We’re all familiar with the uncomfortable realization that we’ve spent a fair amount of money on something that we aren’t actually going to use. I decided to look around my apartment to try to figure out exactly why this happens. After all, it’s a little surprising. Why would we go to the expense and effort to buy something that we never choose to use?
There are several reasons, but one important reason is what I’d call “the expensive gym membership” reason.
Over at the Wall Street Journal, Phil Izzo reports that some $41 billion worth of gift cards have gone unused since 2005. So what, exactly, happens to that money? After all, retailers aren’t allowed to report the cash used to buy gi... Read Post
Tomorrow is bonus day at Goldman Sachs, and though we don't know the exact portion of the compensation package that is actual bonus money, we know the average dollar amount that employees will be taking to the bank: $430,700. With t... Read Post