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☆ Gen Z prefers paychecks over promotions, survey says
▼ + stars: | 2024-02-06 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Advertisement"Since 2021, Gen Z has been living with rates of inflation not seen in the US in decades," the Standard reported. AdvertisementAccess to loans, a strong 401(k) retirement account, and reliable insurance coverage are benefits that Gen Zers expect from employers. Over 90% of Gen Zers and millennials said they're considering leaving their jobs, per a 2023 LinkedIn survey. AdvertisementBy offering intentional tools toward sustained economic stability, The Standard said companies will have better luck recruiting and retaining Gen Z workers. Are you a Gen Z worker and willing to share details about your economic stability goals and how you plan to achieve them?

Persons: —, Zers, Gen Z, Gen Zers, X, millennials Organizations: Service, Business, Bureau of Labor Statistics, Standard Locations: homebuying

watch nowHigh schools have been buzzing about financial education. They earned an "A" because in those states, high school graduates in the class of 2023 were required to have taken a personal finance course before graduation. Studies show personal finance education can make a significant difference in young adults' financial behaviors, from improving credit scores and lowering loan delinquency rates to reducing payday lending and helping students make better decisions about college loans. A few states still have 'virtually no requirements'Meanwhile, four states — California, Connecticut, Massachusetts and South Dakota — as well as Washington, D.C., got failing grades, receiving "F"s in this report because they have "virtually no requirements" for personal finance education in high school. Still, advocates in "failing" states, such as California, are working to change the laws to ensure students are guaranteed financial education.

Persons: Virginia —, John Pelletier, Champlain, " Pelletier Organizations: Center for Financial, Champlain College, Champlain College's Center, Financial, South Dakota —, D.C Locations: Burlington , Vermont, — Alabama, Iowa , Mississippi , Missouri , Tennessee , Utah, Virginia, U.S, — California , Connecticut , Massachusetts, South Dakota, Washington, California

☆ More States Now Require Financial Literacy Classes in High Schools
▼ + stars: | 2023-12-01 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Requiring all students to take a financial literacy course can help reduce such inequality, Mr. Pelletier said. Carly Urban, a professor of economics at Montana State University who studies financial literacy, said that discussions about what topics should be taught in classrooms are often bitterly divisive, but state legislators appear to be finding common ground supporting high school financial instruction. Most American adults said they wanted their states to require a semester- or yearlong financial course to graduate from high school, according to a 2022 poll from the National Endowment for Financial Education. Over the years, questions have arisen about whether high school financial literacy classes are effective. High school financial instruction, she said, “overwhelmingly” improves credit scores, lowers loan delinquency rates and reduces the use of risky services like payday lending.

Persons: —, Pelletier, Carly Urban, Urban, “ Organizations: FINRA Investor Education Foundation, Financial Industry Regulatory Authority, Montana State University, National Endowment, Financial Education, Champlain College

☆ Here's how three educators are teaching financial literacy in Nashville-area schools
▼ + stars: | 2023-11-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Michael Morrow Courtesy: Michael MorrowAs Americans grapple with economic uncertainty, educators in Nashville, Tennessee, are preparing high school and middle school students with personal finance courses that many of their parents never had. Currently, 23 states, including Tennessee, guarantee at least one semester of personal finance before high school graduation, according to Next Gen Personal Finance. 'I think it's going to be life-changing for them'Teresa Helms Courtesy: Teresa HelmsWhile personal finance isn't required for middle school students, Teresa Helms, 45, recently began teaching My Classroom Economy, a financial literacy program. Since 2018, nearly 8,900 Tennessee students have used My Classroom Economy and more than two-thirds of teachers have reported a boost in students' financial skills, according to the Tennessee Financial Literacy Commission's 2022 annual report. Shelly Lott Educator at Northeast Middle School

Persons: Michael Morrow, It's, Morrow, Teresa Helms, I'm, Helms, Shelley Lott, Shelly Lott, Lott Organizations: Finance, Tennessee, Southeast High School, Financial, Rose Park Middle School, Northeast Middle, Middle Locations: Nashville , Tennessee, Tennessee, Alabama , Iowa , Mississippi , Missouri, North Carolina , Utah, Virginia, Nashville, Clarksville , Tennessee

☆ The Best Savings Accounts for Kids and Teens
▼ + stars: | 2023-11-22 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

