As the U.S. and European economies destabilize under the pressure of debt, the global economy is leaning heavily on China.
“Consumers — historically and especially during times of economic decline — value price over quality,” says Karen Hogan, Ph.D., professor of finance. “China offers the U.S. and European economies cheap labor and affordable imports; we’re hooked on it.”
The economy is a topic on everyone's mind and Americans are frustrated that the problem cannot be fixed overnight. With experts, political candidates and journalists weighing in on the issue, many varied opinions are in the forefront of the media.
Christopher Coyne, Ph.D., associate professor of finance at Saint Joseph's University in Philadelphia, thinks the best response is to not panic about the state of our economy.
<p>As April approaches, many citizens begin to dread the hassle of tax season. While major reforms are out of the taxpayer’s control, staying informed and using a tax preparation service are two simple ways to make filing your taxes as stress-free as can be.</p>