Daily Reads 4/12/2019
Advisors reporting that the majority of their clients will benefit from the massive tax reform act has declined by 10 percentage points over the past year—to 69 percent in 2019 from 79 percent in 2018, according to the fifth annual Advisory Authority study commissioned by Nationwide Advisory Solutions, formerly Jefferson National.
Financial Literacy In Education
According to data from Next Gen Personal Finance, less than 16 percent of U.S. students are required to take a personal finance course to graduate high school. So how are we preparing young people to be smart consumers? And why isn’t financial literacy a standard in our schools?
The Current Retirement Dilemma, Lack Of Retirement Preparedness
Almost 60% of working age (21-64) individuals do not have any retirement assets from an employer-sponsored 401(k) type of plan or an IRA or defined benefit pension. And even those who are saving for retirement are not doing it well enough: One estimate of the median account balance is approximately $40,000 for those with retirement savings accounts.
Federal Reserve policy makers last month grappled with “significant uncertainties” and persistently low inflation as they scrapped forecasts for interest-rate hikes in 2019 even while voicing the need to maintain policy flexibility.
Children who spent the most time glued to a screen when they were very young proved most at risk of developing emotional, psychological and physical health problems by the time they became teenagers, researchers at Université de Montréal in Canada have reported in the scientific journal Pediatric Research.