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It takes a lot more than a healthy bank account and nice skin to live a full and happy life, whether you’re 29 or 59. Most of us know how to succeed, we just happen to let ourselves –– and a few convenient lies –– get in the way.
At a conference in Philadelphia last October, a Wharton professor noted that one of the country’s biggest economic problems is a tsunami of misinformation. You can’t have a rational debate when facts are so easily supplanted by overreaching statements, broad generalizations, and misconceptions. And if you can’t have a rational debate, how does anything important get done?
Here are three misconceptions that need to be put to rest:
Full story at Daily Finance
In addition to Greece, several European Union member countries now face overwhelming government debt. Many of the countries with the highest debt levels relative to their gross domestic products have been hit hardest by the global recession. Greece, Ireland and Portugal all have unemployment rates above 14%.
They’ve lived through the Great Depression, raised kids from diapers all the way through adulthood, worked for decades, bought and sold homes and even managed to save a bit. Now our elders are sharing their life lessons via Cornell University’s “The Legacy Project,” a survey of more than 1,200 Americans (most 70 and up) on the best practical advice they’ve absorbed throughout the decades.
Just as France was being chastised for excessive national borrowing with a sovereign debt downgrade, thousands of lucky French people had their financial obligations forgiven after the country’s oldest bank decided to simply wipe their slate clean.