Reading List for May 4-5

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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events

Economics

  • The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
  • A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth. 

Paying for college

  • Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
  • We don’t normally include “listicles,” but this Forbes list “Best Value Colleges” includes some interesting statistics too.
  • There is nothing particularly new in this blog on advocating for yourself when it comes to financial aid, but it links to many good potential resources if you are looking for something new/different (Ed.Gov)
  • Here is a word of caution about jumping on statistics. This fascinating SLATE article reveals there was a coding error behind a highly touted statistic with some serious implications.
  • This Harvard Business Review article examines entrepreneurship among millennials, soon to be the largest population cohort, how student debt is hampering their entrepreneurial efforts, and offers some possible solutions.

Insurance

  • The dangers of high-deductible health insurance plans. (NPR)

Investing 

  • Beyond Meat had its IPO on Wednesday priced at $25, was trading at $46 at midday (+76%) and as high as $63.43 (+154%) during the day. (MarketWatch)
  • As Uber prepares for its IPO, it is comparing itself to another tech giant. Which one? The answer may surprise you. (NYT)
  • Vanguard has figured out a way (and patented it!) to reduce capital gains taxes on its mutual funds using something known as heartbeat trades. ETFs are part of the equation. Here is a good one for those of you technical folks. (Bloomberg)

Retirement

  • Supporting adult children may be killing your retirement prospects. (WAPO)
  • Are you ready for retirement? Check out this RISE Calculator.
  • Why retirees are renting instead of owning homes in cities across the country. (NYT)

Gen Z

Relationships

  • Financial infidelity is on the rise and may be more prevalent than marital infidelity. (A new field of counseling arises.) (NPR)

 

PS: Follow up to Costs of Going Cashless post: All Sweet Greens in Philadelphia will accept cash (the chain does not accept cash). (Daily Pennsylvanian)

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.