Pound slumps to record low – in 6 charts – POLITICO

Currency markets reacted to new UK Chancellor Kwasi Kwarteng’s mini-budget on Friday with a rapid sell-off in sterling, sending the pound’s value plummeting against the dollar and other currencies. Markets…

Four personal finance rules that need an overhaul – Articles

Some of the best-known rules of thumb in personal finance have lost their usefulness. While it’s helpful to have a starting point for a housing budget or savings goal, or…

All the Personal-Finance Books Are Wrong

James Choi, a professor at Yale University, was interested in teaching a different kind of personal-finance course. He wanted his curriculum to mix the conclusions of technical economics papers with…

Popular personal finance advice contradicts economic theory

Avoid credit-card debt. Start an emergency fund. Begin saving for retirement when you’re young. And never, ever underestimate the importance of compound interest. Personal finance experts tend to agree on…