Is College a Scam?

The media has been slowly drawing attention to the problems with our system of colleges and universities, and the question of whether students are being educated or scammed. Here's a video from the National Inflation Association that does a good job of spelling out just what's going on in both higher education and our government. You might not agree with all of it but it will give you a lot of food for thought.

Real Wages Are Down

So we're off to a shaky start in 2011, with real wages down .5% last month. Actual wages remained the same, but thanks to inflation, higher consumer costs resulted in a decrease in real wages.

Two reminders here: wages are not increasing as they once were, and inflation is making it harder for people to stretch their dollars. This is why it's so important that we raise kids with money smarts. It's a life skill that's becoming more necessary all the time.