Implementation of New Credit Cards Tests Our Patience (NPR)

Chip card Credit cards that are dipped in card readers, known as chip cards, have been in place in Europe since 2002 but have only recently been implemented in the US. While chip cards are designed to prevent fraud and are generally more secure than conventional credit cards that are swiped rather than dipped, they seem to be presenting a host of frustrations for American consumers.

How Income Inequality and Immobility are Related (The Atlantic)

Money bag128

“Wealth sticks, and nothing enriches like richness,” writes Derek Thompson in The Atlantic. Analyzing shares of spending on categories like education and food, Thompson argues that differences in how the rich and poor spend can help us understand how income inequality and immobility are related.

In effect, while the poor spend a greater proportion of their income on basics like food, those who are richer have the capacity to spend more on things that build and preserve wealth for their own children.

The Mortgage Interest Tax Break: Not What It Used To Be (Vox/Bloomberg)

Tax calculator and pen

With the deadline for filing taxes having just passed for most (folks in Maine and Massachusetts file today, as Monday was Patriots’ Day, a state public holiday for both), the mortgage interest tax break may still be top of mind.

Read Vox‘s “The real tax subsidy for homeowners has nothing to do with mortgage interest,” which quotes Bloomberg writer Prashant Gopal’s article, “Owning a Home in the U.S. Has Fewer Tax Benefits Than You Think.”

 

Make Room for Downtime in Your Calendar (Motto)

Stressed business man  with two telephones is cryoing in office

Going from meeting to meeting without a break is not only exhausting, it can prevent your brain from resting and performing at its optimal level, says Karen Davis at Motto. I know; It’s like she’s speaking to us directly, isn’t it?

In a job climate where efficiency and commitment are rewarded, intentionally creating time in your workday for downtime and creative thinking may seem counterintuitive. Davis shares why having downtime is important for personal and professional success, and how you can strategically carve out some “Do Not Schedule” (DNS) time on your calendar. We are so doing this.