The latest on college dropouts, forced retirement, and how to curb overspending
Here are some favorite personal finance reads from around the web this week.
The ‘Moneyball’ solution for higher education
—Politico
Some universities are using predictive analytics to improve college completion rates. They calculate incoming students’ academic and financial risk factors to help prevent them from dropping out. In the case of Georgia State, it’s actually worked, especially with low-income, first-generation, and minority students—groups that have the hardest time succeeding in higher education.
Community-college students succeed at elite schools—when they’re admitted
—The Atlantic
A new report finds that students who transfer to elite private schools from community colleges perform better than first-time freshman, and graduate at higher rates than transfer students from other four-year colleges. Yet these private institutions are less likely than public colleges to enroll these students. That needs to change.
The financial struggles of unplanned retirement
—Fox Business
According to a survey by the Transamerica Center for Retirement Studies, more than half of retiring Americans had to leave the workplace earlier than planned. Two women share how they were forced to retire, and what they think their new financial lives will be like.
‘I make a six-figure salary but I’m still always broke’
—The Cut
A compulsive shopper with disposable income finally seeks help for her nonexistent savings account. Here’s how she was advised to overcome her habits, beyond just “budgeting.”
Craving more financial finds? Here are my latest blog posts!
Research shows that when it comes to investing, women take on less risk, save money by avoiding hyperactive trading, and often come out ahead in the end. Here’s why that’s always newsworthy.
Fact Check Finance: Apple Pay is safer than using plastic
I started a new series about those bold money assertions that may or may not be true. Up first: whether contactless payments like Apple Pay are actually safer than using a card.
Fact Check Finance: Having credit card debt can help raise your credit score
My second post in the Fact Check Finance series debunks a popular, persistent myth: About 43 million Americans carry a balance because they want to improve their credit scores. News flash: That doesn’t work.
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