September 4, 2012
The age of majority in Maryland is 21. That's when childhood and adolescence officially end. But just because a young person reaches that age doesn't mean he or she is prepared to undertake all the responsibilities of adulthood. And the difficulties faced by youths venturing out into the world for the first time are only compounded when they have grown up in foster care without a family to call their own. Few young people are really prepared to make their way independently at that age, even if they have been lucky enough to have loving parents, a stable home, a fine education and opportunities to participate in sports, social events and other activities.
August 26, 2012
Baltimore police arrested five people last week accused of impersonating city tax collectors and going to the homes of elderly residents to rob them. These are disturbing allegations. But apparently, scam artists who pretend to have ties to the government so they can take advantage of older consumers aren't all that rare. That's what senior advocates are telling the Consumer Financial Protection Bureau, the federal agency with a mandate to promote financial literacy among those 62 and older and protect them from fraud and abuse.
April 26, 2012
Alas, sisters, a study by the FINRA Investor Education Foundation finds that men are better users of credit cards. The survey, which polled about 500 people in each state and D.C., found that Maryland men are less likely to carry a balance, pay only the minimum or owe late or over-the-limit fees than women here. For example, 55 percent of women polled in the state carried a balance on their cards, compared with 47 percent of men. Thirty-four percent of men paid the minimum due; compared with 41 percent of women.
March 29, 2012
Central Library 10375 Little Patuxent Pkwy., Columbia. 410-313-7800. •All Together Now. Saturdays, 10:15 and 11:30 a.m. All ages; 30 minutes. •Book Boosters. Wed., April 4, 7 p.m. Discuss latest reads and hear suggestions from fellow book lovers. •Eclectic Evenings. Second Tuesdays, 7 p.m. •English Conversation Club. Mondays, 10 a.m.; and Thursdays, 7:30 p.m. Practice speaking and understanding English in a group setting.
January 26, 2012
Thanks for your insightful front-page story on the increasing homelessness among Maryland youths ("Homeless student numbers growing," Jan. 22). Your story sheds light on a largely unseen, deeply troubling problem of which we are keenly aware. Of as great concern as what homeless youth experience during the winter months is what they endure during the long, hot summer days when school is out. Shelters typically are closed between dawn and dusk during this season, and these vulnerable young people are often left to fend for themselves.
January 13, 2012
The conventional wisdom is that allowances make children responsible money managers as they learn to budget so they don't run out of cash. But Lewis Mandell, professor emeritus of finance and former dean of business at the State University of New York in Buffalo, says that's not always the case. In fact, says Mandell, who has studied financial literacy, certain allowances may even be hurting kids. According to Mandell, high school students who didn't get an allowance performed better on a financial literacy test than those who did, especially teens who received stipends with no strings attached.