The average loan-holding 2014 college graduate will have to pay back $33,000.
The class of 2014 deserves our congratulations, but not for graduating — though that’s nice, too — but for earning one of the more dubious distinctions in recent memory: You’ve officially been named “the most indebted class ever.”
Continue reading… “Congratulations class of 2014, the most indebted class in history”
The 2,500 francs would work out to be an income of 30,000 Swiss francs per year.
Every Swiss adult may start getting a salary of over $2,800 (2,500 francs) per month whether they work or not. Switzerland has based this on the idea that their citizens will have more time to devote to things they are intrinsically interested in, instead of spending the majority of their time worrying about how they are going to survive, as many individuals with entry level positions find it hard to meet their needs. The income initiative promises every Swiss citizen a living wage , so they can always survive without basic financial worry.
Continue reading… “Swiss government to pay every adult basic income of $2,800 a month”
Richard Branson
Technology is having a profound impact on so many sectors, creating opportunities, speeding up development and leveling the playing field so that leading companies can no longer take success for granted. It is an incredibly exciting time for innovation across the sector. (Videos)
Continue reading… “Financial services ripe for disruptive innovation”
Bitcoin and other digital currencies have captured the attention of the media, entrepreneurs, and regulators. The coverage has described exchange meltdowns, price volatility, and government crackdowns. However, the focus on Bitcoin as a currency may distract businesses and governments from its disruptive impact: as a technology.
Continue reading… “Bitcoin will go far beyond payments in the future”
The rapid expansion in ownership of smartphones and tablet devices make today’s consumer want to research financial services on demand.
The banking industry has experienced a strong recovery after one of the worst financial crisis. In the evolving banking landscape in emerging economies, the industry is quickly transforming.
Continue reading… “Top banking trends of 2014”
Rent has nearly doubled as a share of a poorer family’s spending.
Every year, the Bureau of Labor Statistics tells us what the typical American spends on everything from his rent to his reading material. There’s just one problem. In a country with growing income inequality, the typical American leaves out a lot of Americans.
Continue reading… “How rich and poor Americans spend money now and 30 years ago”
Bitcoin
Today, the single most prominent, and telling, feature of bitcoin is its massive controversy in the media. Not a single day goes by without an article or televised mention about its dangers, risks, and dubious mainstream appeal.
Continue reading… “Bitcoin: How the digital currency is changing everything”
Chinese government-supported payment card network, China UnionPay.
There are a growing numbers of people in China who are using the country’s state-backed bankcards to illegally smuggle billions of dollars abroad, according to a report by Reuters.
Continue reading… “How China’s official bankcard is used to smuggle money”
Millennials are looking for ways to live bank-free in the future.
Scratch polled 10,000 millennials to find out which industry was most prime for disruption. The results from the poll found that banks make up four of their top 10 most hated brands, but millennials increasingly viewed these financial institutions as irrelevant.
Continue reading… “Millennials see financial institutions as irrelevant”
Bitcoin will start its transformation from a mere currency into an entire open-source.
Bitcoin’s valuation didn’t just skyrocket in 2013, but its infrastructure, services, and adoption exploded as well, culminating in recent announcements that major online retailer Overstock.com and NBA team the Sacramento Kings would accept the digital currency as payment.
Continue reading… “Bitcoin is not only digital currency, it’s Napster for finance”
Bitcoin
What should we be thinking about a currency like Bitcoin? The first thing we should remember is that money is a sort of collective fiction. What money we choose to trust says much about how we see the world.
Continue reading… “Bitcoin and other money fictions”
In the cryptocurrency world, Bitcoin (and Litecoin) garner the most attention, but there are now 83 (and counting) virtual currencies to store your wealth in. Bitcoin’s market cap is over $10 billionis and is by far the highest but we wonder whether the miasma of mimiccers – from Unobtainium to the ironically-named StableCoin and from ‘Philospher Stones’ to HoboNickels – serves to reduce the confidence in Bitcoin as a new method payments, or bolsters it as the clear market winner.
Continue reading… “There are now 83 (and counting) cryptocurrencies in the world”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.