Beijing; China, has already produced fast-growing tech companies, like Tencent, Baidu, LightInTheBox and, smartphone maker Xiaomi. Beijing has a great concentration of wealth and as of date sixty eight institutions of higher learning, including China’s best computer science departments. These firms have a clear understanding of the Chinese market and are able to steer through policies that have made it difficult for some U.S. firms to do business.
A new study that finds older Americans are struggling with debt underscores the importance of financial literacy, says Wharton’s Olivia S. Mitchell.
Wharton finance professor Michael R. Roberts explains the value of shopping for a mortgage and clarifies the trade-offs homebuyers need to weigh when there is no obvious choice.
Wharton finance professor Michael R. Roberts explains why some homeowners should consider investing any extra money they have rather than using it to make additional mortgage payments.