When administrators, parents, and professors discuss money in the context of higher ed, they mean student loans and tuition. But when students talk money, it’s much more about who’s got it and who doesn’t. For students of modest means at America’s elite colleges, money acts as a barrier to extracurricular or social activities, or even […]
finance
Posted inNonfiction, Quotes
The Big Problem with Financial Journalism
One great problem with financial journalism, especially in the decades leading up to the crash, has been that it’s often written in an argot understandable only to the already highly financially literate. Andrew Ross Sorkin doesn’t usually employ such specialized language. This has led to the mistaken belief that he’s explaining the industry to regular […]
Posted inNonfiction, Quotes
The Growth of Financial Services in the U.S.
“The financial services sector as a whole accounts for more than 20 percent of US GDP, and this share has grown by around 10 percentage points since the 1970s. Additional expansion has taken place in the business services sector, encompassing law and accounting firms and other outgrowths of a financialized economy. Overall, it seems reasonable […]
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Two Emmys and $57,000 in Debt
‘They don’t teach us about money in high school.’ Today’s video pick is Modern Comedian’s short documentary on comedian Sara Schaefer, who fell deep into debt even while she was pursuing her dream career and earning two Emmys as a writer for Jimmy Fallon. (Schaefer now co-hosts the MTV series Nikki & Sara LIVE, which […]