February 6, 2014
The Taylors overdraft their checking account every two weeks, on purpose.
January 31, 2014
This week’s New and Noteworthy includes resources to help distinguish between e-money and Bitcoin, find out more about the US Postal Service’s possible expansion of financial services, and explore the impact of the financial crisis on banking behavior in the US.
January 28, 2014
We’ve crunched the numbers and compiled the list of FAI’s most viewed posts of last year:
January 28, 2014
“Wow, the consumer knows about that?”
January 24, 2014
This week’s New and Noteworthy highlights the power of heuristics in decision making, a theory on the future trajectory of Bitcoin as a global currency, and the economics of strengthening payments security.
Imagine you enter a shoe store that is having a sale – buy any pair of shoes, get a second pair for free. Sounds like a great deal, right? Now imagine that same store had an offer to take 50% off any two pairs of shoes. Even though you are spending the exact same amount for the same two products, perhaps you react differently to the two offers. Perhaps there is something about removing “free” from the offer that might make you feel like you’re not getting as good of a deal. And how would you pay for these shoes – with cash? Credit card? Mobile wallet balance? Does it even matter?
January 17, 2014
This week’s New and Noteworthy includes a history of the CFPB, reflections on the “war on poverty” in the US, and research showing a preference to receiving wages in cash over mobile money among garment workers in Bangladesh.
FAI’s Tim Ogden and Michael Clemens, Senior Fellow at the Center for Global Development (CGD), recently published a Framing Note that argues for a radical shift in perspective on how we view migration and remittances. Tim sat down with Michael to discuss the possibilities that open up when we consider migration as a strategy for household financial management, and remittances as a financial investment rather than windfall income.
January 10, 2014
Our first New and Noteworthy of 2014 features different perspectives on financial literacy, an investigation into debt collection practices, and a resource for commentaries on global income inequality.
January 9, 2014
My month-long experiment of surviving on cash only is at an end. One question I had hoped to answer was whether switching to purely cash transactions would cause me to spend less. To find out, I took three months of transaction data from last summer from Mint.com.