Sound, simple money advice
Chris Farrell Mar 22, 2012
I am 32 years old and would consider myself financially illiterate! I briefly held a credit card, but after a series of rather poor decisions at the age of 20, I got spooked by the idea of credit altogether. When I last checked my score several years ago, it was not surprisingly in the toilet.
In deciding to try and repair my finances, I checked my score today and found that it was (surprise!) 775! So after years of neglect, illiteracy and general incompetence, how do I maintain this incredible turn? Desperately in need of some sound, simple advice! Ryan, Cincinnati, OH
Keep on saving
Chris Farrell Mar 5, 2012
The personal savings rate seems to have moved up to the 4 percent to 5 percent range, despite savers making 0.1 percent to 0.2 percent on their money. We're back to the range that held for much of the 1990s. Considering how harsh the last couple of years have been on so many people -- from young adults seeking their first full-time job to retirees watching their pension values slide -- it's doubtful that the savings habit will erode. Memories aren't that short.
A personal finance lesson from Apple
Chris Farrell Mar 2, 2012
There is an important personal finance lesson in Apple's enormous cash hoard: Savings is an anchor that allows for experimentation, risk-taking and innovation in both companies and at home.
The future of low-cost borrowing
Kai Ryssdal Feb 28, 2012
The Federal Reserve's policy of low interest rates allows the government to borrow money at little cost. But analysts predict it's just a matter of time before interest rates shoot back up.
Save our savings
Chris Farrell Feb 24, 2012
Marketplace economics editor Chris Farrell says it's all very well telling us to save, but where are we supposed to put our money?
Government must promote savings
Chris Farrell Mar 12, 2012
Marketplace's economics editor Chris Farrell says government needs to push sound saving, rather than sound borrowing.
A history of American borrowing
Kai Ryssdal Jan 31, 2012
Borrowing wasn't always thought of as an abstract, impersonal concept. Author Louis Hyman discusses the history of borrowing and his new book, "Borrow: The American Way of Debt."
