When money is tight, 'purchase happiness' is low

Whether they're getting a new shirt, a new computer, or taking a trip, people derive less "purchase happiness" from buying things when they feel financial stress, research from Duke University's Fuqua School of Business shows.

Poverty wages keep child care teachers in 'grim financial bind'

California's child care providers and teachers are earning such low wages that many need government assistance to make ends meet, and conditions are so dire that "radical reform" is needed to support them and to stabilize ...

New stress test model quantifies climate risks for banks

European banks will soon be required to incorporate climate change risks into the stress testing of their equity. Researchers at the Technical University of Munich (TUM) have now developed a new approach in cooperation with ...

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