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Recession
Would You Barter to Get What You Want?
Old-school savings are back in a big way. The recession has created a new generation of coupon clippers and deal hunters. But, it's not just about groceries and retail — even on big items, like home renovation.
Is Your Car's Brand a Part of Your Identity?
Thanks to the recession, consumers are questioning their brand loyalty for just about everything. People who once faithfully bought one brand of paper towels or detergent are switching to lower-cost, generic versions to save money. These brand name concessions seem small, but what if the downturn coincided with your time to buy a new car — could you be faithful to your brand of choice?
7 Small Ways to Save Big When You Eat Out
People are definitely eating differently thanks to the recession. But cutting food costs doesn't mean you still can't enjoy eating out. Tough times for consumers means empty tables at restaurants — and to fill them, restaurants are making menu changes and slashing prices, or offering discounts.
Study: Employers Think Recession Has Caused Fake Sick Days
Is the recession making workers sick? All signs point to yes — at least where attendance records are concerned. CareerBuilder’s annual survey on absenteeism says one-third of workers have skipped work when they were feeling fine at least once this year.
Are Hot Waitresses a Sign of Tough Economic Times?
Economists love to find patterns among their data and analysis; some of them are easy to get behind, and others are kind of a reach. Hemlines are the most talked about economic indicator — typically, hemlines rise during tougher times. The Great Recession brought out a whole bunch of economists sharing alternate indicators like fraying elastic on men's underwear, the increase in long distance relationships, and even the Hot Waitress Index.
Fantasy Gifts Get Made-Under
So maybe you weren't actually going to purchase the $20 million submarine for sale in the Neiman Marcus Christmas catalog, but it doesn't hurt to look, right? Well, actually that may not be the case, anymore. In light of the recession, retailers are scaling back fantasy gifts traditionally offered around the holidays.
YouTube Debtor's Revolt: Too Far or Totally Justified?
In the wake of the recession, it's become increasingly common for credit card companies to jack up interest rates — in some cases, without due cause. Typically, outraged customers seek an explanation via customer service representative – but one disgruntled card holder took her case to YouTube
In the now viral video, aptly titled Debtor's Revolt Begins Now, B of A customer, Ann Minch launches a heated attack on the bank, claiming that her interest rate was raised from 12.99 percent to a whopping 30 percent, despite diligent and timely payments. Her attempts to negotiate with the branch, where she has been a customer for 14 years, were dismissed — until her now infamous rant gained some serious media attention, and was finally seen by one of the Bank's executives, who re-adjusted her interest to its original rate.
Unpaid Internship: Would You Work For Free?
A typical workday means long hours and taking orders from a boss you may not always see eye to eye with. Still, at the end of the day, the promise of a paycheck makes it all worth the hustle. So, what happens when there is no payday?
I'm Asking: How Has the Recession Affected You?
Some of us have fared the recession better than others, but it would have been hard to escape its impact altogether. Whether you've had to work longer hours because of a reduced workforce, endured salary cuts, job loss, ran into trouble with your mortgage or ability to pay your bills, the recession has touched the lives of most Americans. How have you been affected by the economic changes?
12 Recession Lessons to Remember
The Federal Reserve's latest survey of businesses around the country shows the US recession might be over. The recovery is projected to be a slow one and the economy is still fragile, but we can file this piece of news in the hopeful column. Recession or not, we should continue to follow the many lessons from these times of economic uncertainty to keep our financial houses in order — in good times and bad.
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