It's an increasingly complex world, and young people transitioning from high school to college and into the working world are faced with momentous decisions related to their personal finances. A solid start is essential, for errors made early on can hang around their necks like an albatross long after graduation.
Some readers are old enough to recall sitting in endless lines at the gas station during the 1973-74 OPEC oil embargo.
Innovation in financial products is generally a good thing, reducing costs and increasing choices for investors.
"You're going to have such great health care, at a tiny fraction of the cost - and it's going to be so easy." - Donald Trump, 2016
Some financial counselors will understandably insist that young adults eschew the use of credit.
The average American worker has less than $25,000 in retirement savings, and over a quarter of us have nothing: no IRA, no 401(k), no pension.
Last week, the U.S. government breached the federal debt ceiling, the statutory limit on the amount of borrowing allowed the U.S. Treasury to finance previously authorized financial commitments of the Congress and the President.
It is well known that Americans are not saving enough money for retirement in their employer-sponsored plans.
Bank of America received attention last month for announcing the rollout of fully automated bank branches. Three pilot locations will open this year, each about one-quarter the size of a traditional branch but with no one home. Think of a row of ATMs plus a couple of cubicles at which you can chat with a person via webcam.
Talk to an investor with more than 20 years of experience and you may hear tales of the good old days when Wal-Mart regularly split its stock like clockwork.
