Grounded in Research, Explained Intuitively.

This book bridges the gap between basic money guides and dense academic texts, offering clear, data-based insights that anyone can understand. Drawing on over a decade of teaching economics at U.S. universities, Zhumadilov and Choi developed this book from real academic research and classroom discussions.

Part One: Master Your Personal Finances

Take charge of your financial well-being with practical insights and essential knowledge on topics like:

• Savvy Saving and Investing: Understand the basics of stock investing, explore key investment benchmarks, consider strategies for managing risk, and plan for a secure retirement.
• Smart Spending and Debt Management: Take control of your spending, learn how exactly credit cards work, spot and avoid scams, and create a personal budget to stay on track.

Part Two: Understand the Economic Landscape

Go beyond personal finance and gain a deeper understanding of the broader economic forces shaping our world:

Unpacking Income Dynamics: Explore income distribution in the United States, the real impact of college degrees, and other key factors that influence your earning potential.

• Decoding the Housing Market: Examine the upward trends in the housing prices and the factors behind them.
• Navigating the Healthcare Maze: Dive into the complexities of the U.S. healthcare system and uncover the drivers behind rising healthcare costs.
• The World of Taxes and Public Debt: Learn why we pay taxes, how much we pay, where our tax dollars go, and how all of this connects to the country's growing public debt.