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AI News – Personal Finance (5/21/2024)

Title: ‘We don’t get taught personal finance’: Local students push for more education on money matters
Summary: Massachusetts is one of the lucky nine states that don’t make high school students take boring courses in economics or personal finance. But don’t worry, State Representative Ryan Hamilton has a brilliant idea to spice things up. He wants to make a financial literacy class mandatory for all public high school students. Because nothing says fun like learning how to balance a checkbook and avoid credit card debt.

Title: 7 personal financial planning tips new college grads should know
Summary: If you’re a recent college grad, you might be feeling like a fish out of water when it comes to managing your finances. Don’t worry, you’re not alone! Many of your peers have never paid their own rent, balanced a checkbook or created a budget. But fear not, because we’ve got you covered with seven personal finance strategies that will help you get your post-college life off to a good start.

Title: Yieldstreet Review 2024
Summary: Yieldstreet is like a secret club for investors who want to invest in alternative assets. It’s not just for the rich and famous, but also for regular folks like you and me. You can invest in things like real estate, private companies, and even art. But be warned, the minimum investment is a whopping $10,000 to $25,000, so you might need to save up for a while.

Title: I Moved an Hour From the Nearest Sam’s Club. Here’s Why I Kept My Membership Anyway
Summary: Before the move, I could get to Sam’s Club in about 20 minutes. Now, I have to drive about an hour (more with traffic) to reach the nearest store. The vast majority of what we bought from Sam’s club was ordered online and shipped to our door. Or, as my partner would say, we got our groceries delivered by a flying unicorn.

Title: Q1 Earnings Show Lending Platforms’ Digital Path to Financial Wellness
Summary: SoFi, LendingClub, and Block are the ultimate matchmakers for your money. They bring together spending, saving, and lending products and services to create a financial ecosystem that’s as fun as a cross-pollination party. Who knew that your financial wellness could be so much fun?

Title: High School Teams Named Best in America in CEE’s Nationwide Personal Finance Competition
Summary: Maryland, Minnesota, New Jersey, and Georgia are the best teams in the U.S. They showed off their skills in the key building blocks of personal economic success. Almost 15,000 students impressed everyone with their knowledge. Wow, that’s a lot of money! And guess what? 35 states have decided to make personal finance courses mandatory. That’s a smart move, don’t you think?

Title: CD rates today, May 21, 2024 (top rate at 5.15% APY)
Summary: ”’ Hey there, fellow savers! Are you ready to make your money work for you? Well, look no further than CDs! These nifty little savings accounts offer rates that will make your piggy bank dance with joy. Short-term CDs (six to 12 months) are the hottest thing on the market, with rates around 5% to 5.50% APY. Medium-term CDs (one to three years) are also pretty sweet, with rates hovering around these high levels. But wait, there’s more! Longer-term CDs of three or more years tend to offer rates closer to 4%. So, what are you waiting for? Start saving and watch your money grow!”’

Title: People can’t buy cars and houses without a financial identity footprint—but a third of Gen Zers are ‘digital ghosts,’ and too shy to begin banking
Summary: A new survey revealed that 35% of Gen Zers are living in the dark ages of digital finance. They have no online presence, no credit score, no bank account, and no clue how to manage their money. This is a problem, because according to the survey, they need to have a digital financial footprint to get a job, rent an apartment, or buy a car. So, how do they catch up with the rest of the world? They need to learn how to use the internet, open a bank account, and start saving. But don’t worry, they have plenty of time. After all, they are the future, right?

Title: Grow Your Wedding Savings Faster With These Accounts
Summary: Planning a wedding in 2024? You might as well start saving for a down payment on a mansion! According to a recent survey, 89% of couples start planning their wedding before the proposal. And if you want to make your savings grow faster, consider opening a high-yield savings account. It’s like a magic money tree that gives you more money for free!

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