Author Archives:
Research Shows Consumers’ Financial Stress Increasing but Move Toward More Responsible Financial Behavior
Latest research shows consumers financial stress is rising despite 15% returns from Wall Street. Consumers still lacking knowledge to retire well and are just trying to make end’s meet in the aftermath of a financial crisis. On a positive note, consumers are becoming more aware of where their finances are going and are heading towards [...]
Teach Your Kids About Money this Summer
How prepared will your children be to someday manage their personal finances? Anna Prior reveals some startling numbers from a survey of high school graduates, and a possible solution involving some quality time with your kids during time off from school. Read the full story at WSJ.com.
New Zealand: A leading country in Financial Literacy
At an international conference in Washington, D.C., on financial literacy last year, the Retirement Commissioner from New Zealand stood up and stated that New Zealand has the best website in the world to promote financial literacy and financial education. Read Annamaria Lusardi’s blog.
Coming Soon: New Rules to come for Credit Card “Fine Print”
Sweeping new restrictions on credit-card companies would ban extra fees and fluctuating rates and arm tens of millions of consumers with more information on their debt. Read the full article at WSJonline.com.
Congress Considering: Bill Proposed to Change Retirement Plan and Disclosure in favor of the Participant
6/23/2009 Introduced. This legislation amends the ERISA rules (that govern retirement plans) to keep the relationship between the employer and the plan provider at an arm’s length. It will provide special reporting and disclosure rules to make fee structures more transparent to the participants. The bill limits the services that can be offered, the types [...]
