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Money stress? Check your financial literacy.
Comment on this storyComment You are reading our weekly Well+Being newsletter. Sign up here to get it delivered to your inbox every Thursday. Few topics are as stressful as money, and there’s nothing like tax season to amplify financial anxiety. The problem with money stress is that it creates a negative cycle. Research suggests that people who are anxious about money are less likely to plan for retirement, which in turn can increase anxiety about their financial future. About 41 percent of U.S. adults reported feeling both anxiety and stress when thinking about or discussing their personal finances, according to data from the 2018 Finra National Financial Capability Study. The…
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The world of finance faces an ethics check
Fantastic early morning, Peter Vanham in this article in Geneva, filling in for Alan. Seen from the German-speaking globe, it is tricky to be upbeat about the condition of the planet of finance these days. (I’ll go away the analysis of the condition of U.S. democracy and justice to all those of you targeted on decrease Manhattan.) In Zurich, yesterday, shareholders of Credit rating Suisse gave the company’s outgoing board an indignant wave-off, at the bank’s final ever once-a-year meeting. I dialed in from Geneva, and listened to that quite much almost everything and everybody was blamed for the bank’s demise: greed of bankers, mismanagement of management, a absence of oversight by…
