Americans routinely spend 25% to 50% of their paycheck on housing. In fact, USA Today reports that today’s 30-year-olds spend an average of 45% of their total income on rent — higher than any other generation in U.S. history. The average rent for a one-bedroom apartment in San Francisco is $3,261, at last check on RentCafé. It’s…
What is your opinion of America’s elementary and secondary schools? A 2018 Pew Research poll found that improving the nation’s educational system was ranked second on the priorities of the American public, slightly behind defending against terrorism and ahead of strengthening the economy. The angst represented in the poll findings reflects the perception that public…
Landing your first career-track job is cause for celebration. Before you start planning for your first day on the job, take an evening or weekend to revel in your accomplishment. You deserve it. What must come next will not be as fun, but it’s crucial to your long-term financial position. Your first “real” job is…
The recent college admissions scandal is an eye-opening example of how far some families will go to get their children into elite colleges. The FBI investigations are still ongoing, but so far, 50 people have been charged with participating in the scheme. The allegations include cheating on standardized tests and bribing college coaches and athletic…
After a decade of tepid economic growth coupled with soaring college tuition costs, many are concerned about the value of a college education. Undergraduates feel increasingly pressured to choose majors that will lead as directly as possible to well-paying careers, which has fueled parents and policymakers to push students into vocational, business, and STEM (science,…
To say that college costs have skyrocketed is an understatement. After adjusting for inflation, CNBC notes that average tuition for private colleges rose from $15,160 in 1988 to $34,740 in 2018. Both of those figures are in today’s dollars, marking a 129% increase. For public universities, average tuition rose from $3,190 to $9,970 over the…
Most college students have limited experience with credit cards and other forms of credit. Accordingly, their credit histories are often thin or nonexistent. Therefore, the single most important reason for students to apply for credit cards is to build a positive credit history. Students keen on building credit quickly need to look for cards that report…
It’s no big secret that men, as a group, earn more than women. A report from the U.S. Census Bureau shows that in 2016, women working full-time and year-round earned only 80% as much as full-time male workers. The average difference in their yearly incomes added up to a little more than $10,000. This difference is…