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Baird analysts ‘axing expectations’ for MLPs
Fed: Too white, too male, too many bankers?
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Google CEO Pichai gets $199 million bonus
Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

Zenefits CEO steps down, David Sacks steps into role

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367387

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,095 -8 0.38%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.37%
Oil
/quotes/zigman/2260836/delayed 30.18 +0.49 1.65%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.65%
Nikkei 225
/quotes/zigman/5986735/delayed 16,343 -662 3.89%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 115.31 -0.53 0.46%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.03%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.65%
DXY Index
/quotes/zigman/1652083/delayed 96.65 -0.03 0.03%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.63 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.52%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 67.39%
Crude Oil
/quotes/zigman/2260836/delayed 30 +0 1.65%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.37%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,922 -66 0.41%
S&P F
/quotes/zigman/43106711/delayed 1,845 -8 0.40%
Silver
/quotes/zigman/32655632/delayed 15 0 0.20%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Teens Don’t Trust Banks. Is That a Problem?

iStockphoto

American teens may be letting fear shape their financial decisions, a development researchers say could lead to a generation of adults who don’t open bank accounts or save for retirement. We’re not so sure.

High school students are overwhelmingly distrustful of banks, credit card issuers and other financial institutions, according to a survey released Thursday from the University of Arizona’s Take Charge America Institute, which creates financial literacy programs in partnership with non-profit credit counseling firm Take Charge America, and consulting firm The Financial Literacy Group. More than 70% said they believe businesses try to trick young people into spending more than they should, and 60% said they think credit card issuers entice people into taking on more debt than they can handle. A whopping 83% think banks are “mostly interested in getting my money through hidden fees.”

It’s not entirely surprising that teens have developed such attitudes. “If you’re in the teen years where you may first be awakening to the idea of financial concepts, you may have seen a lot of very ugly business during these formative years,” says Ruth Susswein, the deputy director of national priorities for Consumer Action, an advocacy group. The problem, says Dan Iannicola, Jr., chief executive of The Financial Literacy Group, is that the knowledge is secondhand, which coupled with students’ lack of financial know-how may have long-term effects on how they manage money.

“What’s the boundary between a healthy skepticism of those markets and a debilitating cynicism?” asks Michael Staten, the director of the Take Charge America Institute. OK, so teens probably aren’t going to revert to stuffing cash under the mattress, but they might opt for lesser-known — and riskier — banks to avoid those they perceive as fee-hungry, put off saving for retirement or avoid investing altogether. (In the survey, 75% said they think the stock market is “rigged” to favor the bankers.) “We want them to be fact-based, not fear-based,” says Iannicola.

But Iannicola and Staten do say that it’s a little early to judge the full impact of the survey results. The survey was conducted among teens enrolled in a financial literacy course before any material was taught, and those students will be polled again after completion. The questions were also phrased to be a provoking, with students asked to only to agree or disagree — which doesn’t mean they don’t have more nuanced opinions. After all, plenty of adults would also agree that credit cards entice you to spend beyond your means, but that doesn’t stop them from having four, on average.

In fact, having an awareness of all the tricky fees — or even just that financial institutions have their own agenda — could help students make smarter financial choices when it comes to picking a bank account or using credit cards. “I think it makes sense when you’re borrowing money and you’re new to this whole process that you go in with many questions and you get them answered before you take that step,” Susswein says. In 2009, the average college senior graduated with $4,100 in credit card debt, according to lender Sallie Mae. Although recent legislation has limited access to credit for those younger than age 21, and issuers’ ability to market to them on campus, it’s still all too easy for young adults to fall into debt. “If in fact majority of teens have healthy skepticism, then they may be on the right path,” she says.

Comments

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Comments (4 of 4)

View all Comments »
    • i think you are giving this coiiodmtmes permabull and conspiracy theorist too much credit.he’ll get mauled when the cycle shifts. guys like him are always yelling “gold $10,000″ right at the top. Actually, he got out of gold before the top in 1980 and argued that it would be in a 15 year bear market. He got back into the metals in the late 1990s and has been positive since. My problem with him is not about the secular trend. It is because he encourages far too much trading even though he knows that most people are not capable of controlling their emotions.

    • Yeah. Like it’s just the teens who don’t trust banks. Get real. No one who has an iq over 100 trusts banks.

    • Banks and the Ponzi-Scheme laughingly called an “economy” is the problem. That teens see through the Foma and smoke screen of the liars and banksters is a wonderful development…

    • “We want them to be fact-based, not fear-based.”

      Given the economic events of the last three years, I’d say their fears *are* fact-based.

About Pay Dirt

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Baird analysts ‘axing expectations’ for MLPs
Fed: Too white, too male, too many bankers?
Yelp posts earnings early, CFO to step down
Google CEO Pichai gets $199 million bonus
Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

Zenefits CEO steps down, David Sacks steps into role

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367387

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,096 -8 0.38%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.36%
Oil
/quotes/zigman/2260836/delayed 30.18 +0.49 1.65%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.64%
Nikkei 225
/quotes/zigman/5986735/delayed 16,344 -661 3.88%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.12%
Yen
/quotes/zigman/16008150/realtime/sampled 115.32 -0.53 0.46%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.03%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.65%
DXY Index
/quotes/zigman/1652083/delayed 96.65 -0.03 0.03%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.63 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.52%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 67.39%
Crude Oil
/quotes/zigman/2260836/delayed 30 +0 1.65%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.36%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,921 -67 0.42%
S&P F
/quotes/zigman/43106711/delayed 1,844 -8 0.42%
Silver
/quotes/zigman/32655632/delayed 15 0 0.20%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

Today's list of the most-viewed stories from Barron's. More »

  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/126832/composite CHK-33.33%
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  • /quotes/zigman/118681/composite TSLA-8.99%
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Powered by StockTwits
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