The FINRA 2012 National Financial Capability study results are due out soon and likely will show no improvement in individuals’ money management skills. With so much energy being put into financial education, poor test results embolden critics and threaten a movement.
Budgeting
The New Retirement: Forget Being Rich, All We Want Is Peace of Mind
Four years after the recession ended we are still getting signals that our values have changed–at least partly of necessity.
4 Easy Steps to Raising Money-Smart Kids
We may be asking too much of schoolteachers when imparting good money habits to kids boils down to four simple rules you can practice at home.
$1.50-Per-Day Challenge: How Chefs, Celebs and TV Anchors Are Getting By
Celebrities and political figures are among the thousands of people living on daily food budgets of $1.50 during the Live Below the Line challenge, a campaign to raise money and awareness for global poverty
How to Tame the Rising Cost of Prom Season
Americans generally remain frugal in the aftermath of the Great Recession. But prom night appears invulnerable to austerity. Here’s what you can do about it.
Ben Affleck to ‘Live Below the Line’ with Food Budget of $1.50 per Day
Oscar winner Ben Affleck’s next project is a challenge aimed at raising money and awareness for global poverty.
Can You Afford to Start Parenting at Middle Age?
Advances in reproductive technology and a trend towards marriage later in life have led to an increase in older parents. But do these old fogies know what they’re getting themselves into, financially speaking?
Financial Independence? Today’s Young People Don’t Expect It Anytime Soon
In a mere two years, the proportion of teenagers who expect to be financially dependent on their parents until their mid-20s has doubled. That gives us all another reason to feel sympathy for parents who have teenagers right now.
Communication Breakdown: If You Think You’re Talking About Money, Your Kids Don’t Hear It
Parents and kids can’t seem to agree on whether they are even discussing personal finance, a new survey shows. That’s OK. Actions are what matter.
Millennials Are Paying Off Debt — but That’s Not Necessarily Good News
A new study suggests that millennials are getting serious about paring down their debt. But a closer look at the numbers shows some troubling signs
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.