With 46 states signed on for the new Common Core academic standards in 2014, the Federal government is bidding to make personal finance instruction an embedded part of Math and English. Treasury will unveil an online teachers tool this spring.
Financial Education
How to Master the Allowance Question and Prepaid Cards in One Shot
Virtual family banking site FamZoo has introduced a prepaid card that actually makes sense–for kids and parents.
Bold New Rule: Students in the U.K. Must Study Personal Finance
Dozens of countries, including the U.S., are searching for ways to raise the financial I.Q. of their citizens. But only a handful have taken the bold step of making personal finance a high school requirement. Here’s why the U.S. needs to move faster.
Boomers Never Got Their $30 Trillion Inheritance — Will Millennials?
As banks contemplate $30 trillion flowing from boomers to Gen Y over the next 30 years, they’re starting to think about how to capture this important and largely under-served demographic.
Coming Soon for Our Own Good: Restrictions on Big Retirement Account Payouts
Look for employers to curb your 401(k) plan flexibility as they address the problem of lifetime income.
Misguided? Half of Adult Children Think Parents Made No Money Mistakes
Adults past age 30 generally feel their parents nailed it when it comes to money matters, a new survey shows. Are these people doomed to repeat their parents mistakes?
How Spending More on Academics Can Actually Hurt College Enrollment
You’ve probably heard of college described as little more than a “party,” or perhaps as a “country club” where the emphasis is on socializing and top-notch campus amenities, not studying and a top-notch academic environment. It turns out there is good reason why many colleges today put more focus on fun.
Are We Watching a ‘Great Rotation’ Into Stocks?
Money is flowing into stock funds this year. Skeptics abound but others believe that the Fed’s determination to rekindle an appetite for risk will produce a shift from bonds into stocks over the next few years and drive prices higher.
How the Payroll-Tax Hike Can Destroy Your Savings Plan
Saving is hard enough. The payroll tax hike will cost the average worker $700, tempting you to cut saving instead of spending. Look out.
Cash Leaking Out of 401(k) Plans at Alarming Rate
A quarter of money socked away for retirement comes out early, much of it subject to penalties and income taxes. For many, the venerable 401(k) is just too darned inefficient
Celebrity Prepaid Cards: Will Justin Bieber Fare Better than the Kardashians?
Teen sensation Justin Bieber’s prepaid debit card goes live in coming days. He can only hope he gets a better response than the Kardashians, who had to withdraw their predatory card from the market and wound up in court.
Flashpoint: Young Workers with a 401(k) Finally Get Diversified
Young workers don’t save enough. But those that participate in a 401(k) plan are doing a pretty good job of managing their assets, thanks in big part to one-decision target-date mutual funds.
