How to Make College Cheaper - New York Times

THE soaring cost of college — a 1,225 percent increase since 1978, nearly twice the rate of the rise in health care costs — is such a problem for most families that politicians across the ideological spectrum are actually taking notice. President ...

Wednesday, February 25, 2015

This Formula Can Help You Figure Out How Much to Save for College - TIME

Q: “My husband and I have been saving for our kids' college since they were born. They are now 4 and 6. Our initial plan was to just throw what we could into a savings account, then we moved that money to a 529. We make small monthly contributions, and ...

Tuesday, February 24, 2015

The 'smart money' is investing in oil now - CNNMoney

Like shoppers on Black Friday, Wall Street titans have a keen smell for deep discounts. At the moment, they're sniffing in oil fields. Many parts of the U.S. stock market look expensive these days, but prices have fallen dramatically in the energy ...

Monday, February 23, 2015

5 Ways to Invest Smarter at Any Age - TIME

One reason: Pagel says savers who train themselves not to peek are more likely to invest in stocks. And research by Dalbar finds that investors' tendency to panic sell in bear markets has cut their average annual returns to 5% over the past 20 years ...

Friday, February 20, 2015

Obama's Economic Report Focuses on Income Inequality - New York Times

The 2015 Economic Report of the President released Thursday focuses squarely on the challenges of rising income inequality and stagnant wages for average families. The need for “middle-class economics,” not any near-term push to shrink government ...

Thursday, February 19, 2015

U.S. Health-Care Spending Is on the Rise Again - Bloomberg

The national medical bill may be back to growing faster than gross domestic product. After five years of historically slow growth, new data show U.S. health-care spending accelerated significantly in 2014. The analysis, from the Altarum Institute ...

Wednesday, February 18, 2015

Student Debt May Be Sabotaging Your Shot at Buying a Home - Bloomberg

Student debt continued its decade-long explosion last year, quietly undermining many young people's chances of buying a home, according to data from the Federal Reserve Bank of New York. A blog post published on Wednesday by the New York Fed ...

Wednesday, February 18, 2015

Slow productivity growth could hurt the economy - USA TODAY

Sluggish productivity already has narrowed the fourth-quarter earnings reported by large corporations in recent weeks and is likely to continue to constrain wage increases and economic growth, analysts say. "It's a major problem," says Robert Atkinson, ...

Tuesday, February 17, 2015

States with the worst taxes on average earners - USA TODAY

When looking at taxes paid as a share of the income earned, all states have a regressive tax system, which means poorer residents are taxed more than the wealthiest ones. The difference in effective tax rates between income groups, however, varies ...

Sunday, February 15, 2015

Greed is back! Stocks at all-time highs - CNNMoney

Central banks around the world (with the notable exception of the Federal Reserve) are slashing interest rates and/or buying bonds to fight slowing growth and the threat of deflation. This injection of liquidity could keep stocks afloat for the ...

Friday, February 13, 2015

Cheaper Gas Lowers US Retail Sales; Spending up Elsewhere - ABC News

U.S. retail sales fell sharply last month as gas prices plummeted and auto sales slowed. But excluding those volatile categories, Americans stepped up their spending a bit. Retail sales dropped 0.8 percent in January, the Commerce Department said ...

Thursday, February 12, 2015

The Power of Saving: Exploring the Mathematics of Compound Interest - New York Times (blog)

In this lesson students explore the basic mathematics of savings and interest using a simple model inspired by a recently proposed automatic retirement savings plan. By manipulating the parameters of the model and analyzing the consequences, students ...

Wednesday, February 11, 2015

The United States Economy Is Turning Into A Jobs Machine - Will It Continue? - Forbes

The message I want to transmit today has to do with the labor market. It appears the U.S. economy, slowly but surely is becoming the jobs-machine we have been seeking since the end of the recession. Will the improved employment trends of late continue?

Tuesday, February 10, 2015

When Is Buying A Car Better Than Leasing? - Investopedia

At some point, nearly every driver in search of a new car has faced the big question: is it better to buy or lease? Unfortunately, there is no universal answer. How to acquire a vehicle largely depends on one's priorities – whether it's getting the ...

Monday, February 09, 2015

What the stock market needs now: American spending - CNNMoney

That's extra money they can spend on food and travel. "The combination of more jobs, a better labor market and low oil prices -- I think we'll see consumer confidence continue to rise," says Ed Keon, a portfolio manager at Quantitative Management ...

