The latest on financial literacy in schools and how women ended up with the most student debt
Here are some favorite personal finance reads from around the web this week.
The 4th R: Real life
—The New York Times
An amazing essay by a 16-year-old (yes, that’s right, 16) about why American students need financial literacy courses in schools.
One day, two students: What college looks like from opposite ends of the income gap
—The Washington Post
In case you missed this story, here’s a look at the college experience from two very different perspectives. The party-hearty, spring-breaking college student you see on TV represents only a small fraction of students nationwide.
Women have $890 billion in student loan debt, the country’s biggest share
—CNBC
Another reason it’s so important to tackle the wage gap now? Women owe $890 billion in student loans—the majority of America’s $1.5 trillion student debt. Because women earn less, it takes longer to pay off those balances—and they accrue even more interest. The only way to break this cycle is by working toward income equality.
The uncomfortable relationship between mobile payments and financial literacy [Paywall]
—The Wall Street Journal
This supersmart piece by financial literacy champion Annamaria Lusardi explains why, in the age of Venmo and online payments you barely notice, cash is still king. After all, when you make electronic payments, you are less aware of how much you are spending and how it impacts your budget.
Craving more financial finds? Here are my latest blog posts!
How do I help my free-spending friend make his money habits match his age?
Your friend’s new designer shoes and expensive trips might look nice, but if her reckless money habits are getting destructive, here’s how to talk to her about it as a concerned friend.
Should you be worried if your kid wants to go to art school?
Turns out the myth of the starving artist is just that—a myth. With the right plan, art school is rewarding and, yes, financially viable.
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