News from the Reference Desk Category: Economic

May Is National Older Americans Month

Are you an older American interested in improving your financial literacy? Get informed with free tools and resources available at the CFPB’s Working with Older Adults webpage. You can also download guides for specific topics such as Reverse Mortgages and Managing Someone Else’s Money, as well as find informational blogs about related topics. Free publications—such as Money Smart for Older Adults and Understanding the Benefits of Social Security (in English and Spanish)—can be ordered here. The Administration for Community Living is the federal government agency that sponsors this observance. Get more information here.

Tip of the Month: New Protections for Servicemembers and Veterans

In May 2018, the President signed new protections for servicemembers into law.  In addition to requiring free security freezes and one-year fraud alerts at the three nationwide credit reporting agencies, this law also addresses a number of key financial issues for the military, including:

  • -Holding lenders to more stringent requirements when they participate in VA’s refinance programs
  • -Ensuring continued foreclosure protections for servicemembers up to one year after they leave active duty
  • -Prohibiting medical debt that should have been paid by the VA to be reported as part of a veteran’s credit history
  • -Providing free credit monitoring for active duty military, including the national guard

Get more information about these protections here.

Are You Ready For Some Financial Football?

Already missing your weekly pigskin fix? Well, you can hang on a bit longer AND increase your financial literacy with this new game from Visa and the NFL! They’ve teamed up to help teach financial concepts with Financial Football, a fast-paced, interactive game that engages students while teaching them money management skills. The fall 2018 release features new 3D graphics and game changing opportunities with audibles, blitzes and game breaking plays. Are you ready for the new game?

December is National Write a Business Plan Month

Whether you’re an entrepreneur, budding small business owner or seasoned veteran of owning your own business, one thing you’ll definitely appreciate is the importance of having a solid business plan. Just in time for December–National Write a Business Plan Month–MPPL is here to help. Check out our collection for books on writing business plans, or dive right in by accessing Gale Small Business Builder from our list of web resources! GSBB is a user-friendly database that walks you through a step-by-step process for writing a business plan. It even works in tandem with related Gale Business databases to help you create a comprehensive plan designed for whatever your business, from retail to consulting and beyond. Try it this month and check out this video tutorial!

Does Your Business Have a Disaster Recovery Plan?

Even with ample warning, no business owner can truly anticipate the extent to which a disaster may impeded their business’ ability to get back to normal after the crisis is over. According to the Federal Emergency Management Agency (FEMA), up to 60% of small businesses never reopen their doors after a disaster. One way to improve the odds is by having a Disaster Recovery Plan. Read more about it and download a Disaster Recovery Plan template created by experts at Purdue University Global here.