Every year there are numerous heat waves that hit all parts of the country. Sometimes there is extreme heat in the more traditional northern states or cities as well, such as New York, Boston, Philadelphia, Seattle, etc. No matter where you live, anytime the temperature hits 90 or higher or the humidity picks up, be sure to check in with any vulnerable neighborhoods.
We have written about financial knowledge (or shall we say the lack of it) and another data point shows how much it is lacking. Even college students are struggling to get most basic financial questions correct. In fact it is so bad that only about 1% of students answered 6 basic questions correctly per a 2019 study from Education Technology Online Courses and Training (EVERFI) as well as AIG. The questions are below. The results of the survey of 25,000 students was as follows. Over 10% got them all wrong. …
While the US economy is very strong, with a record low unemployment rate, increasing incomes, and more available jobs than people to work them, it is unfortunate that consumer debt is at a record high, even above the level prior to the 2008 financial crisis. It has been steadily increasing for the last several years. This debt level is one bad data point in the otherwise strong economy. As we have reported on, when the job market and economy are at record levels of strength, as they are today, people …