News From Our Blog

On Instagram? Find captivating ship wreck photos on NOAAs feed during #30daysofWrecks: http://bit.ly/1pweCQY

On Instagram? Find captivating ship wreck photos on NOAAs feed during #30daysofWrecks: http://bit.ly/1pweCQY

Getting the help you need, in the language you understand- Higinio’s story

By Ashley Gordon, CFPB

image

(Watch Higinio’s story in Spanish)

Imagine being told that you owe money for a debt you’ve already paid. It’s not only annoying, but frustrating, right? Not to mention expensive and time-consuming.

That’s what happened to Higinio when he found a debt on his credit report that he had paid multiple times. For years, he tried to work with the credit card company to remove the debt from his record, but they were insistent that he owed them money. Hundreds of dollars and countless calls later, Higinio submitted a complaint with the help of his friend Marta by accessing resources on www.consumerfinance.gov/es.

“The help in Spanish was amazing because I understand English, but it´s not the same when you have a problem and try to explain it in a language that´s not yours; it´s never the same.”

We understand that navigating the financial marketplace can be confusing and that language can often be an additional barrier for many people. We’re glad that Higinio got the assistance he needed, and that we were able to offer him resources that he found helpful.

To share your story or learn more about our Spanish language resources, visit us at http://www.consumerfinance.gov/yourstory.

Read this note in Spanish.

Image description:

From the Presidential Libraries:

The Berlin Airlift Ends

The Berlin Airlift was one of the most important events of the Cold War.  On September 30, 1949 the last plane of the Berlin Airlift unloaded supplies in the city.  Over the 15 months of the Airlift, 278,228 relief flights were made.  2,326,404 tons of cargo were delivered.

In 1948, Berlin was the divided capital of a divided country.  That June, the Soviet Union established a blockade around Berlin. By sealing off the roads linking Berlin to western Germany, the Soviets hoped they could force the Americans, British, and French to leave their sectors of the city.

Berlin’s two and a half million inhabitants faced the prospect of privation and even starvation as their food and other supplies ran out. President Truman’s choice was a stark one: either abandon the city to the Soviets or risk a military confrontation that could lead to World War III.

It seemed like an impossible task to keep the entire city functioning but the United States, Britain, and France worked together to airlift all necessary supplies into the city.  Food, coal, and industrial supplies were flown into the city on a round-the-clock basis.  Soldiers even parachuted chocolate bars into the city for Berlin children. 

More - The Berlin Airlift from the Truman Library

People who feel good about their finances: What do they have in common?

By CFPB and FDIC

Parents tell us it’s important for children to be well-prepared to lead good financial lives. Yes, financial facts and information are important. But the way we behave around money is connected to the way we behave in the rest of our lives. That means it’s important for children to develop attitudes and characteristics as well as knowledge.

So, what kind of person is likely to have financial well-being—that is, to feel confident about their financial situation, today and down the road? It turns out that people who feel financial well-being have a few personality traits in common:

  • Focus on the future. People with this characteristic tend to plan ahead and think about how their actions today will affect them in the future.

  • Diligence. This trait describes people who are driven to finish what they start, work hard, and take care of details.

  • Self-control. People with self-control are generally able to show patience and wait for what they want.

  • Self-confidence. People with this trait tend to measure themselves against an inner yardstick, and believe their actions can make a difference in their own lives.

Parents, if you’re thinking about getting your children on the path to financial well-being, try helping them work on these traits. They can help children get ahead in many areas of life. Young people develop these traits at their own pace, and almost everyone benefits from help and practice. For example, for children younger than age five, activities like martial arts and playing pretend can develop these qualities. You don’t have to be a money expert, and you can help form a good foundation for your child’s future financial life.

Image description:

From the National Archives:

Happy Birthday, Lewis Hine 

These haunting child labor photos are only a fraction of the thousands taken by investigative photographer Lewis Wickes Hine, born one hundred and forty years ago on September 26, 1874.  Hine used his camera as both a research tool and an instrument of social reform.  In 1908 he was hired as the photographer for the National Child Labor Committee (NCLC) and spent a decade documenting child labor in American industry to aid the NCLC’s lobbying efforts to end the practice.  Hine worked tirelessly, staying out at all hours to capture images of children working on city streets, or bluffing his way into mills and factories where he would not have been welcome otherwise.   

National Child Labor Committee Photographs taken by Lewis Hine, ca. 1912

Other examples of Hine’s work can be found in his series of photographs for the Tennessee Valley Authority (TVA), documenting life in the mountains of eastern Tennessee, and for the Works Progress Administration’s (WPA) National Research Project, highlighting changes in industry and their effect on employment: