Reading List for December 1-2

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Nov 30, 2018
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Personal Finance, Mortgages, Investing, Mutual Funds, Career, Economics

Personal Finance

  • Kids and Christmas – tis that season once again, and Michelle Singletary shares some advice for keeping the spending under control. (Spoiler Alert: it can get easier if they no longer believe in Santa. (WAPO)
  • Are you caring for a parent? Michelle Singletary looks at both the personal and financial burden of caring for a loved one. (WAPO)
  • Millennials' spending habits have had significant impact on the economy.  A new Fed study explains why they aren't spending (like previous generations). (NPR)

Housing/Mortgages/Refinancing

  • Home refinancing with the purpose of cashing out are at their highest level since 2007, in spite of rising interest rates. What is going on here? (WSJ)
  • Mortgages from institutions outside of bank regulations has increased from 9% of originations in 2009 to 44%. (The Economist)
  • Here is a refresher on the rules of thumb about how much to spend on housing and debt. (CNBC)

Investing/Mutual Funds

  • Jack Bogle reflects on the history of mutual funds and expresses his concern about where the huge growth of this investment vehicle is not necessarily a good thing. (WS

Economics

  • The economics behind wage growth (or lack therof). (WAPO)
  • There has been lots of conversation surrounding Fed chairman Jay Powell’s comments recently. CNBC puts it in perspective and discussed the Fed’s newly issued report on Financial Stability.

Education/Careers

  • I recently included an article on bridging the gap from school to career for liberal arts students. Here is an idea that takes that further: a programming boot camp and a liberal arts school team up. (Inside Higher Education)
  • Given the evolving job market, the future will be about skills, not degrees. Lots of interesting statistics in this one. (CNBC)
  • Ever wonder how applications submitted online ever get through the bots to the person doing the hiring? Money Magazine shares a method to get yours seen.
  • The job market is hot, so why are so many millennial men not working? (Bloomberg)

Infographic

Another good one from Visual Capitalist/Rave Reviews on how Gen Z is facing their financial fears.

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.