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Articles on Money

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Recent college graduates owed an average of nearly $30,000 in student loans in 2019. lightspeedshutter/iStock via Getty Images Plus

Student loan debt is costing recent grads much more than just money

Student loan debt can affect not only the financial health of recent grads but also their mental and emotional health. Three scholars weigh in on the greater costs student loans can have on borrowers.
How quickly people recover financially from the COVID-19 crisis,or lose the gains they made, may depend on their level of financial literacy. (Shutterstock)

Especially after COVID-19, Canadians need better financial literacy and teachers can help

Teaching financial literacy requires more than adding financial literacy to kids' school curriculum. It also means offering teachers professional development to ensure they're equipped.
Shakespeare did an excellent job of depicting the real nature of money, Karl Marx believed. A £2 coin issued in 2016 to mark the 400th anniversary of Shakespeare’s death. (Shutterstock)

Shakespeare’s ‘Timon of Athens,’ penned in plague-time, shows money corrupts but can also heal

Shakespeare understood that our fate depends on fostering the humility and empathy that dethrones money and transforms it into something we use to advance the common good.
The NBA suspended its season on March 11, citing the coronavirus risk. A force majeure clause in the NBA contract means players could lose money with each canceled game. AP Photo/Rich Pedroncelli

Breaking contracts over coronavirus: Can you argue it’s an ‘act of God’?

The COVID-19 pandemic is forcing companies, universities and even the NBA to break contracts. What does the law say about liability in a situation like this, and does the money have to be returned?
Fire cut a devastating swath through Australia in 2019-20, leaving a heavy toll of death and destruction in its wake. (Shutterstock)

Money won’t save the planet, so philanthropy needs to adapt

Philanthropy in the form of financial donations is not a solution to the natural disasters caused by climate change. A new philanthropy of social change is needed.
Have you ever wondered why U.S. money is green? Yulia Grigoryeva/Shutterstock.com

Why is money green?

The color of American money goes back to the British colonies.

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