Americans are in debt. There is no avoiding that in the news these days. We spend money we don’t have on everything from groceries and medical expenses, to our cars, homes, and education. That last one has been a particular point of emphasis in the last few years, as politicians and policy experts across the… Read More
Being Honest About Incomes (as reported by Kathryn Vasel on money.cnn.com)
If someone were to ask you how much money you make, what you would say? Would you tell them honestly? Would you lie? Or would you tell them to take a hike? More and more, Americans are becoming comfortable talking honestly about how much they make. Millennial workers, those between the ages of 18 and… Read More
Student Loan Payments as an Employee Benefit (as reported by Katie Lobosco on money.cnn.com)
There is a new employee benefit being offered in a growing number of companies that has attracted the attention of many workers. Because of the growing concern over student debt in this country, some employers see an opportunity to recruit and retain young, promising workers by offering loan repayment assistance. One example is PricewaterhouseCoopers, which… Read More
How to Boost Your Resume While Still in School (as reported by Claire Millard on www.fivecentnickel.com)
The first few years out of school can set the tone for your entire career. Finding the right job can help you reach your goals – both career and financial – sooner. And in order to help set yourself up for that job, many students opt to take advantage of resume-boosting opportunities while still in… Read More
How to Boost Your Resume in College (as reported by Claire Millard on www.fivecentnickel.com)
The first few years out of school can set the tone for your entire career. Finding the right job can help you reach your goals – both career and financial – sooner. And in order to help set yourself up for that job, many students opt to take advantage of resume-boosting opportunities while still in… Read More
HOW TO ASK FOR A RAISE (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)
One of the best things that can happen to you, from a personal finance perspective, is getting a raise. But most people don’t recognize that the people that get raises are the ones that ask for them. Asking for a raise might sound scary for people who have never done it before. But there are… Read More
UNPREDICTABLE PAYCHECKS (AS REPORTED BY JONATHAN MORDUCH AND RACHEL SCHNEIDER ON WWW.THEATLANTIC.COM)
A new report called the US Financial Diaries wanted to look at something that most studies of personal finances ignore, the day to day impact of incomes and expenses for many Americans. While most people understand that poor or working class families often live paycheck to paycheck, the US Financial Diaries reports that far more… Read More
WHY AREN’T WAGES HIGHER? (AS REPORTED BY PETER COY ON WWW.BLOOMBERG.COM)
The good news is that the unemployment rate is lower now than it has been at any time since before the Great Recession. The bad news is that average wages have not risen as much as most economists would expect them to. Traditionally, the better the unemployment rate, the higher employers have to pay workers… Read More
INCOME INEQUALITY AND AGE (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)
If you pay attention to the news much these days, you are likely to hear a lot about income inequality. The fact that incomes at the very top have grown rapidly over the last several decades while everyone else’s have stagnated is a large drain on the economy. And brand new research suggests that your… Read More
COMMON STUDENT LOAN DEBT MISTAKES (AS REPORTED BY DREW HOUSMAN ON WWW.THESIMPLEDOLLAR.COM)
Student debt is a big problem in the United States today. 54% of young workers report that right now, paying off student loans come before saving for retirement. What’s more, 40% report that worrying about student loans has impacted their health. Does this mean nobody should ever take out loans to pay for college? Of… Read More