When I was growing up, there was no such thing as Twitter, Facebook, Instagram, or even cell phones! However, today, children are introduced to social media at a very early age, some may even begin creating a digital footprint of their lives before they are out of the womb.
The sun has slowly set upon one of Hallmark's most profitable holidays. President's Day week has now arrived. There are no expectations laid on us for this celebration... we can be seen in public without a partner and not an eyebrow will be raised.
As some consumers jubilantly hop from store-to-store reaping the benefits of these price-slashing events, I suspect that there may be a hangover waiting.
We've all been there. Judging others. Impatient. Filled with road rage. Our needs are more important. We are the center of the universe, after all. We forget that, perhaps, there are legitimate reasons for the delay: back pain, a broken leg, a baby in the backseat.
Rumored yesterday and confirmed this morning, everyman retailer Target has announced that the credit card information for forty m...
2013 was the year mobile commerce made a statement. Case in point: Cyber Monday showed record-breaking numbers in mobile purchases.
A few new trends this year are changing holiday shopping once again. Each big sale has a real branding component, partly created by marketing and party shaped by consumer behavior.
You know that saying about the definition of insanity? Doing the same thing over and over again and expecting different results? Are we willfully engaging in collective insanity every holiday season?
Come the holiday season, there's a mad rush to buy gifts for loved ones. Many consumers dive in head first in pursuit of the best deals for a PlayStation 4, Xbox One or iPad -- at the expense of a balanced budget.
If you reduce holiday commercialism to its essence, it's about showing someone you love them. So why do we have to spend money to do that?
It was a big weekend with the Thanksgiving holiday and for the first time I can recall, many of us also celebrated Hanukkah. I love this time of year filled with tradition, gathering together and sharing.
What kind of dissonance is experienced by children who, the day after they learn about the meaning of Thanksgiving, go with their parents to the mall and watch them argue and push others over appliances?
The ethical teachings of Jesus long and clearly have been understood to support the poor and struggling in the world over those with means -- who remain hard of heart.
Is keeping up with the Joneses getting you down -- financially, emotionally and let's face it, physically? What if you want to tell the Joneses to take a long walk off a short pier (in the most respectful, non-grinchlike way possible)?
Some manufacturing is coming back to America, to be sure, but not the assembly line jobs that used to be the core of manufacturing employment. Computerized machine tools and robots are doing an increasing portion of the work -- which is why many companies can afford to bring their factories back here. Get it? Technology and globalization are driving the good deals American consumers are getting this holiday season. But the same forces are keeping wages down, and are even on the verge of eliminating many of the low-wage retail and related service jobs many Americans now need to make ends meet. To put it another way, American consumers getting great shopping deals are also American workers on the losing end of those same deals.
Look, at the end of the day, what policy makers really need to be looking for are ideas that most efficiently reduce wage and income inequality. That's a main reason why I've been so stuck on full employment, as it perfectly meets that criterion.