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The Federal Employment and Enrollment Report

Every year in October, the Bureau of Labor Statistics gathers information on college enrollment and workforce participation; every April, the “College Enrollment and Work Activity of Recent High School and College Graduates” report, based on that data, is released. This year’s report shows that the pandemic has impacted young Americans’ future planning pretty dramatically. 61.8% of 2021’s high school graduates…

The Power of Compounding

April is Financial Literacy Month so I’m writing about general financial topics this month. Today’s topic: the power of compounding. The power of compounding is what makes long-term savings so beneficial. It’s also what makes debt so costly. As Albert Einstein (yes, that Albert Einstein) said, “Compound interest is the eighth wonder of the world. He who understands it, earns it;…

Pre-Tax or Roth: How do I Choose?

April is Financial Literacy Month, so I’m writing about some general financial literacy topics. Today’s topic: Pre-Tax and Roth retirement savings and how to decide which to use. Saving can be hard. Not just because you have to come up with money to save, but because once you do, you have a bewildering range of choices. So many that a…

The Savings Hierarchy

April is Financial Literacy Month so I’m talking about some general personal finance topics that might be of interest to you and your students. Today I’m writing about the savings hierarchy: What savings accounts should you have, and what goes into each one? The savings hierarchy fits within the overall hierarchy of financial needs. You’ve seen these types of pyramids…

Colleges Still Have Openings!

If you’re still looking for your dream school, head over to NACAC’s College Openings Update. This list of colleges still accepting applications is released annually in early April, and serves as a reminder that plenty of colleges are happy to welcome students rather than rejecting them. The database allows you to search on numerous criteria including location and availability of…

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