Your Money Archives - Page 15 of 17 - Wharton Global Youth Program

On February 2, 2012, the federal government seized $400,000 in counterfeit NFL goods in New Jersey, as knock-off producers tried to capitalize on the hype surrounding the Super Bowl. When it comes to counterfeiting, any product of value can be copied and pawned off as the real thing, violating companies’ intellectual property rights and sometimes posing risks to consumers. …

Is Your Cell Phone a Fake?

On January 5, President Barack Obama announced the Summer Jobs+ program to help get more teens hired for summer jobs. The Obama administration’s commitment to youth employment will help at least some of the estimated 1.4 million young Americans who are out of work find jobs this summer – and learn valuable skills for a lifetime in the job market. …

The White House Helps Teens Get Jobs

Americus Reed is a marketing professor at the Wharton School of the University of Pennsylvania. He is the marketing department’s only identity theorist, which means that he researches the role that consumers’ self concepts play in guiding buying decisions. He spoke with Knowledge@Wharton High School about marketing, brands and how his skill at playing drums and classical guitar grooves well with the patterns of business.…

Americus Reed on Marketing, Brands and the Cadence of Business and Creativity

Are you a subscriber to an online group-buying site? These sites offer deep discounts on all kinds of products and services. The latest news is that Groupon, the most prominent group-buying site, has just completed an initial public offering, which means it is selling its shares to the public. In this article, experts who watch the group-buying site industry consider the success of young, public companies like Groupon.…

Groupon Goes Public

The cost of a traditional four-year college education is skyrocketing. While more U.S. students are enrolled than ever before, a perfect storm of soaring costs, rising student debt and shrinking job prospects has led critics to increasingly challenge whether college remains a worthwhile investment. This Knowledge@Wharton story presents all sides of the argument. What do you think?…

Is Going to College Worth the Investment?

While high school freshmen Hunter Willis and Akshay Chalana have never met, they have similar goals. Both are starting businesses -- inspired by the economic crisis of the past three years -- to improve the lives of people hurt by the recession. Their ideas couldn’t be more different.…

Opportunity from Hopelessness: The Recession Inspires Two Freshmen to Innovate

The recent news that Friendly’s restaurant chain had filed for Chapter 11 bankruptcy led not only to worries about the fate of the Fribble shake, but also questions about debtors-in-possession, stalking horse bidders and overleveraged operations. A bankruptcy lawyer helps to demystify the world of corporate financial restructuring. …

Friendly’s: Where Chapter 11 Bankruptcy Makes the Meal

It is that time of year again: Cars laden with college-bound kids and all their stuff parked curbside at the freshman dorms, and throngs of wide-eyed newcomers exploring campus during orientation. Meanwhile, many college freshmen take on yet another role: student borrower. An increasing number of students are taking out loans to pay for their college education – money they will have to pay back once they graduate, or even if they don’t. Are you ready to be a responsible borrower?…

Big Investment: The Financial Impact of Student Loans

Have you given any thought to financial security? A few basic concepts related to the time value of money can help you fatten your future bank account. High school students from around the country discuss compound interest, discounting and the Rule of 72. Bottom line: The sooner you start saving, the better.…

Why It Pays to Save: Knowing the Time Value of Money

Are you an informed consumer? Champions of a nationwide competition for high school teams and individuals that tests consumer knowledge offer their advice on everything from dorm-room decorations – think ‘require’ over ‘desire’ -- to identity-theft prevention. …

Purchase Power: How to Make Smart Consumer Choices