spending
-
Tech: The Goal, or Just Another Path to Growth?
•
In 2012, the average resident of San Francisco supported about $76,000 in gross domestic —about $19,000 more than the average in Chicago. That gap has widened to more than $29,000 today. San Francisco’s economy is growing nearly three times faster on a per capita basis than Chicago’s. Meanwhile, San Jose…
-
Spend or Save? What to Decide When Faced with Financial Emergencies
•
Behavioral interventions aimed at promoting savings may lead to counterproductive consequences. Researchers find that consumers may borrow high-interest debt in favor of preserving low-interest savings. Policies encouraging savings should be coupled with efforts that promote education on appropriate spending of savings.