Reading List for September 11-13
- A majority of young adults (52%) live with parents for the first time since the Great Depression (graph at bottom of post). (Pew Research)
- Real Estate: “Booming” Zoom towns and “Gloomy” urban rental markets. The statistic above may explain some of the “gloom.” You will find some interesting statistics in this one. (NPR)
- Unemployment: New jobless claims settle down at a still, unprecedented rate of 884,000. And 839,000 applied for the Pandemic Unemployment Assistance Program (for gig workers and the self-employed). Thirty million people are still out of work. Furloughs are turning into layoffs. USA Today Reuters
- Stimulus Checks: The Economist illustrates how people spent their stimulus checks, and the IRS is still looking for 9 million people who were eligible but did not get a stimulus check. (CBS)
- Inflation:The Consumer Price Index rose 0.4% in August, 1.3% year-over-year. (CNBC)
- Survey shows 8 out of 10 Americans have changed their financial priorities as a result of this pandemic to paying down debt and saving. (PRNewswire)
- But Americans are not checking their credit reports as often this year. This is especially worrying for seniors who are more vulnerable to scams and fraud. (PRNewswire2)
- Money magazine offers advice on paying down credit card debt.
- Gender Bias in wealth management and financial planning is getting some attention. (New Yorker)
- Winners this week: Zoom, Peleton, Chewy, to name a few. All are making more and adding more customers in a few months than all of last year. (Marketwatch-Zoom) (Fox Business-Peleton) (Yahoo Finance-Chewy)
- There are new stock exchanges on the horizon. (CNBC)
- Those new to stock trading are now seeing that stocks go down, too.(MarketWatch) Wait until they figure out the tax bill for their day trading? (WSJ-subscription)
- This is a practical, step-by-step guide to using money in a 529 plan to pay for school. (NYT-subscription)
- Frank Bruni describes how this pandemic may change the college admissions process for good. (NYT-subscription)
- While many are thinking “gap year,” Money magazine argues this might be a really good time to go to school.
- Read what happened when one dad turned off the internet in his house. (NYT-subscription)
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.
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