Monday, February 09, 2015

Falling Marriage Rates Reveal Economic Fault Lines - New York Times

“There are relatively few relationships that are more fully documented than those between economic well-being and marriage,” said Ron Haskins, who is the author of many scholarly papers on marriage and a senior fellow at the Brookings Institution in ...

Saturday, February 07, 2015

Cool at School: Hollingsworth students save money - KLAS-TV

LAS VEGAS - Students at Hollingsworth Elementary School are packing their piggy banks via a financial program that teaches them to save money. "You should save it, because it will help you get a better job and good college later on in life," said ...

Friday, February 06, 2015

Invest your way to a $1 million nest egg - Yahoo Finance

It's a literal million-dollar question: If you had $1 million in 1975, how much would it be worth today, assuming you stashed the money in your mattress? Would you guess $4.4 million? That quadruple jump comes courtesy of the U.S. Bureau of Labor ...

Wednesday, February 04, 2015

Better Test Scores Could Mean Trillions of Dollars for the U.S. Economy - U.S. News & World Report

The U.S. economy stands to gain $10 trillion by 2050 if American children's math and science test scores improve to match those from Canada, according to a study issued this week by the Washington Center for Equitable Growth. The study is based on math ...

Tuesday, February 03, 2015

Creative Ways Americans Can Buy a Home - U.S. News & World Report

Co-buying. Multigenerational homes are becoming more mainstream. In fact, a Pew Research report found that 57 million Americans (about 18 percent of the population) lived in multigenerational households in 2012, compared to 28 million in 1980.

Tuesday, February 03, 2015

Looking for a good job? Try these cities - CNNMoney

Got a bit of tech savvy and want a high-paying, high-growth job? There's a city for you. A new report from the Brookings Institution ranks America's cities according to the percent of the workforce employed in what it calls "advanced industries." This ...

Tuesday, February 03, 2015

Obama 2016 Budget Boosts Funding for Early Ed, Community College - U.S. News & World Report

The education portion of President Barack Obama's 2016 budget would make significant investments in programs from the preschool through college levels. The budget proposes a more than 5 percent increase – or $3.6 billion – in discretionary education ...

Monday, February 02, 2015

Obama sends Congress $4T budget replete with new spending, taxes - Fox News

President Obama on Monday opened his campaign for a $4 trillion budget despite it being given little chance of passing, as Republicans blast the fresh-off-the-presses proposal as a bundle of new spending, new taxes -- and new borrowing. The plan ...

Monday, February 02, 2015

Voices: A wake-up call for saving for college - USA TODAY

My failure to get going on my kid's college savings has been nagging me since President Obama proposed in his State of the Union Address to effectively strip 529 college savings plans of the tax breaks that have made them popular. After facing an ...

Monday, February 02, 2015

Here are the drivers of future economic growth - CNNMoney

"The U.S. economy is transitioning from a financial services economy into something much more real," said Meredith Whitney, the former star Wall Street analyst who now helps run a hedge fund. As the stock market turns the page on its worst month in a ...

Sunday, February 01, 2015

US Economy Slowed in 4th Quarter, but Consumer Spending Boomed - New York Times

Economic growth slowed at the end of 2014, but robust consumer spending during the final quarter of the year, which is expected to continue as Americans enjoy the benefits of lower energy prices, suggested that the economy was likely to pick up speed ...

Friday, January 30, 2015

What Do Falling Oil Prices Mean For Real Estate Markets? - Forbes

According to a recent report from real estate data service Trulia, the major U.S. cities with the highest employment share in oil-related industries are Bakersfield, Baton Rouge, Houston, Oklahoma City, Tulsa, New Orleans and Fort Worth. All of these ...

Friday, January 30, 2015

Even With Low Prices, US Oil Industry Pushing for Exports - ABC News

Supporters see possible inroads in a Congress controlled by Republicans who generally are considered more receptive to oil exports, as well as some signs that the Obama administration may at least be open to consider changes to longstanding policy, ...

Thursday, January 29, 2015

America needs a real plan for economic growth - The Detroit News

So said President Barack Obama in the State of the Union last week. At first glance, this appears correct. In Michigan, the unemployment rate fell from 8.5 to 6.7 percent last year. The economy also grew 5 percent in the 3rd quarter of 2014 — the ...

Wednesday, January 28, 2015

Phoenix launches economic development campaign amid Super Bowl hoopla - Phoenix Business Journal

With all eyes on greater Phoenix because of the Super Bowl, the city of Phoenix is kicking off a campaign that lets everyone know it is poised for new economic and business opportunity. The big game will be played in Glendale, but downtown Phoenix is ...

Thursday, January 22, 2015