Daily Summary
Mellody Hobson, co-CEO of Ariel Investments, has released a children’s book sharing her personal financial journey and lessons learned to address the scarcity of financial literacy education. The book, which debuted as a New York Times bestseller, reflects her early life struggles in Chicago and her determination to educate her daughter and future generations about money. Meanwhile, Bentonville approved a 2025 budget with nearly balanced revenues and expenses, featuring staff salary boosts, new hires, significant investments in public projects, and additional local government updates, including controversy over a mocking email and warnings about holiday scams.
Bentonville's 2025 Budget Approved with Key Investments and Staff Increases
The Bentonville city council approved the 2025 budget with projected revenues of $252.38 million and expenses of $252.25 million, resulting in a surplus of about $404,000. The budget features a 3.5% raise for city staff, adds 13 new positions, and earmarks significant funds for key public projects.
Mellody Hobson: Why Many Parents Talk About Condoms Rather Than Credit Cards
Mellody Hobson’s new book, *Priceless Facts About Money*, uses humor and fascinating facts to make financial literacy accessible, drawing on her own experiences of financial hardship to educate children.