Published February 24, 2017|2 min read
In this week's Weekend Reads, we talk about changing passwords (note: even more important now with the advent of Cloudbleed), the dollars behind the gender pay gap, and why #millennials are reliant on their parents for rent.
We've told you time and time again that you should be using a password manager to, you know, manage your passwords. Well, we're going to mix it up a little this time: you really need to use a password manager to manage your passwords. Don't believe me? Take this anecdote from GeekDad. Skip was alerted that his email address was part of a data breach and he'd have to change his password. Annoying, but fine. Then he was told that while his email was out in the wild, he wouldn't be able to tell what breach it was associated with, so he'd have to change the password on every account he used that email with. Okay, that's a little worse. Then he realized that would mean changing 50 passwords. And remembering all of those changed passwords. See how easily it is for a pain to turn into a full on nightmare? So, yeah: use a password manager, everyone. Here are some suggestions.
It used to be that growing up meant flying the coop and leaving your parents behind. Now, apparently, it means asking for them to spot you some of the rent. Twenty-somethings get an average of $3,000 a year in helping make ends meet. And if you think it's predictable who needs help, think again. It's happening in big cities and elsewhere, and to the easily-mocked liberal arts degrees as well as STEM grads. But don't worry: if you're a millennial, you'll doubtlessly be blamed for this regardless.
The gender pay gap is a problem, but it's sort of hard to conceptualize. After all, the stat that women make, on average, 82 cents for every dollar a man makes might be true, but it's a blanket statement that doesn't help you really take into account all of the contributing factors. Well, Glamour has put some cold, hard numbers to this debate. They got together pairs of men and women, from similar companies, backgrounds, and geographical area, and compared their salaries. Big surprise, in almost every case, the men were paid more. But Glamour also takes a helpful deep dive into what contributes to these disparities. If you want to learn more about the topic while having some real salaries in place to put things into perspective, this is a great place to start.
Get essential money news & money moves with the Easy Money newsletter.
Free in your inbox each Friday.