Best overallCapital One Kids Savings Account Learn MoreAge to open: under 18Interest rate: 2.5%, with no cap$0 to openNo maintenance feesWhy we picked it:Capital One’s Kids Savings Account delivers everything a parent could want in a place to stash their child’s funds: It’s easy to use, fee-free, and generously rewards kid savings of any size. On your child’s 13th birthday, the account will be converted into a MyLife Teen Checking or MyLife Savings account. Older savers should consider our best overall pick, the Capital One Kids Savings Account, or our choice for best teen savings account, the MySavings Youth Account from Chevron Financial Credit Union and Spectrum Credit Union. For instance, a kid with $2,500 in the account would net $81 in a year vs. only $63 with Buy Side from WSJ’s best overall pick, Capital One’s Kids Savings account. Also worth noting: Alliant’s adult offering, the High-Rate Savings account, is Buy Side from WSJ’s top choice for a credit union savings account thanks to its identical 3.1% payout and lack of fees.

Persons: Kerri Anne Renzulli, don’t, One’s, USAlliance, Best, Foster, Alliant, Cookie, Elmo Organizations: Capital, Capital One’s, Financial, Union MyLife Savings, Savings, Kids, American Consumer Council, Chevron Financial Credit Union, Spectrum Credit Union, Chevron Federal Credit Union, Chevron Corporation, Bechtel Corporation, Federal, Foster Care, Bank, PNC Bank’s, PNC, D.C Locations: Washington

☆ 3 young millionaires share the one index fund they'd invest in — plus the early mistake that could cost investors six figures in their retirement funds
▼ + stars: | 2023-10-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

People often turn to index funds or exchange-traded funds to simplify investing while getting exposure to diverse assets. According to an expense ratio calculator, the same setup would cost $8,278 with an expense ratio of 0.04%. It was money he would decide to scatter across nine index funds to diversify his portfolio. In 2019, he started the Personal Finance Club, which offers free and paid content about index fund investing. She sticks to one fund: the Vanguard 500 Index Fund ETF (VOO), which tracks the S&P 500 and is rebalanced quarterly to include the top 500 domestic companies.

Persons: Michael Quan, Quan, Jeremy Schneider, Treasuries, Schneider, Vivian Tu, she's, Rich, Tu Organizations: Investment Company Institute, Vanguard FTSE, Market, Fund, Finance Club, Fidelity, Street, JPMorgan Locations: Canada, Europe, Japan, New York City

The surge comes as educators are scrambling to bolster students’ math skills, which plummeted during the pandemic and haven’t fully recovered. Advocates say personal finance courses could pay dividends if students learn how to make wiser money decisions and avoid financial hazards. “The more math you add to financial literacy, frankly, the better it is,” says Annamaria Lusardi, founder and academic director of the Global Financial Literacy Excellence Center. ... Having said that, financial literacy is more than math.”Idaho is one of the states where a new financial literacy curriculum is hitting classrooms. In 2020, the NAACP issued a resolution calling for more financial literacy programs in K-12 schools.

Persons: Bryan Martinez jots, ” Martinez, Tonica Tatum, Gormes, ” Tatum, “, ”, Annamaria Lusardi, weren’t, Debbie Critchfield, aren’t, Laina Cox, Tatum, Martinez, who’s, ___ Sadie Dittenber Organizations: WASHINGTON, Capital, Associated Press, Christian Science Monitor, Dallas Morning News, Idaho Education, Courier, The Seattle Times, D.C, Council for Economic Education, Global Financial, “, Advocates, NAACP, Finance, Capital City Public Charter School, Carnegie Corporation of New, AP Locations: Capital City, Idaho, South Carolina, The Washington, Idaho’s, Carnegie Corporation of New York

☆ Mintago helps employers provide better financial support to their staffers. It just raised $4.75 million with this 11-slide pitch deck.
▼ + stars: | 2023-09-25 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

A startup that helps employees manage their financial wellbeing has raised $4.75 million in fresh funds. Mintago also provides financial education programs, online savings tools, plus access to financial advisors and debt counselors. The startup works with businesses like Oddbox, Chilly's, Olio, and Superscript and is regulated by the FCA. Mintago's funding round was led by BlackLion Ventures alongside Love Ventures and Cur8 Capital. The company started the process of raising capital in November 2022, emphasizing its thesis around the combination of fintech and wellbeing, Cao said.

