The latest on quicker paychecks, better financial advisors, and why we’re seeing fewer government services
Here are my favorite personal finance reads from around the web this week.
—The New York Times
The Federal Reserve recently announced that it would create a real-time payments system so people, especially low-income Americans, can access their deposited paychecks or money transfers more quickly. Currently, there is a lag—from several hours to a few days—between when money is deposited or transferred into accounts and when it’s available for use.
The CFP Board of Standards, which oversees the Certified Financial Planner credential, has come under fire recently for not disclosing the disciplinary history of all CFP practitioners. The board has announced it would be reviewing its practices—hopefully making it easier for people to vet potential advisors.
—The Washington Post
Local pension costs have been on the rise across the country for the past decade. Instead of raising taxes or other revenue to fund them, local governments have responded by cutting personnel, which means fewer government jobs and degraded public services, such as police protection, street sweeping, and waste collection.
Student debt in the U.S. is currently at $1.6 trillion. This video maps out what that looks like per person, across age groups and income levels, and what impact student debt cancellation would have.
Craving more financial finds? Here are my latest blog posts!
If you’re thinking about moving in with your significant other, you need to have a money talk together. This financial checklist will make sure you’re both on the same page.
Sports is a great way for your kid to stay active, learn teamwork, and build confidence—but the costs can injure your wallet. Here are tips on how you can save on everything from equipment to training.