A lot has been written about the cost of a college degree. Tuition costs keep rising, despite a more general plateau in wages for most American workers. The spread between costs and earnings has become so dramatic that debt resulting from school loans has ballooned to become larger even than mortgage debt. So how long… Read More
The Moody’s Foundation Supports W!se Programs at High School of Economics & Finance
NEW YORK, N.Y. – Working in Support of Education (W!se) is excited to announce that The Moody’s Foundation has provided a generous grant to support W!se programs at the Title I High School of Economics & Finance (HSEF) in lower Manhattan. The grant will support the W!se Institute, the Moody’s Summer Experience and the Moody’s Research Center… Read More
TRADITIONAL BANKING IS FOR THE RICH (AS REPORTED BY GILLIAN B. WHITE ON WWW.THEATLANTIC.COM)
Often, when we hear about the problems of access in today’s banking system, we are hearing about developing nations, rural lands without proper infrastructure and technology to support modern banking. But we ignore the fact that for many Americans, the changes in the banking system have been enough to leave them out in the cold… Read More
DEBT COLLECTION EFFORTS SOMETIMES BREAK THE LAW (AS REPORTED BY KELLI B. GRANT ON WWW.CNBC.COM)
Many Americans at one point or another will go into debt. It’s a slippery slope and some are unable to dig themselves out of debt quickly enough to avoid the eventual harassing calls from debt collectors. In fact, as many as one third of all consumers have received one of these calls in the last twelve… Read More
MAKING MONEY HABITS STICK (AS REPORTED BY JULIA CHANG ON WWW.LEARNVEST.COM)
We all know we can do more to improve our finances. There are new habits we can implement. The hard part is not in identifying what to do, it’s in sticking with those new habits so that they will have the kind of positive impact they are meant to. There are several ways that you… Read More
Assemblywoman Nily Rozic to Keynote w!se Breakfast Club
NEW YORK, N.Y. – On Friday, February 24, 2017, Working in Support of Education (w!se) will host its annual Breakfast Club to honor w!se volunteers. The event will take place at Deutsche Bank, 60 Wall Street, from 7:45 am – 9:30 am. Queens Assemblywoman Nily Rozic, a w!se Quality of Life INNOVATIONS alumna, will deliver… Read More
HOW MUCH MONEY DO YOU NEED TO RETIRE? (AS REPORTED BY WALTER UPDEGRAVE ON MONEY.CNN.COM)
Too many of us don’t know exactly how much money we will need in order to retire worry-free. Chances are, even after you retire you won’t be sure you have enough. Here’s a simple way to tell. Create a realistic budget based on what you are spending now. Then start to make modifications based on… Read More
PENSIONS TO 401K PLANS (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)
In the past, a majority of employees were able to earn a pension from their employers. More Americans would spend the majority of their careers in one industry, with one company. And when they retired, the pension would pay out in retirement, the amount based on the amount they earned during their careers. For the… Read More
Expenses Drop in Retirement (as reported by www.freemoneyfinance.com)
As one gets closer to retirement, it can be a little scary trying to figure out how to pay for all of life’s expenses without an income for the first time in your life. But do remember that there are a number of expenses that will go down dramatically, or disappear completely, in retirement. For… Read More
Rethinking Stocks for Your Retirement (as reported by Walter Updegrave on money.cnn.com)
Warren Buffett, one of the world’s most widely respected investors, recommends that those saving for retirement invest 90% of their nest egg in stocks and 10% in short term government bonds. But depending on your tolerance for risk, and how close you are to retirement age, that may be a little too risky for most… Read More