Financial resources are essential in order to live longer and better lives. Despite recovery in jobs, stock and real estate markets since the Great Recession, more Americans in the 21st century are struggling to achieve financial security. With longer life expectancies come more opportunities, but also more risks. As people add more years to their retirement, there is inadequate time to amass income and savings for a longer retirement. In the words of Stanford University Professor of Economics John Shoven, “Few workers can fund a 30-year retirement with a 40-year career.” This added pressure on finances makes it all the more critical that we maximize earnings, invest wisely and protect our assets from catastrophic events. The financial security index shown below summarizes nine metrics characterizing three key paths to financial well-being: healthy cash flow, asset investments and protection.
Explore the data on home ownership in the US. Learn more
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http://longevity.stanford.edu/wp-content/uploads/2017/03/studentFinanceThumb.png200360jessrothhttp://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.pngjessroth2017-03-19 16:41:382017-03-29 18:58:09Should College Students Be Required to Take a Course in Personal Finance?