Category Archives: What Americans Are Worried about Now
Financial Literacy: The Foundation for Building Wealth
I ran across an article last week (Young Adults Need To Seek Wealth Literacy, Not Financial Literacy) which suggested that there is a problem with current financial literacy programs and that we ought to be teaching young people about building wealth instead. The author argues, “there is a loss of translation in somewhere between the [...]
Two examples of why financial literacy may be even more important now
These two articles about the aftermath of the recently enacted credit card rules demonstrate the shortcomings and unintended consequences of financial regulation and the need for financial literacy. The first article shows how credit card companies are instituting new fees to replace the ones that are now illegal and finding clever ways to trick borrowers [...]
Decreasing Your Debt May Mean Increasing Your Savings First
76 percent of consumers in a recent online poll conducted by the NFCC asked about their New Year’s resolutions said they would decrease debt while only 6 percent said they would increase their savings. I don’t know about you, but to me this strategy seems bound to failure. Without savings, decreasing debt only sets you [...]
Financial Finesse Releases Q3 2009 Research Report Measuring Trends in Employee Financial Issues
Financial Finesse’s latest report, which surveys the callers to their financial helpline, found that For the first time since before the Great Recession, Americans are finding their financial situations are not getting worse. Debt calls have leveled out at 39% of total calls, and employees’ overall financial wellness has finally stopped declining. This is great news as we feel people are [...]
Saving for Retirement
Economists and retirement experts have argued for some time that most Americans are not saving enough for retirement. Yet the impact of the recession and the ensuing damage to many U.S. workers’ retirement savings has made the situation even more serious. The issue affects workers of all ages and is projected to intensify as more [...]