Reading List for September 15-16
Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year.
Ten Year anniversary of Lehman failure
- What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons.
- The WSJ looks back at how the Great Recession changed our relationship with risk.
- This WSJ/The Outlook discusses if the Fed has new tools to deal with fine-tuning the economy at this juncture and avoid the next crisis?
- Has your 401k/403b recovered? Michelle Singletary’s WAPO column looks back at the Lehman failure, what followed, and what you might want to consider going forward.
Paying for college
- The student debt and growing default rates is a real issue. This NYT article has lots of good graphics that tell the story.
- A survey from OneAmerica (retirement plan) suggests that student loan repayment is having a major impact on retirement savings.
- Here is an excellent Q&A on Financial Aid from the WSJ: "How To Get The Most Financial Aid For College."
- The good news: FAFSA will get easier to fill with a new smart phone app. The bad news: it still has around 100 questions. (MarketWatch)
- The Fidelity 2018 College Savings Indicator Study has been released and suggests one third of parents expect their kids to save at least $10,000 to help pay for college.
Reactions to the NYT FIRE article from last week
- Here is the Bloomberg reaction: do the math first.
- And Cullen Roche of Pragmatic Capitalism (www.pragcap.com) offers his assessment.
- AARP Fraud Watch Network serves people of all ages. Here are the results of their recent survey of digital identity risk and their recommendations.
- If you are interested in where we stand one year after the Equifax breach, this article has some data and a link to the full study from the Identity Theft Resource Center.
- What teens need to know about cybersecurity – from The Conversation.
- A report issued this week from the TIAA Institute and GFLEC got some press. One key finding is that millennials high utilization of FinTech does not mean they are financially literate.
- The Chicago Tribune brings us this article on the Academy Group in Chicago, which addresses the need for FinLit among underserved students of color.
- Fatherly.com discusses the current situation of school-based financial literacy education and suggestions for how parents can advocate for more of it.
About the Author
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
To get access to NGPF answer keys, assessments, and teacher-only resources: create a FREE Teacher Account