Many people aspire to have more money, and being a millionaire is sometimes held up as the ultimate goal. But there are some misperceptions about millionaires, says N.C. State University economist Mike Walden.
The No. 1 economic issue in the country is jobs. What kind of businesses typically create new jobs: large, small or start-up businesses? N.C. Cooperative Extension economist Mike Walden discusses new research that helps answer this question.
The decline in real estate prices nationwide has obviously affected homeowners and financial institutions alike, but almost daily there’s news of other impacts of these price declines. N.C. Cooperative Extension economist Mike Walden outlines the latest.
What is an underwater mortgage? N.C. State University extension economist Mike Walden explains.
An international financial group recently released new proposals for banks to follow. N.C. State University economist Mike Walden explains the proposed rules and why they are important.
There is frequent reference to the middle class in discussions about the economy and certain kinds of public policy such as taxes. But who are we really talking about? Hard to say, says N.C. State University extension economist Mike Walden, because there’s not a standard definition for the middle class.
With the economy still struggling and the federal government deep in debt, many people are looking to the Federal Reserve as perhaps the only institution that can jumpstart the economy. N.C. State University extension economist Mike Walden explains what the Fed can do.
Statistics show that small businesses are suffering more than other firms in today’s economy. Small businesses, in particular, are having a very difficult time acquiring loans. N.C. State University extension economist Mike Walden explains why.
Perhaps the biggest economic change today is households’ financial rebalancing. Households entered the recession with historically high debts, and now they are being forced to pay down on those debts. How long will this take? N.C. Cooperative Extension economist Mike Walden answers.
In economics as in life there can be unforeseen circumstances. Often we try to anticipate them but aren’t successful. One of these second effects was recently revealed for a program that has been very successful in assisting low-income households. N.C. State University extension economist Mike Walden explains.