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Does individual finance still work with our changing economy?

Does individual finance still work with our changing economy?

Don’t purchase a motor vehicle you can’t pay for. Save ten percent of the earnings for your your your retirement. And, for crying aloud, stop throwing out money on lattes.

Old-fashioned personal finance advice is usually tossed around in blanket statements. The way we actually deal with money is much more complicated while the advice is sound in theory.

Our changing economy has made this a far more typical truth. Customer spending is increasing and jobless prices are low, but wage growth happens to be sluggish, some individuals have given up the work search and earnings inequality remains really a thing.