Updates
Updates
Using Gambling to Entice Low-Income Families to Save
While building up savings offers the best route out of poverty, the glamourless grind of socking away a dollar here and there has a tough time competing with the heady fantasy of a Mega Millions jackpot. But instead of attacking [...]
CFPB Publishes Report to Promote Financial Wellness in the Workplace
Today the Consumer Financial Protection Bureau (CFPB) published a report to promote financial wellness in the workplace. The report contains case studies that are designed to educate employers about practices that can improve employees’ financial health and increase worker productivity. [...]
In California, a New Law Helps Low-Income Borrowers Build Credit
California has enacted a a law that lets nonprofit organizations targeting low-income borrowers lend as much as $2,500 interest free without a license. The law will allow more Californians to skip more risky payday loans and create the track record they [...]
Payday Lenders – The Sharks We Can Live Without
"For all the hype about shark attacks," says the Discovery Channel, "sharks really aren't out to get us." Oceangoing sharks, they mean. On land, corporate loansharks are doing their best to uphold the grisly reputation of the species. Their modus [...]
Personal Finance Worries Continue to Plague U.S. Workers, Creating Concerns for Employers
- 70 Percent of Human Resource Professionals say Workers' Personal Financial Challenges are Impacting Job Performance and Company Productivity - Employer-provided Financial Education Programs Seen as Helpful but Cost Can Be a Problem Concerns and stress about personal finances are [...]
Among the Poor, Women Feel Inequality More Deeply
The attention paid to income and wealth inequality spurred by the French economist Thomas Piketty’s best-selling opus, “Capital in the Twenty-First Century,” comes with a caveat from some of its fans: What about women? The question may seem odd given [...]
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