Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – September 28, 2016

Playing catch-up

Playing catch-up

Longer working hours are contributing to the persistence of the US gender pay gap, according to Russell Sage Foundation research cited in this five thirty eight blog. The wage gap between parents would be 15 percent smaller if extra-hours working had not occurred. Men are more likely to work longer hours and so get a higher hourly pay rate and women often take on more family duties.

Wishful travellers

Wishful travellers

Fifty eight percent of Americans believe accumulating travel reward points is important but only 15% actually take a trip with those rewards according a survey by the American Institute of CPAs. Instead, 14% say their travel plans have resulted in racking up credit card debt that they can’t pay off. Spending more to get elite status with hotels and airlines can leave you feeling travel hacked.

Arithmetic woes

Arithmetic woes

How much of a return do you need to make a comeback from a financial loss? Many underestimate the difficulty of breaking-even due to poor arithmetic skills finds this new study. For example, many people thought an asset with returns of 100% followed by a 100% fall had retained its original value when in fact it was worthless. Time to brush up those financial literacy skills!

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Ian Bright
Ian Bright

Senior economist at ING
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42 blogs

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