“The Grand 401(k) Experiment Has Been A Failure”

30 years later, we have discovered that, if our 401(k) is indeed our primary way of accumulating money for retirement, we’re kinda screwed.


The History of the Wooden Nickel

A Buffalo nickel is worth a pretty penny, should you find one these days.


Get Interest-free Banking With Digit, a Terrible New Way to Save

We take a look at Digit, a new savings app that promises all the benefits of saving money without even the pretense of interest.


Friends With Venmo

Venmo is most widely used by millennials. Like other topics once known for being verboten at a dinner party, we’re known for being more open than our parents about money. So it’s fitting that Venmo, unlike its predecessor PayPal, includes a social networking aspect: I log in and can see that Alex paid Sara $13 for movie tickets. But we’re also still navigating a time in our lives when careers and financial milestones move at varying paces among peer groups, breeding those awkward bill-splitting moments that so often end in temporary annoyance (“Did you see the way Pat stiffed the bartender on the tip?” “Those girls John brought last night ordered like, three pitchers of margaritas that they didn’t pay for, dude.”)


How an Entry-level Investment Banker Does Money

“The general finance mentality is that you don’t spend a lot of money during the week, so during the weekend — the weekends that they are not working — they like to spend a lot. They want to get a girlfriend or just hook up with girls, and it takes money to go out and meet girls.”


How To Make Your 30s Work For You, Money-Wise

Life happens in your 30s: you may make more as you partner up and/or advance in your career; but you might also get laid off, have children, go to grad school, move, buy a house, have to deal with the death of your parents, or face any of a number of other challenges that make you put saving on hold.


How Do We Pay Regular Bills With Irregular Income?

The regular paycheck is, increasingly, a buffalo: not a fictional creature but one hunted nearly to the verge of extinction. Because it is So Damn Useful. Regular paychecks help you plan, save, and answer such important life questions as “Can I afford to have another kid?”

On a more basic day-to-day level, they also make civilization possible: when we get regular paychecks, we can pay our regular bills. Often even on time!

But more and more of us have to cope with not getting regular paychecks, like Nicole, and like the Ortiz family of fast-food workers we read about yesterday. 53 million, by one count, or 34% of the total workforce. Robert Reich thinks, “A majority of workers will be on their own by 2030.”

We deal with dry spells punctuated by irregular bursts of money. This is the new Freelance Economy, and it’s hell or heaven depending on how optimistic/entrepreneurial you are, or how much you like having coworkers, or whether you’ve ended up in this pit of uncertainty from which you must fight your way out by choice.

The takeaway at the end of the month is the same, though: how on earth will we pay our bills?


The Ways We Make Money As Minors

Meet your Next Gen financial overlords, America. They dine on caviar and apple juice.


One American’s Search for a Bank Account Abroad

Stocking up on GBP became my new hobby.