1) Whoa baby
Female insolvency rates in the U.K. have risen to record levels, reports Guardian Money here.
Women apparently now account for 48% of personal insolvencies, the highest level since 2007. The increase is attributed to a disproportionate number of job losses among women, many of whom work part-time.
A separated study noted in the article suggests that these troubling economic times are causing more women to postpone having babies, or else scrap motherhood plans altogether. Kinda sad.
2) Budgeting for a recession
Through the mounting debt dramas in eurozone and the U.S., New Zealand may fare better than most. Still, economic certainty is far from assured.
Here Investopedia. prescribes how to budget for a recession.
3) Uni savings plan
There's a fair bit of talk about university fees being the 'next bubble.' Dwindling job prospects and growing unemployment in many parts of the world, lend this theory some credence. I feel lucky, I went to university when it was still relatively affordable.
This blog from financiallypoor.com takes a bearish view on the value of a tertiary education right now. The author, a college drop-out suggests not going to school is the best saving plan you can take out currently. And here's Paypal founder and Internet billionaire Peter Thiel talking about the Upper Education bubble at TechCrunch. Thiel featured in the Social Network and has invested in Xero and Pacific Fibre in New Zealand.
4) How to invest and be fabulously rich?
There's a paradox about wealth building. While the end result might involve getting rich, by obsessing on that end goal it will always remain elusive.
Well, that's what some believe. Here wealthpilgram.com discusses the building blocks of wealth in basic terms.
I was recently reunited with a picture and note given to me by my late grandfather who had some advice of a similar nature; he recommended the slow but steady approach taken by Aespos' tortoise was the way to go. Strawberries fields await.
5) Bad Macro, Good Micro
Deutsche Bank AG CEO Josef Ackerman earlier this week describe the roller coaster movement in the markets as the "new normal."
Despite the sovereign debt woes, many corporates are actually in good shape.
Here Forbes Money explains the two contrasting forces at work and why dividend yielding stocks could be the salvation for retirement investors.
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