Reading List for Aug 2-4

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Aug 02, 2019
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Current Events, Economics, Career, Investing, Paying for College, Parent Conversations

Current Events

Captial One Data Breach

  • What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim.

From Capital One.

From Consumer Reports

From the New York Times

Fed Rate Cut

  • Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of the rate cut, the market’s expectations and response, along with arguments on both sides, this article by Heather Long of the Washington Post is a good place to start.  
  •  And the NYT explains what it means to you as a consumer.
  • MarketWatch explains how the markets reacted to the rate cut announcement, trying to read between the lines of Jerome Powell’s statement.

 

Checking Accounts

  • How many checking accounts do you have? Teresa Dixon Murray of the Cleveland Plain Dealer advises that you have more than one for security reasons, one tied to your debit card and automatic payments, and a separate one for the majority of your funds. She offers a list of free accounts.

 

Economics

  • Justin Wolfers (NYT) explains how economics could be taught in a way that makes it relatable for everyone. If you teach economics, this opinion piece might give you some helpful examples for class.

 

Investment/Retirement Saving

  • Michelle Singletary, personal finance columnist for the Washington Post, offers suggestions on how to convince younger workers to start saving for retirement. Some of them might resonate with students.

  

Financial pitfalls

 

Careers

  • This column seemed to be aimed at older generations with advice for communicating with Gen Z, but perhaps we should share it with Gen Z so they can be sensitive about managing up? Shouldn’t Gen Z understand how best to communicate with older generations?  (Cleveland Plain Dealer)
  • Career and technology education is an effective pathway to earning money. Here are some facts. (Inside Higher Ed)
  • This article highlighting the non-linear career paths of college graduates is important for all going to college. It helps students translate what they are doing and learning in college into the skills desired in the workforce. (Inside Higher Ed2)

Paying for College

  • The latest scam, is about parents working the financial aid system instead of admissions. Parents give up guardianship of children to make them eligible for more aid. (Inside Higher Ed).
  • Here is a handy list of financial aid terms you should know from the College Pod. Compare it to yours!

 

Parenting

  • Summer may be ending soon (or already has in the South!), but professionals from mental health to college admissions weigh in on how teens should be spending their summers….never too soon to give advice for next year! (WSJ – subscription) 
  • A what age should young adults be financially independent? Parents and their children don’t necessarily agree. (CNBC) Would it surprise you to find that, among those surveyed, the young adults expect to be financially independent by 22, but their parents are guessing it’ll be more like 25?
  • Not directly rated to personal finance but still important, here is a list of 15 apps through which predators pray on children. (11 Alive)

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.