Financial Literacy Month

• This story from Hawaii explains how parents are using apps to teach their kids about money when schools don’t. (KITV)
• This Atlanta Fed article highlights research that concludes children form money habits by the age of seven and describes a few resources that can be used with younger kids.

Economics

• First quarter GDP figures came out at 6.4%, leaving the economy just 1% below it’s pre-pandemic high. (AP) (NYT-graph below from this article)

• Here is more analysis about the recovery and how uneven it is across sectors from Neil Irwin, and another graph. (NYT-Upshot)

• Personal income rose by a record 21.1% in first quarter. Read about it as well as consumer spending. (FOX)
• The Federal Open Market Committee met this week. (Yahoo Finance)
• Last week’s new unemployment claims remained lower. (Yahoo Finance)
• With all the talk about inflation, here is an article on which prices are rising and why. (Forbes)
• OxFam estimates the economic impact on women worldwide. It’s a big number. (CNN)
• The new child tax credit adds more fuel to the debate over which mothers should work. (NYT-Upshot)
• An experimental program in Oklahoma gives college savings accounts to children at birth, and it makes a big difference. (NYT)

Investing

• MarketWatch discusses an anticipated sell-off if the capital gains tax is increased.
• Here is an interesting look at the best stock market performance during the first 100 days of a Presidency. (Yahoo Finance)

Wealth

• NPR: Planet Money looks at wealth by generation, and millennials are suffering.

Banking

• Mobile bank Current raises capital. Read about how it has grown its predominantly young based of users. (TechCrunch)

Higher Ed

• Study finds that 20% of applicants are on waiting lists this year. (Inside Higher Ed)
• Here is a video from the Wall Street Journal entitled “How Public Universities Became So Expensive.”

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.