Here's an early summer Roundup of interesting articles from around the web.
(We're publishing the Roundup a day early this week. Our end-of-the-month DAA & Sector Rotation updates will be posted tomorrow.)
- Treasury Department recommends 'mandatory' financial-literacy courses for college students (Marketwatch). In a report titled "Best Practices for Financial Literacy and Education at Institutions of Higher Education" (PDF), the authors concede it could be difficult to find teachers because financial education isn't a focus at most schools.
- Nursing home care cost significantly outpaces general inflation and medical care prices (Georgetown University Medical Center news release). Two counterintuitive findings: For-profit nursing homes tend to have lower prices, and the more nursing homes in a particular area, the higher the prices tend to be.
- Nobody actually knows what forgiving everyone's student debt would cost (Slate). Mass forgiveness could cost less than many suspect, or it could cost a whole lot more.
- Married to debt: Couples are taking out loans to pay for their weddings (Washington Post). I've got a bad feeling about this.
- Bank of America CEO: 'We want a cashless society' (Yahoo! Finance) Most small transactions (under $10) are still done with cash. Bankers and fintech companies want to change that.
And from the financial blogosphere...
- Why small costs matter: A dollar a day (Fat Tailed and Happy). Small costs matter precisely because they are small and easy to eliminate.
- Gathering investment lessons from the headlines (Ben Carlson, A Wealth of Common Sense). Sometimes all headlines tell us is that the financial news organization that put them out had to fulfill their quota for the day.
- How Americans save (Michael Batnick, The Irrelevant Investor). Interesting stats on retirement savings, courtesy of Vanguard.
- Being satisfied with what we have (Joe Plemon, SeedTime). Why does Scripture tell us to be satisfied with what we have? Here are at least three reasons.
- A beautiful tithes and offerings prayer (Jason Soroski). Just as Jesus prayed over the loaves and fishes which were then multiplied, we ask God to multiply our offerings and multiply the blessings of our giving.
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