Monthly Archives: February 2014

Trends in Personal Finance – Week ending 02/21

Lots of great articles that I wanted to highlight:

  • Rather than wait for states to act, might we see more districts act on their own to add personal finance courses as this district in Milan, MI is considering (Milan News-Leader)
  • What is the cost of active vs. passive management?  The answer might surprise you as well as the implications for your retirement investing strategy (Economist)
  • Good lesson on the importance of reading the fine print.  Capital One changes their credit card agreement and won’t be showing up at your job or home to collect your credit card debt (NY Times)
  • Why does America have such a high rate of credit card fraud?  (Economist)
  • Federal Reserve data shows increasing delinquencies for student loan borrowers:  “The report, for the fourth quarter of 2013, showed that 11.5 percent of such loans were at least 90 days behind in payments. In credit cards, traditionally the type of loan most likely to default, the rate was just 9.5 percent.”  (NY Times)
  • More credit card companies making it easier to know your FICO score:  “Discover started offering free FICO scores to users of its new “Discover it” cards last November, and recently expanded the service to “millions” of holders of all of its various consumer cards. First Bankcard, the card-issuing arm of the First National Bank of Omaha, and Barclaycard, the United States card unit of Barclays, also began providing free FICO scores…(NY Times)
  • Great article for high school seniors to read about college-provided debit cards before heading to college in September:  “Campus debit cards are the subject of a new report by the Government Accountability Office, which recommends tougher regulations to ensure students are not unfairly steered into using the cards or paying unnecessary fees to access federal aid.”  (NY Times)
  • Good and bad of rising consumer debt (Marketplace):  Are happy days here again?