Half empty or half full?
Do you anticipate the best possible outcomes in life? A blog on Yahoo Finance citing a study by psychologist Sophia Chou finds that it might actually be best to be a “realistic optimist”, maintaining a positive outlook but also being wise to potential downsides. The post explores six major money decisions from the point of view of an optimist, pessimist and a “happy medium”.
Text message reminders may help students access financial aid and make them more likely to complete their studies, research from the United States suggests. A working paper called Financial Aid Nudges tells how Free Application for Federal Student Aid (FAFSA) can make studying more affordable for students from low income households but that the application process must be completed every year to continue receiving the help. In an experiment, college freshman were sent 12 personalised text message reminders, with recipients 12% more likely to persist with their studies compared to students that didn’t receive the text messages.
Through the roof
The International Monetary Fund has launched Global Housing Watch, a portal that tracks developments in housing markets around the world and is updated four times a year. Among the metrics are the house price-to-rent and house price-to-income ratios. It shows house price-to-income is highest in Belgium, Canada and Australia and lowest in Japan, Korea and Germany. Prices in the Philippines had risen most in the last year.