Long-ago miscalculations by insurers have led to policyholders’ facing steep premium increases. But there are ways to keep costs down. Source: NYT > Business – Tara Siegel Bernard
Give Your Teenager a Credit Card? Some Financial Experts Say Yes
Parents should monitor spending and explain how to pay the bill on time. A financial planner says teenagers should get a card. “We live in a credit-driven society.” Source: NYT > Business – Ann Carrns
‘Take It Like a Gift’: Chase Erases Canadian Credit Card Debts
JPMorgan Chase made the unusual choice to forgive customers’ balances as it exits the credit card business in Canada. Source: NYT > Business – Stacy Cowley
To Graduate, File a Fafsa, More High School Seniors Are Told
More states are requiring it, and students who complete the form are more likely to attend college — especial low-income pupils, says a group that promotes college education. Source: NYT > Business – Ann Carrns
Colleges Are Cutting Tuition, but You May Not Pay Less
Few students actually paid the published cost. Colleges worried that they would be bypassed if families looked just at the sticker price. Source: NYT > Business – Tara Siegel Bernard
4 Reasons Parents Don’t Discuss Money (and Why They Should)
Families are often reticent to talk about wealth and inheritance with their children, but experts say that can create confusion and insecurity. Source: NYT > Business – Paul Sullivan