Reading List for September 11-13

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Sep 11, 2020
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Economics, Investing, Credit Reports, Paying for College


Economics

  • 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)

 

Managing Credit

  • 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.

 

Investing

  • 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)

 

Higher Ed

  • 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.

 

Parenting

  • Read what happened when one dad turned off the internet in his house. (NYT-subscription)

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