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Carrick on money: Credit cards make you dumber, fatter, poorer

Consumer credit cards are shown in North Andover, Mass., Match 5, 2012.

Elise Amendola/AP

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Credit cards make you dumber, fatter, poorer
A sobering roundup of academic research showing a variety of negative outcomes from using credit cards.

Good products that look like scams
Oxi Clean, RainX, the Furminator and a bunch of other consumer products that look like they don't work, but actually do.

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The country where they love annuities
An introduction to the retirement system in Chile, where there is no government-run program and all employees in the workforce must contribute at least 10 per cent of their pre-tax salary into retirement savings account. What do Chileans do with their retirement savings when they leave the workforce? Unlike so many Canadians, they buy an annuity.

The taxman and your investments
A good summary of how various types of investments are taxed.

More money
Join the 29,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More


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