Economics for Life : : Real-World Financial Literacy / / Donald T. Wargo.

• VerfasserIn: Wargo, Donald T.,
• Place / Publishing House: Philadelphia : : Temple University Press,, 2023.
• Year of Publication: 2023
• Language: English
• Series: North Broad Press
• Physical Description: 1 online resource (322 pages) :; illustrations.

America has evolved into an ownership society. Home-buying decisions, resource allocation, debt exposure, and financial planning for the future are now left to individuals, with little guidance from the companies or institutions they work for. Economics, with its insistence on quantifying ideas and putting specific quantitative values on all manner of phenomena, can help us sort through many puzzling dilemmas. Economics for Life: Real-World Financial Literacy is designed to help soon-to-be college graduates emerge into the start of their "real lives" with better comprehension of how to analyze the financial decisions that they will soon have to make. Written in an easy-to-read, conversational style, this textbook will help students learn how to make decisions on saving and investing for retirement, buying a car, buying a home, as well as how to safely navigate the use of debt and credit cards.

Table of Contents

Your first big job: how to get it -- Flourishing in your job and well-being in your life -- The importance of behavioral economics -- What is money? -- Analyzing your current financial situation -- Budgets and saving -- Credit cards, auto loans, and other personal debt -- Student loans -- Understanding the time value of money -- Banks and financial institutions -- Buying a home -- Insurance: what do you need? -- Investing fundamentals -- Investing in mutual funds -- Saving for retirement -- Fiscal policy and monetary policy-government intervention in your life.