The Contraction of the Consumer

An Update On Consumer Frugality: Americans Staying Home More, Reading Books | zero hedge

While people did spend more on luxury items and things to help them improve their mood during these tumultuous times, there was still very much a frugal ‘stay at home’ cocooning theme in the spending report.

Staying home, reading books.  Sounds like my life in a nutshell.

Health Insurance for Freelancers

This is an interesting development in the world of temporary and contract workers.  Bear in mind, once you become a W-2 that changes the composition of your business as a self-employed individual.  Examine the pluses and minuses before making a switch like this.

Outsourcing Firm’s Latest Offering: Health Insurance – BusinessWeek

Switching to services like oDesk Payroll has tax implications for freelancers as well. While workers who switch will no longer be subject to the self-employment tax, they will also lose many of the deductions they claim as contract employees.