Persons: Mintago, Chieu Cao, Cao Organizations: FCA, BlackLion Ventures, Love Ventures, Cur8 Locations: London

☆ Delta's emergency savings initiative offers workers up to $1,000 each. Here's how it works
▼ + stars: | 2023-09-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

The airline will then match up to $250 of an employee's contributions made with payroll deductions to that account for a total of $1,000. When the economy stalled, Delta workers tapped roughly $1 billion in hardship withdrawals from their retirement accounts, Bryant said. "I didn't have a strategy in place on how to save money," said Loretta Day, a Delta flight attendant based in Atlanta. But it didn't take long for Day, 51, to practice better money habits once she completed a financial education class, she said. With the additional support, workers "are going to come in earlier, stay longer and go the extra mile," Bryant added.

Persons: Jeff Greenberg, John Hope Bryant, Bryant, Loretta Day, Kelley Elliott, Fidelity's Taylor, Douglas Boneparth Organizations: Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Universal, Getty, Delta, Fidelity Investments, Employees Locations: Delta, Atlanta

☆ What Is the 50/30/20 Rule?
▼ + stars: | 2023-09-07 | by ( Kevin J. Ryan | ) www.wsj.com time to read: +7 min

Perhaps the most popular method is the 50/30/20 rule, which is a simple and effective way to take control of your money. The 50/30/20 budget rule was popularized by Sen. Elizabeth Warren—then a Harvard Law professor—and her daughter, Amelia Warren Tyagi, in their 2006 book “All Your Worth: The Ultimate Lifetime Money Plan.” They called it a “good rule of thumb” for getting your budget in order. What is the 50/30/20 rule? Alternatives to the 50/30/20 budget methodOf course, no one budgeting method is for everyone. For example, like the 50/30/20 rule, the 70/20/10 rule also divides your after-tax income into three categories but differently: 70% for monthly spending (including necessities), 20% for savings and for 10% donations and debt repayment above the minimums.

Persons: Kevin J, Ryan, Sen, Elizabeth Warren —, —, Amelia Warren Tyagi, “ It’s, ”, Akeiva Ellis, Greg Giardino, “, “ You’ve, You’ve, Austin, Jordan Benold, that’s, it’s, There’s Organizations: Harvard Locations: Tarrytown, N.Y, San Francisco, New York, Frisco , Texas, you’ll

☆ Morgan Stanley launches financial literacy program for NIL agreements
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley launches financial literacy program for NIL agreementsLarry Fitzgerald, former NFL all-pro wide receiver, Morgan Stanley's Sandra Richards, and CNBC's Frank Holland join 'Power Lunch' to discuss Morgan Stanley's financial education program for name, image, and likeness deals, attracting investment clients through NIL deals, and educating young people about how to thoughtfully manage contracts.

Persons: Morgan Stanley, Larry Fitzgerald, Morgan Stanley's Sandra Richards, CNBC's Frank Holland, Morgan Organizations: NFL

☆ Privacy, market maturity hurdles facing Brazil's CBDC rollout -cenbank official
▼ + stars: | 2023-08-29 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +2 min

Aug 29 (Reuters) - Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil's central bank digital currency (CBDC) is ready for widespread use, the central bank's coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though postponed from an initial planned launch in February. "We need to ensure that the privacy is compatible with the law," he told the Reuters Global Markets Forum. Market maturity is another important issue to solve as the central bank wants businesses to develop new use cases for the technology, Araujo said. The Atlantic Council says 130 countries are in some process of exploring a CBDC, with 21 in the pilot stage.

Persons: Fabio Araujo, Araujo, Lisa Mattackal, Divya Chowdhury, Marcela Ayers, Lincoln Organizations: Machine, Banco Central, Reuters Global Markets, Atlantic Council, Bank for International, Thomson Locations: Brazil, Mexico, Singapore, Bangalore, Mumbai

Read our review Read Our Review A looong arrow, pointing rightThe Best CD RatesTop CD Rates by TermMany of the best CD rates are offered by credit unions right now. Market LeaderAlpena Alcona Area Credit Union (7-month term) paying 7.19% APYTo open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. About the Best CD IssuersAlpena Alcona Area Credit Union 7-Month CDWhy it stands out: Alpena Alcona Area Credit Union has the highest CD rate available right now. Dow Credit Union Simple CDWhy it stands out: Dow Credit Union is a solid choice if you prioritize banking with a credit union. GTE Financial Credit Union Share CertificateWhy it stands out: GTE Financial Credit Union is a good option if you're searching for a 4-year share certificate.

