Saturday, October 17, 2015
Research Proposal
https://docs.google.com/document/d/1jGKIw9ED65kEynO-WjTb_YvrzPnwRSbKrF8zx5yFTA8/edit
Tuesday, October 13, 2015
Sources
Effective Practices of Financial Education for College Students: Students' Perceptions of Credit Card Use and Financial Responsibility
The Role of Monthly Spending Money in College Student Drinking Behaviors and Their Consequences
How College Students Can Waste Less Money
One Nation Under Stress
How To Suceed in College
The Role of Monthly Spending Money in College Student Drinking Behaviors and Their Consequences
How College Students Can Waste Less Money
One Nation Under Stress
How To Suceed in College
Monday, October 12, 2015
Literature Review #1
Citation:
Thompson, Derek. "Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions." The Atlantic. Atlantic Media Company, 22 Nov. 2013. Web. 12 Oct. 2015.
Summary:
The article takes a stab at explaining just why people spend money on their short term futures rather than their long-term futures. People in poverty spend money on the short term for a one specific reason, the article claims, and that's giving up on the long-term future. For poorer people, there may not be a long-term purchase in their future, so why not spend the money on something they can enjoy in the short term? In a sense, spending money on short term necessities is more rational than spending money on something too far in the future to even consider.
Author:
Derek Thompson - Senior editor at the Atlantic, covering economics, labor markets, and the entertainment business.
Quotes:
"The inescapability of poverty weighs so heavily on the [impoverished person] that s/he abandons long-term planning entirely, because the short term needs are so great and the long-term gains so implausible."
"'In this situation, giving up can be a natural – indeed, a rational – response to a time frame that wasn't properly framed to begin with,'" (Maria Konnikova, NY Times).
Relation to my topic:
It's interesting how college students perceive their futures beyond school. If a student does not have long-term goals, they are more likely to spend money on unessentials. For many students struggling with heavy debt, the long-term future of their financial well-being is so far in the future that the cost of spending money on something short term feels as if it has no impact on them whatsoever. Nothing a college student can do now will significantly decrease their college debt, so why not spend money on something they can enjoy now? As evidenced in the article, any person struggling with poverty is likely to fall into this trap.
Thompson, Derek. "Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions." The Atlantic. Atlantic Media Company, 22 Nov. 2013. Web. 12 Oct. 2015.
Summary:
The article takes a stab at explaining just why people spend money on their short term futures rather than their long-term futures. People in poverty spend money on the short term for a one specific reason, the article claims, and that's giving up on the long-term future. For poorer people, there may not be a long-term purchase in their future, so why not spend the money on something they can enjoy in the short term? In a sense, spending money on short term necessities is more rational than spending money on something too far in the future to even consider.
Author:
Derek Thompson - Senior editor at the Atlantic, covering economics, labor markets, and the entertainment business.
Quotes:
"The inescapability of poverty weighs so heavily on the [impoverished person] that s/he abandons long-term planning entirely, because the short term needs are so great and the long-term gains so implausible."
"'In this situation, giving up can be a natural – indeed, a rational – response to a time frame that wasn't properly framed to begin with,'" (Maria Konnikova, NY Times).
Relation to my topic:
It's interesting how college students perceive their futures beyond school. If a student does not have long-term goals, they are more likely to spend money on unessentials. For many students struggling with heavy debt, the long-term future of their financial well-being is so far in the future that the cost of spending money on something short term feels as if it has no impact on them whatsoever. Nothing a college student can do now will significantly decrease their college debt, so why not spend money on something they can enjoy now? As evidenced in the article, any person struggling with poverty is likely to fall into this trap.
Tuesday, September 22, 2015
My Topic Idea
My idea for a topic is the Irony of the College Student. It seems that many college students have unreasonable spending habits and lack of time management, issues of which students only have themselves to blame. I plan on focusing a critical lens on the student who complains about the cost of college, but wastes money skipping class; the student who pays for a meal plan between $500-$1,000, but spends money at Chipotle instead; the student who questions the cost of living, but does not involve himself in organizations and activities. This topic appeals to me because every student can relate to it somehow and it may encourage wiser usage of money and time among college students.
(Personal responsibility, decision making) While the privatization of colleges sets up college students in a poor financial situation, the students can ease the strains of financial debt by making the right short-term and long-term choices. Find the middle ground.
The Truth Behind Truancy: Student Rationales for Cutting Class
(Personal responsibility, decision making) While the privatization of colleges sets up college students in a poor financial situation, the students can ease the strains of financial debt by making the right short-term and long-term choices. Find the middle ground.
The Truth Behind Truancy: Student Rationales for Cutting Class
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