Your Money Archives - Page 12 of 17 - Wharton Global Youth Program

The recent release of the annual Trustees Report for Social Security has people fretting over the future of federal retirement benefits. By 2033, the Social Security program will not collect enough in payroll taxes to fully cover the estimated benefits it will pay out in a given year. Basically, that means less money in your pocket. The good news is that knowledge is power – the more you know, the better prepared you can be financially.…

Live Long and Prosper: Planning for a Social Security Shortfall

In this age of astronomical college costs, some higher ed institutions are getting creative. Clarkson University has developed a new scholarship for young entrepreneurs and innovators that supports their businesses while also giving them a break on tuition. Says one high school innovator: “It’s life-changing.”…

Speed Cubing and Scholarships: Teens Exchange Business Equity for Tuition

Word out of Washington, D.C., this week is that GDP is on the rise. What does that mean for the economy and your financial and job prospects? High school economics whiz Robin Li and others demystify the significance of Gross Domestic Product.…

GDP: The Rock Star of Economic Indicators

In honor of the comeback of Donald Trump’s “Celebrity Apprentice,” in which the real estate tycoon must fire a new contestant each week, KWHS looks at the realities of job loss. Someday you may receive a pink slip at work, but as experts suggest, it is most likely a career opportunity in disguise. …

You’re Fired! Now What?

Some 75% of kids ages 12 to 17 use their own cell phones to place calls, text and search data. How much is that costing you? Now’s the time to learn the economics of your cell phone so that you’re better prepared to track usage and contain costs when mom and dad cut the cord. …

Do U Know the Economics of Your Cell Phone?

Fuel economy is a much-discussed topic among those looking to save money – especially with the unpredictable and often escalating fuel prices. Even if you can’t afford a hybrid vehicle that runs on both gasoline and electricity, you can cut fuel costs through better purchasing and driving habits. Helen and John Taylor, who have 46 Fuel Economy Driving World Records, share their secrets for saving at the pump.…

Tools for the Tank: Tips from World Record Holders in Fuel Efficiency

Since being introduced in 1985, the number of credit cards issued in China has grown at an astonishing rate, reaching 285 million in 2011, five times the number in 2006. MasterCard projects that annual credit card spending in China will more than double by 2025, and over the next decade, the country is expected to become the largest credit card market in the world by number of issued cards, overtaking the United States. This article, written by William Hart, Thomas Kidd, Lane Rettig and Nicholas Walker, members of the Lauder Class of 2014, takes a look at consumer credit in China.…

Credit in China: A Culture of Consumer Spending?

Lady Gaga Fan and Landlord: Willow Tufano’s Real Estate Investments

These days the business of art is a high-priced game that favors big-name collectibles, such as Andy Warhol’s “Statue of Liberty” and Mark Rothko’s “No. 1 (Royal Red and Blue).” And while auction powerhouses Christie’s and Sotheby’s expect a busy November, the global art market is feeling the effects of a weak economy. …

Masterpiece Theater: Christie’s, Warhol’s Lady Liberty and the Art Auction Market

Do you have your own bank account? If you do, or if you’re thinking about opening one, you are no doubt on a path to financial fitness. Bank accounts help you save and budget your money and, more importantly, they help illustrate a fundamental financial concept: You can only spend the money you’ve got.…

Opening a Bank Account: Be the Boss of Your Own Money