Boomers Teach Kids About Investing Lessons From a 12 Year Old
A Chicago father learns from his 12 year old son who saved 93 dollars to buy more restaurant stock, reminding him of a dollar for dollar pledge. The piece notes boomers guiding youth in money matters, from courses to clubs, and cites Krista Kurth of Potomac Maryland urging regular money talks and early investing responsibility for her sons.
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Krista Kurth
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Kurth
AP Photo Wise Investments
Potomac, Md
William Lippincott
Andrew Yates
Consumer credit climbs in May as deals spur borrowing
The Federal Reserve reports May consumer credit rose by 7.3 billion dollars from April, a 5 percent annual rate, with revolving debt up 3.1 billion and nonrevolving credit up 4.2 billion. Total consumer debt reaches 1.76 trillion.
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Congress sets conditions for Medicare drug bill compromise
Senate Democrats sent a list of dozen conditions to President Bush to back a compromise Medicare prescription drug measure. They demand a guaranteed government benefit in areas with no private plan and reject a House provision promoting just competition. They hint approval of income-based coverage without formal adoption and warn they will oppose any bill failing these terms.
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