Saudi Santa: New King Helps Everyone Stay Glam in a Deficit

In a wobbly year for oil prices, super rich Saudi Arabia actually faces a projected $39 billion deficit. But street-style stars like Deena Aljuhani Abdulaziz do not need to worry about where their next Birkin bags are coming from, because King Salman is gifting everyone $32 billion.

It's customary for a new king to celebrate himself by giving massive bonuses to almost everyone in the country. Even in a year with an uncustomary deficit.

For the Homemade News businessmarketeconomy report, Jen offers some thoughts on how to balance their bonuses and their deficits.