent of the general population and the fact that banks weren't held accountable for their actions that brought Read more

6 of the Weirdest Economic Indicators


Updated 10/11/11 6:24 PM · Posted by · 0 comments

Weird Economic Indicators

Experts rely on dry statistics such as unemployment figures and the consumer price index to gauge where the economy is going, but there are other less serious ways to monitor our financial state. Even you can get your finger on the pulse of the economy by observing the trends you can relate to. Here are a couple of the weirdest economic indicators: Divorce rates: A rise in divorce rates is a Read more

Brilliant or Baffling: Norway's Luxurious Prisons


Updated 09/23/11 6:57 PM · Posted by · 2 comments

Norway's Luxurious Prisons

Norway's prisons seem like holiday resorts, and it's clear that a lot of money is being spent on them. In the second largest prison in Norway, the Halden Prison, inmates are treated to a flat-screen TV in their individual cells, and up to 10 to 12 cells share a kitchen and a living room. There are also rock climbing walls, a recording studio, and an official high school within Halden. About $1 Read more

Tax Hikes For the Rich Is Not "Class Warfare," Says Obama


Updated 09/21/11 8:13 PM · Posted by · 6 comments

Obama Says Tax Hikes For the Wealthy Are Not "Class Warfare"

The White House is proposing a new tax rate for the wealthy — those earning more than $1 million will have to pay, at the very least, the same percentage of taxes as middle-income Americans are paying. It's called the Buffett Rule, and it's part of the debt reduction plan President Obama proposed today, which aims to reduce the federal deficit by $3 trillion in the next 10 years. However, there Read more

The US Credit Rating Downgrade: What It Means For You


Updated 08/10/11 12:20 AM · Posted by LearnVest · 0 comments

The US Credit Rating Downgrade: What It Means For You

We're thrilled to present this smart LearnVest story here on Savvy! You’ve probably heard the news already—our country’s credit rating just took a dive. On Friday evening, Standard & Poor’s, one of the world’s three major credit rating agencies, dealt a major blow to the United States’ financial psyche by announcing that it has downgraded the country’s credit rating from AAA Read more

Prepare For Credit Card Rates to Go Up


Updated 08/09/11 12:20 AM · Posted by · 0 comments

Prepare For Credit Card Rates to Go Up

You've probably heard the news that Standard & Poor’s, a credit rating agency, downgraded the US from its AAA rating to AA+. How does that affect us, you might wonder. Well, many experts believe the lower rating will cause a rise in credit card interest rates of up to five percent. This change will only affect cards with variable interest rates because the Credit CARD Act of 2009 protects Read more