Dan Kadlec’s column this week on the end of the “myRA” retirement opportunity got me thinking. Kadlec suggests that the demise of the program is likely due to a lack of financial education. I agree – but I think there is more to it than that. I suspect this is human nature at play. Think about how hard it is to get people to enroll in their 401(k) with a match and invested in real growth options.
This post first appeared on RightAboutMoney.com
In recent decades, more education has meant higher salaries. But will that be the case going forward? Part of any financial literacy course in high school should look at student debt in relation to the earning power of a chosen field of study.
This is especially true of graduate school, where loans can really pile up. On the surface, the math looks fantastic. Over their lifetime, those who earn a graduate degree, on average, earn $400,000 more than those with no more than an undergraduate degree, according to researchers Anthony P. Carnevale, Stephen J. Rose and Ban Cheah at Georgetown University Center on Education and the Workforce.
Here’s the fourth of ten tips for making this a more relaxed and enjoyable holiday gift-giving season this year.
Gift-giving tip #4: Be generous. From our Money Savvy friends in Japan – the true meaning of donate…really means invest!