Sunday, December 01, 2013

Notes from the December Issue of Money Magazine

A few interesting notes from the December issue of Money Magazine.

The editor's column suggests an alternate way of managing the lottery:

"Enter the prize-linked savings account.  The idea:  You place money with a private of government institution,and in exchange for a slightly lower interest rate, you're entered into a lottery that could make you a lot.  You get the entertainment value of dreaming about a big score while still saving." (p. 11)

Sounds like a great idea to me.

the first student loan ombudsman at the federal Consumer Financial Protection Bureau, Rohit Chopra, is a Wharton grad (p. 80).

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