Over 3 million K-12 students were homeschooled in 2021-2022. The reasons for choosing homeschooling vary by family, but usually include a dissatisfaction with the quality of their public school, a difference of opinion in the content taught to children, the questionable safety of public schools and the belief that more individualized lessons will improve learning.
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Credit card balances reached a record high of $1.03 trillion at the end of the second quarter of 2023. According to one survey, 33% of Americans believe it will take more than two years to pay off their credit card debt, which may not be surprising since as many as 14 million Americans have over $10,000 in credit card debt.
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There is no shortage of discussion of the financial challenges faced by retirees. Even many of the psychological challenges get their fair amount of coverage. One critical topic, however, doesn’t—the pressure retirement places on retirees’ marital relationships.
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There are many things for high schoolers to consider as they prepare to graduate, such as how to fund their education. Scholarships can be a significant funding source for your child’s college education. Many tools exist for identifying the sources that may be most relevant to your child’s situation. The real challenge in winning college scholarships, however, may not be in finding those opportunities or the competition for them, but in motivating students to apply for them.
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The question of whether to give children an allowance has vexed parents since the turn of the 20th century. It’s an issue faced by each new generation of parents without any clear, universal answer, yet is an important consideration in financial literacy … even for celebrities and children of wealth.
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