Persons: we've, Alden B, Sallie Mae, Mae, they're, Landry, that’s, that's, Raisin, Mykail James, Roger Ma, it's, Tania Brown, Sophia Acevedo Organizations: Alliance Bank, Western Alliance Bank, Mint, FDIC, Chevron, Market, Credit Union, Union, Alpena Alcona, Dow Credit Union, DCU, NCUA, Dow Inc, Dow Corning Corporation, Employer Group, Dow Credit, Midland Center, Dow Museum of Science & Art, Midland Historical Society, Midland Country Club of Great, Virgin Islands, City National Bank of, Mae Bank, Reading Chevron, State Credit Union, Pelican State Credit Union, ARC Baton Rouge, Parents Association of Northwest Support, Federal Credit Union, Federal Credit, DC, U.S, Capital Historical Society, American Consumer Council, GTE Financial Credit, CUSavers, NCUA Department of Commerce Federal Credit Union, Commerce Federal Credit Union, Department of Commerce Federal Credit Union's, of Commerce Federal Credit Union, Department of Commerce Federal Credit, US Department of Commerce, NOAA, White House Management, Administration, American Consumer, Ponce Bank, Ponce, Credit, Midland Area Community Foundation, Pelican State Credit, Services, Parents, GTE Financial, GTE Financial Credit Union, GTE, of Commerce Federal Credit, Department of Commerce Federal Credit Union, Administration Office, Finance, Federal Reserve, Federal, Limelight, National Bank of America, Technology Credit, Barclays, NASA Federal Credit, Western Alliance, Banks, Citi, PNC Bank, of America, Chase Bank, Charles Schwab Bank, Wells Locations: Alpena Alcona, Michigan, Alpena, Midland , Michigan, Midland Country Club of Great Lakes, Florida, Somoa, Guam, Northern Mariana Islands, Chevron, City National Bank of Florida, NCUA, Louisiana, Rapise, St, Tammany Parish, Alexandria , Virginia, Washington, Washington ,, Maryland, Virgin, Pelican, Ponce

Currently, the Western Alliance Bank High Yield Savings Account is the highest-yield savings account on Raisin. You can earn 5% or more with several savings accounts, including the Milli Savings Account, Betterment Cash Reserve, Newtek Bank High Yield Savings Account, and more. A high-yield savings account is a type of bank account that offers a higher interest rate than a traditional savings account. High-Yield Savings Account BasicsA savings account is an interest-earning bank account. A good high-yield savings account will likely be an account where you can grow your savings without unnecessary hassles."

Persons: you've, you'd, APY, you'll, Raisin, Milli, hasn't, FNBO, Primis, Synchrony, SoFi, Banks, Tania Brown, Roger Ma, Sophia Acevedo, Mykail James, BoujieBudgets.com, that's, it's, we've Organizations: Chevron, FDIC, Reading Chevron, Western Alliance, Mint, Milli, Mobile, National Bank of, Newtek Bank, Newtek, Popular Bank, Primis Bank, Virginia, Synchrony Bank, SoFi Bank, Green, Barclays, Barclays Bank, Member, Apple, Discover Bank, FDIC Discover, Discover, Better Business, Securities and Exchange, SEC, Cash, BBB, Raisin, UFB, Popular, Popular Direct, Google, First National Bank of, Primis, Synchrony, Security and Exchange, Savings, Better, Barclays doesn't, Securities and Exchange Commission, Federal, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Governors, Finance Locations: National Bank of Omaha, Axos, Maryland, First National Bank of Omaha, California, Raisin, Chevron

Here's what you need to know about the impact of collections and how to get them removed from your credit report. As it ages on your credit report, its effect on your credit score will decrease until it falls off entirely. There are a few different — and completely legal — ways you can try to remove it from your credit report to fix your credit score. While paying off a debt in collections will not improve your credit or remove the collections from your credit report, a collections agency can sue you for unpaid debt if it's still within the statute of limitations. A CFPB report on credit reports in 2022 found 175 million total collections tradelines on credit reports, down from 261 million when the report was last updated in 2018.

