Category: Uncategorized

Student Loan Debt...

... is higher than credit card debt in our country (hat tip: Wall Street Journal). How can this be?, you may ask, when the number of news stories on credit cards seem to vastly outweigh the corresponding reports on student loans. Well, yes, credit card stories seem to outnumber student loan stories by a ratio of about 15 to 1, according to StudentLoanJustice.org. How did this happen?

Read More
Credit Cards: Unfair Subsidy to the Rich?

How about this title in the Wall Street Journal? "Credit Cards Take From Poor, Give to the Rich" is the name, in reference to a Boston Federal Reserve Bank report on credit card reward programs. The paper says just that: credit card rewards programs and merchant fees for credit card usage are increasing the overall cost of goods for check and cash customers.

Read More
The 'Bush' Tax Cuts

Here's something you can really sink your teeth into - a calculator from the Tax Foundation which will let you input your tax data. What does it output? Well, your tax burden under the 'Bush' tax cuts (passed in 2003), your tax burden if the plan expires, and your tax burden if the changes in President Obama's budget are enacted. Now that you have this data, you can cut through the noise and choose which one you like the best by simply figuring out under which plan you owe the least! Joy!

Read More
Ed-uflation: The Growth of Costs for College, Medicine, and the CPI Since 1978

What's grown faster than inflation the last 40 years? No, not medical expenses. What's grown faster than that? You guessed it (from the title of this post) - education costs increased almost 1000% from 1978 to 2008, compared to about 300% in the generally price level as measured by consumer inflation. Yes, inflation is one of the categories of spending which is increasing at an off-the-chart-rate.

Read More
Oh No! Volatility!

My friend sent me an article the other day which really summarized my thoughts succinctly - he sent me this piece from Evan Newmark writing at the Wall Street Journal. If you haven't noticed the crazy action in the stock market in recent weeks and days, let me be the bearer of bad news: the major US indicators are down from their yearly peaks. You've probably lost some money on paper, even. Between oil in the Gulf, the Greece Drama, and even North Korea, there is a lot to be worried about. Here's the thing - these are all known unknowns, and generally priced into the stock market already.

Read More
Checking in on Inflation

I haven't recently taken a look at what the Treasury market is telling us about inflation... but that's now changed, and I'm here to share with you. The market predicts continued smooth sailing on the currency front. My method is the very crude subtract real treasury yields from the yield curve. Currency stability is probably here to stay in the meantime, what with the only reasonable alternative in flux and everything... and the market reflects that truth.

Read More
Spam Says: Recession Over!

In Economics, there is a concept of 'leading' and 'lagging' indicators. 'Leading' indicators predict economic activity in the future- they are statistics which give a decent idea how things will be soon. 'Lagging' indicators are the opposite; they signal performance in the recent past. Is it possible that there is a leading indicator of the economy that we all experience? According to an article in the Wall Street Journal, our spam email messages have become more bullish over the past few months.

Read More
VAT Rumblings

The "VAT", the so-called value-added tax, has received some attention here before at Don't Quit Your Day Job. Unfortunately for everyone, it probably will receive a bunch more in the future. Fresh off Paul Volker's comments to the New York Historical Society putting the VAT in play, the United States could be getting a VAT of its own. As pointed out in this very good article at Super-Economy, the US is the only county in the OECD that doesn't have a Value-Added Tax.

Read More
Tax Freedom Day!

Recently we've been giving you lots of information on that most popular of topics- the income tax! We here at DQYDJ see no need to tone down our articles on taxes at this point... something about this date (maybe it has something to do with the April 15 tax deadline?) makes tax articles popular. Anyway, thanks to the Tax Foundation, we have an interesting measurement of tax - the number of days you have to work to be free and clear of the burden of tax, otherwise known as Tax Freedom Day!

Read More
Which Political Demographics Watch Which Sports?

From the offbeat category comes this awesome data set found through the National Journal. Scarborough USA, a joint undertaking of market research companies Nielsen and Arbitron surveyed 218,000 people between August 2008 and September 2009 to try to figure out the political leanings of sports viewers. Surveyors tried to figure out both how viewers self-identified politically, and also their likelihood to vote. This data has been published, and here is is (on ManyEyes!) for you to play with!

Read More

Don't Quit Your Day Job...

DQYDJ may be compensated by our partners if you make purchases through links. See our disclosures page. As an Amazon Associate we earn from qualifying purchases.
Sign Up For Emails
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram