The Story of Stuff Project has created a brief video imploring Americans to "choose family over frenzy" this holiday season, and "visit www.buynothingdosomething.org to take the pledge to stay home this Black Friday." The day when retailers generally go from "red" to "black" in terms of profit, Black Friday has been getting more harried every year. This year, many stores are even opening on Thanksgiving evening -- a bad deal for families trying to enjoy Thanksgiving together and retail workers alike.
On Wednesday's Colbert Report, Stephen Colbert interviewed Liza Mundy, a longtime Washington Post reporter, a fellow at the New America Foundation, and the author of the new book "The Richer Sex: How the New Majority of Female Breadwinners is Transforming Sex, Love and Family." Though Colbert said he assumed the book was "pictures of Warren Buffett and Bill Gates going at it," the book is actually about, well, not that. Watch Colbert and Mundy's chat after the jump.
NPR has produced a fascinating chart showing how Americans from different economic strata -- poor, middle class, and rich -- spend their money. As you might guess, many of the results are extremely different between the classes. For instance, "poor families spend a much larger share of their budget on basic necessities such as food at home, utilities and health care." There are also surprising similarities, especially when it comes to housing as a proportion of income. Check out the chart after the jump.
A new infographic from CareOne looks at the recent trends among women and children with regard to their debt burdens. "In 2011, the percentage of moms asking for help with their debt increased 32 percent over the prior year," the graphic states, citing data from a recent CareOne study. View the full infographic, with more statistics on women, chidren, and debt, after the jump.
An initiative to establish a new federal law known as “For an unconditional basic income” was formally introduced in Switzerland in April. The idea, which consists quite simply of giving a monthly income to all citizens that is neither means-tested nor work-related, has generated commentary throughout the Swiss blogosphere. If the initiative to introduce a basic income gathers more than 100,000 signatures before October 11, 2013, the Federal Assembly is required to look into it and can call a referendum if the initiative is judged to be credible.