How the Great Recession Shaped Millennial Careers

Previously posted on GenFKD.

Our exploration of the formation of the modern economy picks up in the aftermath of the dot-com crash that cost our drunk uncle a pretty penny. Our rollercoaster economy spent the early years of the millennium clinking and clanking back up to the top of the track. But, it was the stomach-churning drop into the Great Recession that defined our generation’s entrance into the workforce. Continue reading “How the Great Recession Shaped Millennial Careers”

Debt’s Double-Sided Sword is Really Sharp on One Side

To many, debt has become a necessary evil to just get by. By getting a debt reduction blueprint, this necessary evil may be a thing of the past. 

You get a job, so you can afford to have a life. But then you spend all your time at work, and end up with no time to live the life you’re working for. Why?

Debt. **Mic drop** Continue reading “Debt’s Double-Sided Sword is Really Sharp on One Side”

What The Rate Hike Means For Us


The silver fox may come bearing gifts this holiday season, as the Fed will (probably) increase the mother of all interest rates—the federal funds rate.federal-funds-rate-infographics1

In an attempt to save the economy from the financial crisis of 2008, the Fed dropped the federal funds rate down to effectively zero. For close to seven years, the rate has not budged. Finally, it seems like the Fed is okay with loosening the grip off the economy’s bike seat, and reigning in some of the money in circulation. Continue reading “What The Rate Hike Means For Us”

Hustlin’ and Bustlin’ of Black Friday

T.G.I.F. takes on a different connotation when talking about Black Friday. Are the deals really worth all the hustle and bustle?

This (very American) holiday that exploits our (consumerist) way of life is showing signs of hope. It’s no surprise that Black Friday has been and is still known to be the top shopping day of the year. However, with the rise in behavioral economics, retailers and consumers have realized that it is also known as the biggest day for irrational behavior.black-friday Continue reading “Hustlin’ and Bustlin’ of Black Friday”

Airbnb Defeats Regulation in San Francisco, Sharing Economy Here to Stay

The new and innovative sharing economy is creatively disrupting the old economy. Airbnb has risen victorious in the battle at San Francisco with “Prop F,” sending a clear message to governments and regulators to back off. Continue reading “Airbnb Defeats Regulation in San Francisco, Sharing Economy Here to Stay”

Is Financial Regulation the Answer?

The Good Ole Days

The financial crisis of 2008 was a scary time in the U.S. Although the early half of Gen-Y had a hard time getting a job after graduation, a large portion of millennials didn’t really suffer feelings of despair, since most were still in their teens and early 20s. We didn’t have to experience first-hand our asset values melting like soft-serve on a hot, sunny day. As for bankruptcy, job loss, and car repossessions — not our style, not our time.

In order to correct the mistakes that precipitated the financial crisis of the Great Recession, the government passed the Dodd–Frank Wall Street Reform and Consumer Protection Act, effectively appointing referees to call out the banks when they step out of bounds or commit a foul against the consumer. In the five years since the Dodd-Frank Act became law, financial stability has increased, but the effects of heavy regulation are starting to seep through the cracks. Unfortunately, those unintended consequences may hinder economic growth, which has been harder to find of late than a politically correct statement from a billionaire real estate mogul with a combover — but I’m not naming names.

Continue reading “Is Financial Regulation the Answer?”