The vast majority – or 83% – of respondents to the latest eZonomics online poll say pocket money helps develop healthy financial habits later in life, with the rest saying it doesn’t.
Microfinance has long been seen as “the silver bullet” to eradicate poverty – but it is not as simple as that, ING economists say.
Industry experts famously predicted Apple’s iPad would flop (it didn’t).
And that The Beatles would not be a commercial success (they were). Even that the automobile wouldn’t take off (modern day traffic jams are just one sign of how popular cars have become).
“The fact that the S&P 500 is near a record high shows that the stock market is relaxed about the prospect of rising US interest rates.”
This is a common enough statement but it is in fact wrong.