What I Am Reading This Weekend (May 19-20)
Busy week..Happy Friday! Here's what caught my attention that I'll be reading this weekend. Enjoy!
Student loans
- It's a new perk in many companies..but should companies help their employees pay off their student loans? The Atlantic weighs in.
- Federal student loans for the new school year are set and they are....here's the article that describes why the rate is rising.
- He was an expert on student loans, until he wasn't. Inside the story of the mysterious Drew Cloud.
Credit cards
- A recent Supreme Court ruling will likely open the door to legalized gambling across the country, but will credit card companies play along?
Behavior
- A little bit of math here on the difference that 0.5% can make while investing with a long time horizon.
- Interesting perspective from Barry Ritholtz offers a good reminder on the right way to fail.
Random:
- Here's an amazing stat regarding life expectancy...."for those born in 1900, about 13 out of 100,000 made it to 100. For those born in 1950, 199 are projected to make to 100 - a significant increase. Now the CDC is projecting that 2,111 out of 100,000 born in 2014 will make it to 100." That's a lot of compounding opportunities!
Chart of the Week: How do Americans define wealth?
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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