UPDATE

April 8, 2005

On finance and practice

The stock exchange wants brokers to spell out the terms of the accounts they offer for cash balances, and to inform investors before they switch their balances to a different type of account. You can read about cash sweep accounts in the "Informed Investor" section of the exchange's Web site, at http://www.nyse.com. Click on "Individual Investors."

The biggest bargain shoppers? The well-to-do Most younger high-income consumers clip coupons, shop at warehouse stores, and cringe at being called "wealthy," says a study commissioned by Visa. Almost three-quarters of consumers between the ages of 35 and 54, and whose household income is at least $125,000, say they clip coupons, compared to the national average of 65 percent. Two-thirds say they regularly shop at discount or warehouse stores, compared to the national average of less than 50 percent. Nine out of 10 call themselves middle-class or upper-middle-class, while only 7 percent, most of whom earn more than $500,000, describe themselves as affluent.