Old Rules Measure Yesterday

Everyone from Main Street to Wall Street watches the inflation numbers. If the numbers are going up, we assume the Federal Reserve will take action. With so much riding on the veracity of the numbers, it was vital that a full review of their accuracy be instituted.

Accordingly, a Congressional Advisory Commission on the consumer price index (CPI), chaired by Michael Boskin, was formed. After study, the commission reported that the CPI overstated the change in the cost of living by about 1.1 percentage points per year. This number seems small, but compounded over time, the effects are enormous. For example, instead of falling 13 percent, real hourly wages actually rose by 13 percent from 1973 to 1995.

Single Moms Dealing With Financial Stress

Being a mother is hard enough let alone being a single mom with financial issues. Stress can quickly take over due to the high demands put on single mothers and everything they have to do.

Stress comes in the form of getting the kids up in the morning, showered, dressed and ready for school. Making them breakfast and preparing their lunch. Getting them to the bus stop on time or dropping them off at school. Then after school there is dinner, help with the homework and bed time stories.

Now most single moms wouldn’t mind doing the stuff listed above. But when you mix those with financial hardships then instead of enjoying them they start to become a lot more stressful.

How to Cash in Gold Coins

You don’t have to collect gold coins or invest in them in order to have them. Many people get gold coins often without having any interest in them, beside a question they keep asking themselves: how to cash in gold coins.

There’re a few places where you can sell your gold coins: jeweller shops, coins dealers, pawnshops, and of course you can sell them online. Any gold coin or any coin made of any precious metal has two parts of its value: the gold value and the numismatic value (for bullion gold coins it can be just a premium on the gold value in percents).

Federal Funds Rate and Your Finances

Lately there has been a lot of talk about the federal funds rate. This is something that dominates headlines whenever there is a change in this rate. Most recently the Federal Reserve made a huge rate drop. The 1st drop was 3/4ths of a percent, then shortly after by another ½ percent bringing the rate all the way down to 3%. Why such the hype? How does this affect individuals finances?

Oklahoma Owes Citizens More Than $260 Million In Unclaimed Money

The city of Antlers, OK bills itself “The Deer Capital Of The World”. By the city’s name alone, one can guess a lot of bucks are running-around in the woods of Oklahoma. Hundreds of millions of lost bucks are also in the State’s Treasury Department and, you guessed it- they’re not brown and furry and their not running around. I’m talking about the $260 million in Oklahoma unclaimed money sitting-around in the State Treasurer’s Office. These funds belong to roughly 350,000 residents who have somehow lost track of them over the years. The main reason the state’s fund got so big is because most of the owners don’t even know they have money being held by the state!

“I didn’t know I had it.” says Leiland Osmond, after being reunited with $150 of his missing money in an Oklahoma unclaimed property outreach program at the State Fair. Oklahoma State Treasurer Scott Meacham says he’s not alone. “Obviously, a lot of people have lost money and don’t realize it.” says the Treasurer in a recent report by Oklahoma’s KSBI-TV. Visiting the fair paid-off for Osmond who plans to share his newly found money. “My grandchildren will take care of it.”