Adults are going back to school for lots of different reasons these days, including career changes, keeping up with developments in their field, learning new skills, and personal enrichment. At many colleges, students may be senior executives, retirees, or working moms. Going back to school when you’re older, whether it’s to get an advanced degree, …
As someone that deals with the aftermath of the financial mess, my answer will surprise you. Yes, there should be classes, but it is NOT a vaccination against financial problems, but it might be part of a longer-term multifaceted solution. My observation is that teaching personal finance in high school is a bit like requiring …
by Eric Olsen, attorney and Executive Director HELPS Nonprofit Law Firm I recently read a question on a website that helped persons with credit card debt. The answer given is typical of the deceptive, incomplete, and false answers many websites and their experts provide to seniors with financial problems. Here is the question posed from …
The stock market is often used as an indicator of the economy’s success. With so much weight attached to it, we must all have a full understanding of how investing works — right? Unfortunately, MagnifyMoney found that most Americans aren’t particularly well-versed when it comes to investing. In a new MagnifyMoney survey, we discovered that …
Financial literacy – the most misunderstood and abused good intention. It is alarming how we love simple solutions for complex problems. We want politicians to solve our ills in a soundbite and we want money problems to go away with a class. The reality is neither of those solutions is ever going to work. I …
There’s good news about the huge salaries CEOs earn and it’s bad news for them. For those of us who don’t earn millions of dollars a year, we can smile at a new study by executive search firm Korn Ferry: “CEOs received the lowest pay increase in 5 years.” Researchers pulled public records for 300 …
I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most in need to get more education about managing their finances. You would have expected the National Foundation for …
I just published my latest free ebook titled “How to Get Out of Debt Without Getting Scammed and What to Do if You Have Been.” Book Description It’s tough enough to have to face financial problems, but how do you make sure you can trust someone to help you? This book gives you clear instructions …
Author Helanie Olen has recently released a new book title Pound Foolish: Exposing the Dark Side of the Personal Finance Industry. In this book she discusses the blind faith of many to follow the personal finance advice of popular financial gurus without question. She also talks about the issues surrounding financial literacy and the fallacies …
The Federal Deposit Insurance Commission (FDIC) recently released their latest findings on how people deal with managing their money. I’m not talking about high level issues like which mutual fund provides a better return, but like do you have a savings account. As a consumer debt expert the information is disturbing in two ways for …