Dan Kadlec

Weak Financial Literacy Scores Threaten a Global Education Movement

business.time.com — The global movement to teach kids about money in school has produced little hard evidence that the effort is paying off. That doesn't mean it's all been a waste of time, or that we'll never get the results we want. But it certainly gives doubters ammunition.

Private Colleges' Financial Aid Packages To Students Higher Than Ever: Study

huffingtonpost.com — Fewer students are paying the full sticker price at private nonprofit colleges than ever before, with the average freshman getting half of his or her tuition and fees covered by the school, according to a new study released Monday by the National Association of College and University Business Officers.

Class of 2013 Has $35,200 in Debts, a Drag on Economy

business.time.com — The typical college graduate will leave campus this month owing nearly as much money as they stand to earn in their first year of full-time employment, new research shows. At a personal level, graduates toting up their private and government student loans, credit card balances, and personal debt will find the sum shocking.

How ‘Chained’ CPI for Social Security Calculations Robs Retirees

business.time.com — Financially speaking, we keep asking more of retirees. First, we ask folks who have saved for a lifetime to live on less while banks and indebted consumers use low interest rates to heal. Then we ask them to endure another whack at Social Security benefits while the government tries to rein in spending.

How Much Allowance Should You Pay Your Teenager?

blog.famzoo.com — I bumped into an old friend this week at Starbucks, and he hit me with one of the all-time classic teen parenting questions: Bill, how much allowance should I give my teenage son? The short unhelpful answer: " it depends " - of course. A longer, more helpful response?

The New Retirement: Forget Being Rich, All We Want Is Peace of Mind

business.time.com — We may never tire of discussing lessons from the Great Recession, which hit two groups especially hard: Teens who saw parents lose a home or job, and boomers who saw their savings depleted at precisely the wrong moment in life. The kids' scars are mostly emotional.

BlackRock’s Fink: Put it All in Stocks

business.time.com — Laurence Fink is in the business of taking measured risks. That's what investing is all about and, well, he happens to be the CEO the world's largest investment firm: BlackRock, which has $4 trillion under management.

Mandatory Savings Accounts Are Coming Your Way

business.time.com — The retirement savings crisis in America has brought us to this point: It's a near certainty that mandatory savings accounts are in the future of anyone with a full- or part-time job. The world's largest investment firm BlackRock, with $4 trillion under management and a lot of weight to throw around, is the latest to sound the call.