Your Money Archives - Page 16 of 17 - Wharton Global Youth Program

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

Inflation: What It Is, Where It Comes From and How It Can Bite You

Ever wonder where the change in your pocket comes from? The U.S. Mint, Federal Reserve and your local bank are all involved in the process. And the U.S. government actually makes money from making money – who knew that a quarter only costs 12.78¢ to make? Chris Donato, a teen from upstate New York, has all these facts and more at his fingertips – along with a lot of coins – as a 2011 Young Numismatist of the Year.…

Where Money Comes From: How Collecting Coins Helps Trim the National Debt

Everyone has been feeling the effects of the “Great Recession,” a deeply troubled economy that began at the end of 2007 and has continued to impact the way we live through high unemployment rates, rising gas and food prices and other financial struggles. Latest reports show the U.S. recovery, which would lift the country out of these tough times, has faltered. When will the economy improve?…

The Economy: When Will Happy Days Be Here Again?

JB King is a director at Ernst & Young, one of the world’s largest professional services firms and one of the Big Four accounting firms, along with Deloitte, KPMG and PricewaterhouseCoopers. The Big Four handle most of the financial audits for publicly traded companies. But don’t expect to see King accessorizing with a pencil and green plastic visor anytime soon. In this essay, King describes a very different view of life as an employee at a Big Four accounting firm.…

Inside Accounting: ‘There’s Room among the Pencil Pushers for Creative Types Like Me’

If you believe the statistics -- a more than 17% unemployment rate for 16- to 24-year-olds -- lining up a job this summer could be challenging. And yet, a new U.S. Department of Labor “Summer Jobs USA” campaign is motivating employers like UPS and Toyota to put America’s youth to work. Opportunities are available if you know where to look. …

Where Are You Working this Summer?

At the end of May 2011, one particular business headline referred to both private equity and pepperoni. California Pizza Kitchen, a restaurant chain, agreed to be acquired by private equity firm Golden Gate Capital for $470 million – yes, that’s a lot of dough. The students in Christina Feng’s business and entrepreneurship class at Martin Luther King Jr. High School of Arts and Technology in New York City were following this and other deals as they studied the big-money, fast-paced world of mergers and acquisitions – M&A for short. …

Big-Scale Buying and Selling: Dealing in Mergers & Acquisitions

Gasoline is one huge expense of car ownership – and the other is insurance, which all drivers legally need before they can get behind the wheel. Accident-prone teens are especially vulnerable to high insurance premiums. You can take some steps to keep your costs low and your chances for reduced future payments high. How’s that report card?…

Driver Alert: Car Insurance Will Cost You