The latest on canceling student debt, the gender gap’s costs, and how to KonMari your finances
Here are some favorite personal finance reads from around the web this week.
The economic case for canceling all of the U.S.’s student loan debt
–Girlboss
A team of economists recently researched what would happen economically if the federal government canceled Americans’ $1.4 trillion student loan debt. Their findings? More consumer spending, job stimulation, and reduced unemployment, with only modest upticks in inflation and interest rates.
This is exactly how much the gender wage gap costs women over their careers
–Marketwatch
A new study from John Hopkins University School of Medicine found that even a relatively small pay disparity can cause women to miss out on as much as $500,000 in salary and investment returns over 30 years.
Is clutter also making you bad with money?
–The Cut
The new Netflix show Tidying Up with Marie Kondo spurred one writer to question whether getting rid of clutter could impact her spending. A psychologist helps confirm this: Healthy habits like tidying up and saving become ingrained when you’re young and are related to your overall conscientiousness.
‘Nobody like you has ever done it’: How a high school dropout became president of the San Francisco Federal Reserve
–The Washington Post
This former high school dropout is now in charge of the Federal Reserve Bank of San Francisco. Considered a trailblazer, she aims to raise the number of Americans getting college degrees and wants to mentor those working their way up.
Craving more financial finds? Here are my latest blog posts!
Are online games scamming your kids—and you?
For years, Facebook tricked kids into making in-game purchases without their parents’ permission. Here’s my advice on teaching them how to spot a scam and be mindful of their spending.
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