Predatory Loans (as reported by Kim Porter on

You may have heard the term “predatory loan” before. But do you know what it means? A predatory loan is any loan where the terms are more beneficial to the lender than the borrower. For example, they may have very high interest rates or unreasonable expectations regarding the payback schedule. And even though there are… Read More

Financial Literacy Around the World (reported by

Visualizing Financial Literacy Rates Around the World What is financial literacy? The S&P’s Global Financial Literacy Survey defines it as the ability to understand essential financial concepts in making informed decisions about saving, investing and borrowing. The survey asked respondents a series of financial literacy questions. Here’s one example. Suppose you have some money. Is it safer to… Read More

Why Don’t We Save? (as reported by Allison Schrager on

There is a debate raging among economists these days. What are the underlying reasons why Americans are not saving nearly enough to fund their own retirements? Some argue that we are not good at planning for the future. Others argue that we are bad at predicting the likelihood of expensive events – like medical emergencies… Read More


NEW YORK, N.Y. – Working in Support of Education (W!se) is pleased to announce that The Moody’s Foundation has provided a generous grant to support W!se programs at the Title I High School of Economics & Finance (HSEF) in lower Manhattan. The grant supports the W!se Institute, the Moody’s Summer Experience, and the Moody’s Research… Read More

Are You Financially Healthy? (as reported by J. D. Roth on

A new report out from the Center for Financial Services Innovation confirms what many of us already know. Americans don’t save nearly enough money. The report divides people into one of three categories: Financially Healthy, Financially Coping, and Financially Vulnerable. On the optimistic side of things, most people do not fall into the financially vulnerable… Read More