Thursday

Almost half of parents raid their kids' college savings accounts

 

45% half of parents raid their kids' college saving

Nearly half of parents with college savings for their children have withdrawn some of the balance in the past two years, according to new data from T. Rowe Price, which surveyed 1,086 parents with children ages 8 to 14. Of the 282 who had taken money from their child's college savings, just 18 percent used at least some of the funds to pay for their kids' education — and only 3 percent used the money solely for education.  

Full article at cnbc

Monday

Delayed financial gratification

 

Delayed financial gratification

"People who put less emphasis on the future might make decisions in and before retirement that expose them and their families to greater risks, the authors concluded."

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Tuesday

Labor force participation rate rising for those over 65

 

Labor force participation rate rising for those over 65

A rising share of Americans is holding jobs into their golden years, bucking the overall trend of people leaving the labor force that is concerning Federal Reserve policy makers trying to boost growth. As the elderly continue to work, their paychecks are fueling spending and contributing to the U.S. economic expansion.

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Saturday