Monday, September 22, 2014

Social Capital vs. Financial Capital

Social Capital vs. Financial Capital
Today I'm on the roundtable of the Stacking Benjamins podcast, along with Len PenzoGreg McFarlane, and Joe Saul-Sehy. We're talking about retirement, ownership trends of certain assets, and when you might be saving too much. It is my very first podcast and, go figure, immediately after having me on the show, Stacking Benjamins won the Plutus Award for "Best Podcast". Coincidence? 

If you have an hour to burn, click here to give it a listen. And if you just want to skip to the roundtable, you can fast forward to 11:15. And...back to the blog.

Sunday, September 7, 2014

Convenient Narratives

Last month I wrote about an NPR podcast that outlined how the real cost of education is not rising all that dramatically. In inflation adjusted dollars, the amount may be going down slightly. This is not the narrative we hear when we turn on the television or radio. We hear about skyrocketing tuition and fees that the average American family simply cannot keep up with. The truth is trickier than that. But I suspect that we're more comfortable hearing news stories and statistics that confirm what we already think: confirmation bias at work.