Personal Finance

• Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic)
• Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT)
• Financial scammers play on your emotions, among other things. (The Economist)

Retirement

• A few months ago, there was much buzz about the FIRE movement. Michelle Singletary exposes the myths about the movement. (WAPO)
• Yes, it is a great idea to start a Roth IRA for your kid….but there are some rules. (CNBC)

Economics

• This month’s job’s report – fewer jobs added than expected, but unemployment holds at 3.7%. (NYT)
• Will this weaker job market change the Fed’s plans for rate increases? (CNBC)
• The stock market dropped over 3% this week, even with a day off to mourn the passing of #41 (CNBC)
• Here is some practical advice for riding out the stock market turmoil. (USA Today)
• Visual Capitalist brings us a detailed look at income by age in the US.

Technology

• This one will make you think twice about your VENMO account. (WSJ)
• Here is an objective look at Facebook and how it uses your personal info. (Recode)
• Can you make it through college without a smart phone? Sara Goldrick-Rab suggests they are a necessity and the debate started. (Inside Higher Ed)

That is what you call a bad day in the market; good day to own utilities (from FinViz):

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