The latest on 401(k) expansion, resetting the health care debate, and rescuing low-income college students
Here are some favorite personal finance reads from around the web this week.
The House of Representatives is making a bipartisan effort to get more people to save for retirement. A new proposal wants to make it easier for small employers to offer 401(k)s by allowing multiple businesses to pool their plans together. It would help an estimated 700,000 more Americans save for retirement.
While politicians debate the merits of the Affordable Care Act, polls show that cost is the main health care issue Americans are concerned about, since many people are still confronted with high insurance premiums, out-of-pocket costs, and surprise medical bills.
—The Chronicle of Higher Education
In Texas, Amarillo College is attracting national attention for its “No Excuses” program, which offers social services and financial assistance to low-income students struggling to afford basic needs like food and housing. Recognizing that poverty poses the biggest challenge to student retention, the program rallies support from the local community and is being used as a model at other colleges.
A study in Singapore tested low-income participants who got debt relief and found their overall anxiety, cognitive functioning, and impulse control improved. The researchers hope to showcase how challenging it is to escape poverty, given that debt impairs your psychological functioning and decision-making.
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Congress is tackling the long-overdue revision of the Higher Education Act, but the Trump Administration has already laid out its priorities. Here’s the scoop.
Knowing the right people is important for your career, but what if you are newly graduated, or just don’t have any connections? Here’s tips on getting started.
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