3Qs: Personal finance tips in a down economy

In the wake of Stan­dard & Poor’s recent down­grade of U.S. Trea­sury debt and with unem­ploy­ment rates remaining high, the nation’s trou­bled economy is a con­stant topic of dis­cus­sion. We asked Nicole M. Boyson, the William Conley Fac­ulty Fellow and Pro­fessor of Finance for some tips to sta­bi­lize indi­vid­uals’ per­sonal finances as they ride out the recession.

Partisan politics hinders debt-​​ceiling deal

Con­gress and Pres­i­dent Obama have yet to reach an agree­ment to raise the nation’s debt ceiling, a neces­sity to ensure that the United States is able to meet its finan­cial oblig­a­tions. William Dickens, a Dis­tin­guished Pro­fessor of Eco­nomics and Social Policy at North­eastern, said that the U.S. economy could slide into depres­sion if a deal is not agreed upon by the Aug. 2 deadline.