Analysis of Roman coins uncovers evidence of financial crisis

New scientific analysis of the composition of Roman denarii has brought fresh understanding to a financial crisis briefly mentioned by the Roman statesman and writer Marcus Tullius Cicero in his essay on moral leadership, ...

Student debt and economic hardship

Students who come out of college with debt—especially larger amounts—are more likely to face hardship and financial difficulty during their lives, finds a new study from Washington University in St. Louis.

Financial woes grow worse during pandemic for American families

The economic challenges caused by the coronavirus pandemic have grown worse since the spring for many American families, with an increasing number reporting that they have trouble paying bills, according to a new RAND Corporation ...

Shame about poverty often increases poverty

Shame is more common among people who have financial difficulties and is often accompanied by behavior that actually can perpetuate poverty. For example, money is spent on status symbols instead of basic necessities, and ...

Financial restructuring in fresh-start chapter 11 reorganizations

The effectiveness of the existing bankruptcy code has long been a source of vigorous debate. More and more lately, high-profile firms like General Motors, Enron, and K-Mart are seeking protection from creditors through Chapter ...

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