Personal income
Georgia just became the latest state to require personal finance education
Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, January 5, 2022. Alyssa Pointer | Reuters High school students in Georgia will soon have guaranteed access to a personal finance […]
Read More
88% of adults support requiring personal finance education in high school, survey finds
Most adults in the U.S. support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from […]
Read More
High inflation may prompt people to change their summer vacation plans
Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have soared […]
Read More
74% of people do not think they will ever achieve high net worth status, survey finds
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth, […]
Read More
These states are poised to pass personal finance education legislation this year
Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Even more states could pass legislation this year to make […]
Read More
There’s a growing interest in wealth taxes on the super-rich. Here’s why it hasn’t happened
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing on Feb. 23, 2021. Greg Nash | Pool | Reuters Americans increasingly favor a wealth tax on the ultra-rich. But despite an uptick in proposals, these policies have struggled to gain traction. President Joe Biden in March unveiled the latest federal wealth tax […]
Read More
Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
Read More
Developers are turning to master-planned communities to solve the housing affordability crisis
Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing up prices for consumers, and catching the […]
Read More
‘It’s a lifelong experience.’ Governors say financial education should extend beyond school years
Student Olivia Raymond participates in a personal finance course in her middle school class in West Orange, New Jersey, in February 2020. CNBC Pursuing financial literacy is something that should continue beyond traditional school years, according to several state governors. “We think it’s a lifelong experience,” New Jersey Gov. Phil Murphy told CNBC’s Sharon Epperson […]
Read More
This 38-year-old makes $160,000 per month in passive income—after losing his job: ‘I work only 5 hours a week now’
Growing up, I loved music and had my sights set on becoming a full-time musician. I followed my dream in a practical way — working a corporate 9-to-5 as an audio engineer while growing a business as a freelance music producer for indie artists on the side. But in 2009, at age 26, I lost […]
Read More