In this era of home foreclosures and high unemployment, it's hard to sympathize with the professional athlete laid low by the high life. It seems almost impossible that an athlete making $5 million, $10 million, or, in the case of Derrick Coleman, $90 million over a career could lose all his money.
Morning Edition asked me to do a story about how technology has shaped generational shifts in financial literacy. I didn't want to do it, for reasons that will become clear shortly. But first, let's take the case of Sarah Marczynski and her father, Robert.
Part of a series on young people and financial literacyFor many high school and college seniors, graduation is a time of new beginnings and harsh realities. Their thoughts are turning to money — for tuition, rent, and credit card bills.
Part of a series on young people and financial literacyThe amount of money Americans owe on student loans recently exceeded the nation's credit card debt. That may lead many to ask: Is it smart to borrow a lot of money to go to college?
The young people set to graduate this spring will soon be facing adult financial responsibilities, like earning paychecks, paying bills and managing their debts.But many of these graduates already have advanced degrees from the School of Hard Knocks.