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Latest Michelle Barnhart Stories

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2011-05-09 10:15:00

Taking on significant debt has become "normal""”and even patriotic"”to some consumers, according to a new study in the Journal of Consumer Research. "How did America, a country once so indelibly marked with Puritan principles of self-discipline and thrift, become a nation so awash in personal debt?" ask authors Lisa Peñaloza (Ó°cole des Hautes Ó°tudes Commerciales du Nord"”EDHEC) and Michelle Barnhart...

2011-04-19 22:57:15

A new study published this month suggests that while younger Americans are more smitten with credit cards and debt than older Americans, the older generation helps enable their children by encouraging use of credit as a "safety mechanism." The findings were based on case studies conducted with 27 white, middle-class Americans in 2006. The researchers, Michelle Barnhart of Oregon State University and Lisa Peñaloza of Ecole des Hautes Etudes Commerciales du Nord of France,...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'karpos', fruit.
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