Category Archives: Personal Finance In The News

Detroit, Pensions, and Retirement Planning

In Chapter 16 of Personal Finance, Turning Money into Wealth, retirement planning is discussed.  In that chapter we discuss defined benefit retirement plans.  To say the least they are great, but problems arise if they aren’t fully funded.  On July … Continue reading

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Personal Finance Update: Tax Changes 2013

Now that we’ve made it though the “cliff” and the “Mayan end of the world” scares, let’s take a look at what’s happened to taxes – and it’s been a lot. The payroll tax reduction has ended, new Medicare surtaxes … Continue reading

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Personal Finance in the News – A Depressing Look at the Job Market for New Grads

As you saw in Table 1.2 in Chapter 1 of Personal Finance, Turning Money into Wealth, your college major goes a long way toward determining your salary, but perhaps even more important, not only does it help determine your salary, … Continue reading

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Personal Finance In the News: Affordable Care Act Upheld

Chapter 9 of the 6th edition of Personal Finance, Turning Money into Wealth, discussed the fact that more than two dozen states had joined in a lawsuit stating that the healthcare law was unconstitutional.  On June 28, 2012 the Supreme … Continue reading

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Video and Class Discussion: The Fed and the Economy – from Ben Bernanke

Teaching Tip:  These are one-hour lectures and could be shown in class with class discussion following them. When it comes to lectures, this one might not sound that exciting – “Reflections on the Federal Reserve and Its Place in Today’s … Continue reading

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Finance in the News: A Look at the Principal Financial Well-Being Index

Every quarter the Principal Financial Group has Harris Interactive conduct a survey of the financial well-being of adults working at small and mid-sized U.S. businesses.  So, how do Americans feel about their financial well-being?  The answer can be found in … Continue reading

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Personal Finance in the News, Class Discussion, or Assignment: Who do you believe in the current political debate over who pays what in taxes?

Teaching Tip:  This discussion can be developed based upon an out of class assignment (your students prepare to answer the discussion questions before class), or if you have access to the internet in class and can project it so that … Continue reading

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Class Discussion or Written Assignment: The Rising Age Gap in Financial Well-Being, Part 1

Principle 10: Just Do It!, introduced in Chapter 1, talks about the importance of not procrastinating – of getting started saving when you’re young and building up your wealth.  Unfortunately, that’s much easier said than done, and as a recent … Continue reading

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Class Discussion: The 1% and the Income Gap

Lately, if you’ve been watching the news coverage of the Occupy Wall Street movement or listening to the political debate, there has been quite a bit of talk about the income gap between those in the top 1%  and the … Continue reading

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Finance in the News: The Debit Card User Fee, Part 3 – Bank of America Backs Down

Teaching Tip:  There’s an excellent All Things Considered podcast from NPR titled “BofA Cancels Plans for Debit Card Fee” that you can assign before class. After the other banks didn’t join in and in response to consumer outrage and threats … Continue reading

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