The typical teen believes it is important to live within one’s means and to have good money habits. But the typical teen also lacks basic financial knowledge and has unrealistic expectations about their earnings potential as adults. The average teen looks forward to an annual salary of $145,000 once they hit the workforce. Boys, who expect to earn $173,000 per […]
Month: May 2007
Was the February market drop a portent of things to come?
Complacency will get you into trouble, at least in the financial markets. Back in February, when the U.S. stock market dropped almost 3.5% in one day (following an 8% plunge in the Chinese market), investors became alarmed, newspapers ran front-page headlines for several days, and television “experts” opined about the market’s sudden volatility. It wasn’t the market that had suddenly […]