Feb 23, 2018

What I'm Reading This Weekend (2/25-2/26)

Savings/Interest Rates

  • The Federal Reserve has raised interest rates five times in the past few years but "brick and mortar" banks haven't followed suit when it comes to savings accounts for depositors. The Economist explains the reasons why. 

Podcast of the Week

Higher Ed – Student Loans

  • Looks like colleges and universities are falling into two distinct categories: those that prepare students well for life are thriving with growing enrollment, and those that aren’t are shrinking.
  • The Trump administration is looking into ways to allow more student loans to be erased with bankruptcy without actually changing the governing legislation by relaxing enforcement of  "undue hardship" criteria.
  • A couple of Wharton students built a fintech startup called Paytronage, another version of the Purdue program we spoke of last week where you pay your benefactor a percentage of your income for a fixed number of years.

Economics

Debt

  • Here is an interesting interactive map giving average debt by state as a percentage of income.  How does your state stack up?

Investing

Tech/Tech companies

Financial Education as a Corporate Benefit?:

Chart of the Week:

 

About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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