personal finance

Google’s decision this week to ban payday loan ads should be commended, but also highlights the need that many lower-income consumers have for affordable short-term loan options, says an expert on social and economic development at Washington University in St. Louis.

State-sponsored college savings plans, often called 529 plans, offer tax incentives to facilitate saving for postsecondary education. Low- and moderate-income families are less likely to have college savings than higher-income families. To address this inequity, a number of states have launched 529 savings match incentive programs. A recently released CSD report examines the program design of all state 529 savings match programs and offers recommendations aimed to facilitate access, increase program participation and perhaps reduce administrative costs.

In remembrance of Martin Luther King Jr., the Society of Black Student Social Workers at Washington University’s Brown School will host the fifth annual “Financial Freedom Seminar: Recovering From the Recession, Reaching for the Future,” from 8 a.m.-3 p.m. Saturday, Jan. 22, in Brown and Goldfarb halls. The seminar, free and open to the public, is designed for St. Louis community youth and adults interested in building wealth, repairing and maintaining good credit, purchasing a home or starting and expanding a business.