Investing

• “The Mystery of the $113 million Deli” provides insight into the mechanics of SPACs while resolving this mystery. (NYT-Sunday)
• Here is the CNBC article on adding I-Bonds to your portfolio (following one from the Wall Street Journal in last week’s list.)
• Inflation figures haven’t spooked the market as the S&P 500 hit a new record yesterday. (CNBC)
• Have you heard of the banking app “Dave?” It is backed by Mark Cuban and will go public via a SPAC. (CNBC)

Economics

• CPI jumps again in May (5% year-over-year), and we see the sixth consecutive week of falling jobless claims. (Reuters)
• A Wealth of Common Sense discusses why interest rates may remain low for some time, despite potential inflation.
• U.S. job openings hit a new record high in April, as more people voluntarily quit their jobs. Look at the breakdown of the labor supply issue. (Reuters)
• U.S. trade deficit narrowed in April. (MarketWatch)
• Is the housing market craziness beginning to slow down? (Money)

Paying for College

• Beware of the Parent Plus loan trap. (NYT)

Taxes

• This ProPublica article got lots of play in the press and on social media this week, unveiling how little the wealthiest Americans actually pay in taxes.

Employment

With job openings at an all time high, seems like now would be a great time to look for a job, and the best summer job outlook for teens in awhile!

• The NYT advises teens on nailing that summer job.
• Try a Kroger near you. They staged an event in an attempt to hire 10,000 workers on Thursday. (CNBC)
• This FRED blog looks at teenagers’ labor force participation.
• With labor shortages, workers are gaining leverage and wages are rising. (NYT) (Business Insider)

Advocacy

• Congratulations Rhode Island! Governor McKee signed into law yesterday the Financial Literacy Education bill making personal finance a graduation requirement. (Pawtucket Patch)

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.