Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year.

Ten Year anniversary of Lehman failure

• What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons.
• The WSJ looks back at how the Great Recession changed our relationship with risk.
• This WSJ/The Outlook discusses if the Fed has new tools to deal with fine-tuning the economy at this juncture and avoid the next crisis?
• Has your 401k/403b recovered? Michelle Singletary’s WAPO column looks back at the Lehman failure, what followed, and what you might want to consider going forward.

Paying for college

• The student debt and growing default rates is a real issue. This NYT article has lots of good graphics that tell the story.
• A survey from OneAmerica (retirement plan) suggests that student loan repayment is having a major impact on retirement savings.
• Here is an excellent Q&A on Financial Aid from the WSJ: "How To Get The Most Financial Aid For College."
• The good news: FAFSA will get easier to fill with a new smart phone app. The bad news: it still has around 100 questions.  (MarketWatch)
• The Fidelity 2018 College Savings Indicator Study has been released and suggests one third of parents expect their kids to save at least $10,000 to help pay for college.

Reactions to the NYT FIRE article from last week

• Here is the Bloomberg reaction: do the math first.
• And Cullen Roche of Pragmatic Capitalism (www.pragcap.com) offers his assessment.

Fraud

• AARP Fraud Watch Network serves people of all ages. Here are the results of their recent survey of digital identity risk and their recommendations.
• If you are interested in where we stand one year after the Equifax breach, this article has some data and a link to the full study from the Identity Theft Resource Center.
• What teens need to know about cybersecurity – from The Conversation.

Financial Literacy

• A report issued this week from the TIAA Institute and GFLEC got some press. One key finding is that millennials high utilization of FinTech does not mean they are financially literate.
• The Chicago Tribune brings us this article on the Academy Group in Chicago, which addresses the need for FinLit among underserved students of color.
• Fatherly.com discusses the current situation of school-based financial literacy education and suggestions for how parents can advocate for more of it.

About the Author