, Columnist
Five Financial Tips for Incoming College Students
Responsibility is less about skipping oat milk lattes and more about tracking spending.
Are you ready?
Photographer: David Odisho/Bloomberg
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I’ve been teaching an undergraduate class for almost 20 years called “The Economics of Desire.” I always thought “desire” in the title was the attraction, but it turns out “economics” is the draw.
In some ways, today’s students are more financially savvy than their predecessors — they score higher on financial literacy tests, are more likely to be invested in stocks and crypto, and some may even have taken high school money-management courses. Yet they still struggle to explain how markets work and are entering adulthood in an uncertain economy with rising prices everywhere they look.