Persons: it's, there's, John Owens, you've, Markia Brown, Brown, Owens, Rick Eicheldinger, Zarrad, Eicheldinger Organizations: Service, Monterey Financial Services Locations: Wall, Silicon, Chevron

☆ 'Girl math' is all over TikTok, but it 'straight-up does not work,' says self-made millionaire
▼ + stars: | 2023-08-17 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

All over TikTok, "girl math" is being used to justify almost any purchase, from everyday things like $5 coffees to big-ticket items like concert tickets. While everyone's version of girl math is different, it typically involves rationalizing your spending in often illogical ways. Say you buy your daily coffee with cash, rather than your credit card — it's basically free, according to girl math. On TikTok, there are hundreds of videos tagged as "girl math," with some amassing millions of views. "That strategy straight-up does not work because it will catch up with you," Tu tells CNBC Make It.

Persons: it's, Tori Dunlap, Dunlap, Vivian Tu, you'll, I'm Organizations: CNBC

Compare Puerto Rico Federal Credit Union accounts Puerto Rico Federal Credit Union Regular Actions AccountPuerto Rico Federal Credit Union Easy Access Checking AccountPuerto Rico Federal Credit Union Share Certificate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Puerto Rico Federal Credit Union Regular Actions Account Start saving Puerto Rico Federal Credit Union, NCUA insured. Puerto Rico Federal Credit Union FAQsWhere are Puerto Rico Federal Credit Union branches located? How Puerto Rico Federal Credit Union ComparesPuerto Rico Federal Credit Union vs. Caribe Credit UnionCaribe Credit Union is a Hispanic American-led credit union in Puerto Rico. Puerto Rico Federal Credit Union vs. VAPR Federal Credit UnionVAPR Federal Credit Union is a Hispanic American-led credit union in Puerto Rico.

☆ A 31-year-old CPA who has built a 7-figure net worth keeps about $5,000 in cash reserves and invests the rest of his money: 'I try to get rid of my cash ASAP'
▼ + stars: | 2023-07-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

That means having very little money in cash accounts and even foregoing an emergency fund. Brennan Schlagbaum doesn't like to keep much of his net worth in cash accounts. Schlagbaum has the luxury of not needing to keep a lot of money in an emergency fund. "We have the ability to pull that money tax-free at any point in the future," he noted. He doesn't consider it an emergency fund.

Persons: Brennan Schlagbaum, Schlagbaum, Erin didn't, Erin, they're, they've, I've, he's, I'm, Brennan Schlagbaum Schlagbaum Organizations: CPA Locations: Cincinnati, Arlington , Texas

☆ This Is the Best Debit Card for Teens That Doesn’t Charge a Monthly Fee
▼ + stars: | 2023-07-17 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +6 min

Capital One’s debit card, available to kids ages eight and up, charges no monthly service or subscription fees; comes with no minimum balance requirements to open or maintain; and has no overdraft fees. Capital One Money Teen Checking Account Learn MoreWhat does the debit card offer? That’s a small sum, but more than most other free kid’s debit accounts offer. Parents who want to provide more of a guiding hand to their children would do better with a different card that boasts more comprehensive spending controls, such as those offered by our pick for Best Overall Debit Card for Kids, the Greenlight debit card, or our pick for Best Free Debit Card for Younger Kids, the Chase’s First Banking debit card. How we pickedTo pick Buy Side from WSJ’s Best Debit Cards for Kids, we looked at card options available to those under the age of 18, including prepaid debit cards, checking account-linked debit cards, secured credit cards and brokerage account-linked debit cards.

Persons: Kerri Anne Renzulli, they’ll, it’s Organizations: Capital, Teens, Best, Greenlight Locations: That’s

☆ A 31-year-old millionaire who has 7 different types of investment accounts says that his HSA is 'my favorite by far' — and explains how he's using it to build long-term wealth
▼ + stars: | 2023-07-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Of all of his different types of accounts, his favorite is his health savings account (HSA). He and Erin, who own their primary residence in Texas outright, owe $12,000 in property taxes each year, so they send $1,000 a month to a high-yield savings account to cover that expense. High-yield savings accounts, which earn multiple times more than a traditional savings account, typically return between 3.40% APY and 4.25% APY. (That's if you're under 65; after 65, you can use your HSA money to cover any expense without incurring a penalty.) HSA accounts, unlike FSAs (flexible spending accounts, which are another type of account that can help with health care costs) don't have a "use it or lose it" policy.

