Personal Finance Why are rewards points so important for businesses? Rewards points are a great way for businesses to incentivize their customers to stay loyal to their brand.
Personal Finance 5 common financial mistakes to avoid Here are five common financial mistakes that people make, as well as advice on how you can avoid them.
Personal Finance The benefits of cash back programs One of the most effective ways for consumers to save money on purchases is through cash back offers. Here's what that entails.
Personal Finance What is a digital wallet? With 50% of smartphone owners expected to make digital payments by 2025, digital wallets are becoming more popular by the day.
Unbank The profound simplicity of one simple balance We created Eco as one simple balance to manage your entire financial life. Here's why.
Personal Finance What is APY? The annual percentage yield (APY) that financial services offer is your key to maximizing wealth. Understanding it is essential for getting the most out of your money.
History of Money How the evolution of artificial light made us all wealthier Darkness—and the cure that humans invented—reveals an informative history of money.
Eco app Introducing Send, the easiest way to send cash (and Eco Points) With Send, you can now send cash and Eco Points directly to other Eco users. The best part? There are no fees or wait time for cash or Points to transfer.
Eco book club Money has never been one thing. It’s evolving again. Money has continually evolved ever since our ancestors invented the concept. Here's a look at where money came from—and where it's heading.
Population Finance Does your hometown factor into your chances of living the American Dream? Yes, it does. For generations, children did better than their parents. Then something changed. And geography plays a role.
Population Finance What is the Human Development Index (and why does it matter)? The Human Development Index was first published in 1990. It remains an important component for implementing people-centered economic policies.
History of Money Defining money is harder than you think. Here’s why that matters. What is money? The answer might not be as easy as you think.
cognitive biases Relying on previous experiences can hurt your bank account. Here’s how to change that habit. The term "law of the instrument" was coined in 1964 to describe the cognitive bias that involves relying too heavily on a familiar tool. Here's what that means for your money.
Unbank I Bonds offer higher interest rates than typical savings accounts. But there’s the fine print. With dismal interest rates in savings accounts, risk-averse citizens who don’t want to put their faith (and money) in the stock market often turn to safer investments, such as treasury bonds. But are they the best alternative?
DeFi What is a DeFi Savings account? DeFi savings accounts were created in an attempt to return value to the customer. We look at where DeFi accounts come from and where, ideally, they’re heading.
Unbank Bank fees are piling up. What can you do about them? Banks monetize their customers through a variety of other fees. Here's how to fight back.
Eco book club The importance of finding meaning in work In Good Economics for Hard Times, Nobel-winning economists Abhijit V. Banerjee and Esther Duflo crunch the data around money and work—and find that in the best circumstances, work offers much more than money.
cognitive biases Want to make better financial decisions? Then you’ll need to overcome this bias. The availability bias means collective beliefs become more certain thanks to repetition in public. This can be dangerous to your financial health.
cognitive biases 10 psychological tricks to make you buy more These 10 common psychological tricks are used to make you open up your wallet. Knowing how to identify them might help you keep it closed.
Unbank Where do overdraft fees come from? The first overdraft fee was implemented in 1728. At the time, it was great for small and large businesses alike. Then things changed.
cognitive biases The predictably irrational behavior of economics—and basketball One of the most astonishing examples of the endowment effect occurs on the Duke University campus every year. It's a lesson in patience—and economics.
Population Finance Latino wealth in America has more than doubled since 2013—though a significant gap remains In 2014, the nonprofit Hispanic Wealth Project (HWP) published its first report with the goal of tripling Hispanic household wealth in America by 2024. Here's where they stand.
cognitive biases Retirement savings are down. This cognitive bias is likely to blame. Researchers have long wanted to understand the cognitive and social—as well as economic—consequences of delaying gratification. Present bias helps explain it.
Eco book club Your options are limited when a company you support devalues you. Here’s why. Economist Albert O. Hirschman's 1970 book, Exit, Voice, and Loyalty, continues to offer us a cautionary tale (and a roadmap).
Population Finance Immigrants rank high as job creators in America, research shows According to new research, immigrants more often play the role of “job creators” than “job takers” at every level of business.