The latest on bankruptcy, millennial women, and a nationwide college crisis

The latest on bankruptcy, millennial women, and a nationwide college crisis



Here are some favorite personal finance reads from around the web this week.

 

The rural higher-education crisis

—The Atlantic

We need to encourage kids from all walks of life to attend college, whether they are from urban or rural backgrounds. Higher education—whether that’s at a two-year agricultural trade school or four-year liberal arts school—has a significant impact on income later in life, and should be accessible to all.

Millennial women have more financial freedom than ever, just not if they freelance

—Bustle

Some mixed news: Women have more financial power today than ever before. But there’s still a long way to go for gender equality when it comes to money—and the gap gets even wider when you look at how women fare in the polarizing gig economy.

Caught in the bankruptcy feedback loop

—The Atlantic

An important but devastating piece on how low-income black Americans get caught in bankruptcy loops by unscrupulous business practices. This is why we need regulatory agencies like the CFPB to make sure our financial systems are fair and transparent.

70% of young parents are making this big money mistake

—CNBC

A new survey shows that 70% of millennial parents prioritize their kids’ college funds over their own retirement. It may feel selfish, but putting your retirement in jeopardy is an unwise financial move, even if it’s for a good cause. After all, you can always borrow money for college. You can’t for retirement.

Craving more fresh financial finds? Here are my latest blog posts!

Why using cash is still the best way to teach kids about money

While the idea of a cashless society is gaining momentum, research shows that paying with plastic doesn’t have the same emotional weight as paying with cash. When it comes to teaching your kids financial concepts like spending and saving, counting bills and coins is still the best way to go.

What is the most important thing to look for in a new job?

I asked members of three different generations—millennial, Gen X, and Boomer—what they consider the most important quality in a new job. As expected, they had very different ideas for what makes work worth it.

How we beat rewards cards—and why it’s a dangerous game to play

It can be hard to say no to perks like free travel and fancy hotel rooms. But rewards cards can be dangerous if mishandled. Here are tips from points junkies on how to make the most out of these cards.

My son is a scholarship kid at a fancy high school. How do I talk to him as he struggles to fit in?

Navigating high school is hard enough already. But if your teen can’t afford to keep up with the lifestyle of his wealthier friends, it can be extra tough on his social life. Here’s how to talk it through with your kid.

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Read past Financial Finds here.

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