Persons: Brennan Schlagbaum, Erin, Brennan, Schlagbaum, Erin Schlagbaum, Dravet, It's Locations: IRAs, Texas

☆ I quit my $120K finance job and make more money with YouTube videos. I wish I never drank the corporate America Kool-Aid and chased my own dreams sooner.
▼ + stars: | 2023-07-11 | by ( Aria Yang | ) www.businessinsider.com time to read: +8 min

Vincent Chan left his $120,000 job in finance and became a full-time YouTuber. His biggest advice for people who want to quit is to have a financial safety net before quitting. So I wanted to get a really good job after graduating college, and finance was one of the careers I looked into. I quit my job in finance, and now I make more money by creating contentI work on a couple things now: I primarily focus on content creation. When the time came for me to quit, my parents noticed that I was making a good amount of money from my creative endeavors.

Persons: Vincent Chan, I've, Aria Yang Organizations: Morning, Financial Times, Street Locations: America

☆ Like getting price tracking alerts from your online broker? Here's why you should be careful
▼ + stars: | 2023-06-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

You know all those price tracking alerts you can get from your broker that alert you to changes in price for your favorite stock, mutual fund or ETF, or that alerts you about 52-week highs or lows? The authors, Che-Wei Liu, Yanzhen Chen, Ming-Hui Wen, partnered with one of the largest retail mutual fund investment platforms in Taiwan, which provides a free price tracking alerts tool. Why did the group that utilized the price alerts underperform? Because the price alerts made traders cocky and because a lot of the traders were financially illiterate and didn't understand what they were doing. The SEC is worried too The SEC has expressed concerns over these digital trading platforms, including ones that provide price tracking alerts, which may be encouraging excessive trading.

Persons: Wei Liu, Yanzhen Chen, Ming, Hui Wen, Larry Swedroe Organizations: Strategic Wealth, SEC, Industry Regulatory Authority Locations: Taiwan

☆ Finance is the No. 1 industry Gen Z wants to work in, says new research—more than tech or health care
▼ + stars: | 2023-06-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Recent and soon-to-be college graduates have different visions of the "perfect job": Some want to work in New York, while others might aspire to be their own bosses. But many Gen Zers are dreaming of a career in finance. Close to 10,000 current college students and recent graduates in 13 countries including the U.S., Canada and Mexico were polled for the report. What has set finance apart from its competitors, and made it the career path du jour among Gen Z, is how finance companies have responded to these challenges. As other industries pause hiring, college career advisors and industry professionals say financial firms are upping their recruiting efforts on college campuses to attract Gen Z.

Persons: overhiring, Gen Organizations: Finance, CFA Institute Locations: New York, U.S, Canada, Mexico

☆ Don't believe everything your parents told you about money: 4 common money myths, debunked
▼ + stars: | 2023-06-26 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +4 min

For young professionals new to the workforce — particularly recent college graduates — here are four common money myths that have been passed down through generations, debunked. The idea has likely inhibited women and people of color in particular from being confident about investing, Ransom-Cooper says. The gap has begun to close, though, with 58% of Black Americans investing in 2022, compared with 63% of white Americans. What's more, young professionals do not have to wait until their student loans or other outstanding debt is completely paid off to begin. Investing early and growing your retirement savings, for example, are valuable ways to build wealth outside of the real estate market.

Persons: you've, Chelsea Ransom, Cooper, Ransom, Schwab, Roth, it's Organizations: Zenith Wealth Partners, CNBC, Investor Survey, Roth IRA

If you plan to attend graduate school, it's important to understand the costs up front. As a graduate student, relying on grants, scholarships, and fellowships is better than taking out loans to pay for school. As you gear up for graduate school, it's time to find grants, scholarships, and fellowships to cover the cost. Example comparing school costs with and without grant and scholarship aidPaying for graduate school is often not as simple as finding a single grant to cover the entire cost. Alternative ways to pay for grad schoolGrants and scholarships aren't the only way to pay for school.

Persons: —, Trinity Owen, you'll Organizations: Service, Federal Student Aid, Fulbright, College Board

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