Economics

Weekly jobless claims fall to their lowest level in over 50 years! (Yahoo Finance)

NPR offers a “what you should know” about the Fed interest rate hike. 

The stock market had a rocky start this week after Powell said that “inflation was much too high.” (CNBC)

The war in Ukraine threatens the world’s wheat supply, but farmers elsewhere aren’t jumping in to potentially fill some of the gap.  AP News

The war is further threatening the world’s food supply by driving fertilizer supplies down and prices up. (Seeking Alpha)

The WSJ (subscription may be required) breaks down recent pay increases for people changing jobs during the pandemic and found that women reaped significant gains:

“Women who switch jobs are also reaping big pay increases. About 31% of women who changed jobs during the pandemic got a compensation package—including salary and bonus—that was more than 30% higher than in their previous role.”

Crypto

If you have not been able to take the NGPF Crypto certification class yet, try to get access to this comprehensive crypto tutorial from the New York Times. (subscription my be necessary)

Credit

Understand why it is not a good thing that so many low income people do not have access to credit cards. (Motley Fool) (For a link to Fed Study quoted in the article.)

Here is more on the changes coming to reporting medical debt in credit report. (MarketWatch)

Student Loans

Last week forgiveness made the news.  This week, it is another potential extension in repayments. (NPR) 

Higher Ed

Inside Higher Ed published interesting results of a survey of college students on how the pandemic impacted their school choice.

Budget

Food banks are seeing an increase in demand as pandemic assistance falls away. (Washington Post – subscription may be required)

Financial issues are the driving reason behind a four-fold increase in the number of adults living in multi-generational homes in the US. (Pew Research)

Taxes

I spotted this Yahoo Finance article with guidance to free tax filing: where to go and what the requirements are.

Philanthropy

MacKenzie Scott continues to donate record amounts of her wealth. (The Guardian)

Just for Fun

Speaking of billionaires, here is a breakdown of billionaires by generation and industry from Visual Capitalist.

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.