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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