How Love Is Like Money


In this video, an expert in financial behavior explains the common errors in reasoning, whether people are thinking about love or money. Thoughts like:

• This time is different.
• I can change things.
• Wishing on a star.
• Being afraid of loss. Learn More

Financial Survey: Americans Unsatisfied


The Great Recession is receding into the past, but many people may still be feeling the strain in their personal finances.

Post-recession, “the fact remains that Americans are fairly unsatisfied about where they are financially,” Gerri Walsh, president of the FINRA Investor Education Foundation, said in a recent video in which she discussed her organization’s 2012 National Financial Capability Study.

The study, the nation’s most comprehensive survey of financial literacy and well-being, reported some areas of progress for average workers. Compared with 2009 – the depths of recession – more people felt they were better able to make ends meet in 2012. But a substantial minority of Americans were still living paycheck to paycheck.

A previous blog post provides other FINRA findings. To view the state-by-state data, as well as the national results, click here.Learn More

HHS Website Decodes Long-Term Care


Every day, some 10,000 Americans are turning 65, and every day, more of them start thinking about their long-term care.

For help, try the U.S. Department of Health and Human Services’ recently redesigned website, Longtermcare.gov. It’s very easy to navigate and is packed with reliable information to help visitors:

  • Search for specific types of services in your area, by zip code.
  • Learn whether your home and location are compatible with aging in place.
  • Analyze long-term care costs, by type of service and state.

Learn More

Shopping on an iPad

iPad Shoppers: More Likely to Buy?

A new study out of Boston College finds that e-shopping for products while grasping an iPad increases the feeling of ownership of that product – and may make you more likely to buy it.

The findings expand on a financial behavior issue explored in a popular Squared Away blog post about how the Internet has made it much easier to shop – and spend money. The new research distinguishes among the various technologies available to online shoppers and finds that the urge to buy may be even stronger when holding a touch screen device than when using a laptop or desktop computer.

The way this works is that the tactile experience of holding a product – whether taking it off the store rack or grasping the device that’s displaying it – imbues some sense of ownership, making it harder to give it up and resist buying it.

Here is an edited excerpt of an article explaining the research; the article appeared in Chronicle, a publication for Boston College faculty and staff. …Learn More

Graphic: Top 10

Readers’ Favorite Stories in 2013

The blog posts that attracted the most readers this year provide a window into what’s on their minds. The 2013 articles shown below were the most popular, based on unique page views by Squared Away readers.

We’ll return Jan. 2 with more coverage of financial behavior. Please click here to begin receiving our once-per-week alerts with the week’s headlines – and happy holidays!

To find each article, links are provided at the end of the headlines:

An historical perspective on the U.S. money culture:

Oldest Americans are Lucky Generation

More Carrying Debt into Retirement

The financial challenges facing our youngest workers:

Retirement Tougher for Boomer Children

Student Loans = No House, No New Car

Help with your imminent retirement:

Reverse Mortgages Get No RespectLearn More

Callout: How do your retirement plans stack up?

Compare Your Retirement to Peers

How are your retirement plans going? If you’re a conservative Generation Y investor, are you in the mainstream? Baby boomers, how many in your generation are planning to retire at the same age you do?

Compare yourself with your peers in this cool interactive quiz developed by the Boston mutual fund company, Fidelity Investments.

Click here to check it out.

As you answer each question, you can compare yourself with your peer group’s answer to that same question, based on a prior survey for Fidelity by the polling company, Gfk. Your peer group is determined by your income and your generation – baby boomer, Generation X and Generation Y. Fidelity also provides useful information and tips with each question. …Learn More

Graphic: Thanksgiving turkey

Happy Thanksgiving

Thank you readers for continuing to support our blog, which was recognized this week by Jean Chatzky of AARP.

We’ll return next Tuesday with more coverage of financial behavior.Learn More

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