Consumed - Most Recent

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2

Middle-class parents weigh the costs of getting their kids ahead

Jun 14, 2013
Is spending to give your kids a leg-up worth it? How much would you be willing to sacrifice?
Posted In: consumer behavior, children, middle class
6

Economic value check: How much is enough?

Jun 14, 2013
Can we afford the consumer economy? Yes, but there are costs. And not all of them have dollar signs attached. Let's talk about values.
Posted In: consumer, Sports, baseball
0

By the Numbers: Consumed Day 5

$169

The cost for a "Front of the Line" pass at Universal Studios in Hollywood. A standard ticket will set you back: $84. (Universal Studios)

6

How many times more carbon pollution you create by booking a first class ticket over one in coach. (Washington Post)

15,000

The number of enrolled Harvard students who have taken Michael Sandel's class "Justice" over the years. Sandel studies the consumer economy, and he also wrote the book, "What Money Can't Buy". (EdX)

$11.23 trillion

The amount of total consumer debt in the United States as of March 2013. That's down from its peak of $12.68 trillion in September of 2008 -- but it's is still at a much higher level than the early 2000's. (NY Fed)


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Jun 14, 2013
1

Millennials face uncertain future with part-time work

Jun 14, 2013
Many of America's 8 million underemployed are young -- of the Millennial generation -- and they are just getting by by working several part-time gigs at a time.
Posted In: Jobs, graduate debt, millennials, unemployement
4

How putting a price on something can change everything

Jun 14, 2013
Why do Major League Baseball games take so long to play these days? Because the Oakland A's found that the best way to produce runs is to draw a lot of walks. So baseball became a game of hitters waiting out pitchers.
Posted In: baseball, statistics, Sports
0

Infographic: The consumer economy at a glance

Jun 14, 2013
Before we answer the question of whether we can afford the consumer economy, we have to know how much we're spending.
Posted In: infographic, consumer spending
3

Father of modern 401(k) says it fails many Americans

Jun 13, 2013
Ted Benna was a pension consultant who noticed a new tax code provision, K, added to Section 401. He never intended the retirement plan that resulted to replace pensions or become so complicated.
Posted In: 401k, retirement savings, retirement planning
15

What do you 'need' today that you didn't have five years ago?

All week, we've been looking at the consumer economy as it stands today, and where it is (and should be) going in the future. In order to think about what it all means, we have to look at our own behavior. So we want to know: What do you feel like you absolutely need today that you didn't have five years ago?


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Jun 13, 2013
0

By the Numbers: Consumed Day 4

1978

The year that Ted Benna, the father of our modern retirement fund system, stumbled upon an obscure add-on to tax code 401 -- otherwise known as the 401(k). (Marketplace)

27 percent

The drop in the value of the average 401(k) plan tracked by Fidelity Investments during the financial crisis. (Reuters)

$120,000

The amount the typical middle-class household nearing retirement has saved -- one-tenth what many say it needs. (Center for Retirement Research)

25

The age you are supposed to start saving for retirement by... and never stop. (Fidelity)

320

The number of acres the government offered homesteaders to go to Montana in the 1910s and start to farm. (Marketplace)


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Jun 13, 2013
3

Report: To save for retirement, never stop working (no, this isn't an Onion headline)

Jun 13, 2013
Can we really save for retirement in this consumer economy? There's plenty of advice. Try to follow it.
Posted In: retirement planning, Retirement, Fidelity

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About this collection

You hear it a lot: For the economy to get better, we all have to spend more. Consumer confidence, consumer spending, consumer interest, consumer debt.... it's the consumer economy. But didn't spending too much get us in trouble a few years ago? Can we afford the consumer economy? Marketplace explores how we consume, what we get from it, what it costs, and whether we can keep it up.

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